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Human Development and Economic Growth

Author

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  • Gustav Ranis

    (Economic Growth Center, Yale University)

Abstract

Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, described as an imperfect proxy for more general welfare, or as a means toward enhanced human development. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development (HD) and economic growth (EG). To the extent that greater freedom and capabilities improve economic performance, human development will have an important effect on growth. Similarly, to the extent that increased incomes will increase the range of choices and capabilities enjoyed by households and governments, economic growth will enhance human development. This paper analyzes these relationships and the two-way linkages involved.

Suggested Citation

  • Gustav Ranis, 2004. "Human Development and Economic Growth," Working Papers 887, Economic Growth Center, Yale University.
    • Handle: RePEc:egc:wpaper:887
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    File URL: http://www.econ.yale.edu/growth_pdf/cdp887.pdf
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    References listed on IDEAS

    as
    1. Mahbub ul Haq, 1992. "Human Development in a Changing World," Human Development Occasional Papers (1992-2007) HDOCPA-1992-01, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
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    More about this item

    Keywords

    Economic Growth; Human Development;

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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