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Human Development and Economic Growth

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  • Gustav Ranis

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    (Economic Growth Center, Yale University)

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    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.

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    File URL: http://www.econ.yale.edu/growth_pdf/cdp887.pdf
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    Bibliographic Info

    Paper provided by Economic Growth Center, Yale University in its series Working Papers with number 887.

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    Length: 13 pages
    Date of creation: May 2004
    Date of revision:
    Handle: RePEc:egc:wpaper:887

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    Related research

    Keywords: Economic Growth; Human Development;

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    References

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    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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    Cited by:
    1. Alan Martina, 2007. "A Class of Poverty Traps: A Theory and Empirical Tests," ANU Working Papers in Economics and Econometrics 2007-482, Australian National University, College of Business and Economics, School of Economics.
    2. Zaman, Khalid & Izhar, Zeeshan & Khan, Muhammad Mushtaq & Ahmad, Mehboob, 2012. "The relationship between financial indicators and human development in Pakistan," Economic Modelling, Elsevier, vol. 29(5), pages 1515-1523.
    3. Bichaka Fayissa & Christian Nsiah & Badassa Tadasse, 2007. "The Impact of Tourism on Economic Growth and Development in Africa," Working Papers 200716, Middle Tennessee State University, Department of Economics and Finance.
    4. Bundala, Ntogwa, 2012. "Economic Growth and Human Development; A Link Mechanism: An Empirical Approach," MPRA Paper 47648, University Library of Munich, Germany.
    5. Mukherjee, Sacchidananda & Chakraborty, Debashis & Sikdar, Satadru, 2014. "Three Decades of Human Development across Indian States: Inclusive Growth or Perpetual Disparity?," Working Papers 14/139, National Institute of Public Finance and Policy.
    6. Fenwick, Colin & Howe, John & Marshall, Shelly & Landau, Ingrid, 2007. "Labour and labour-related laws in micro and small enterprises : innovative regulatory approaches," ILO Working Papers 403814, International Labour Organization.
    7. Ewa Lechman, 2012. "Catching-up and Club Convergence From Cross-National Perspective a Statistical Study for the Period 1980-2010," Equilibrium, Uniwersytet Mikolaja Kopernika, vol. 7, pages 95-109.

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