IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v11y2024i7p484-494.html
   My bibliography  Save this article

Human Development – Economic Growth Nexus: The case of ECOWAS Member States

Author

Listed:
  • Liatu Damishi Omoyiola

    (ECOWAS, Abuja, FCT, Nigeria)

  • Felix Fofana N’Zué

    (ECOWAS, Abuja, FCT, Nigeria)

Abstract

In recent decades, human development and economic growth have become fundamental indicators of a nation’s progress, serving as key objectives for governments and policymakers in their pursuit of poverty alleviation and societal advancement. According to the United Nations (UN), development transcends mere economic growth, and there exists a vital connection between human development and economic prosperity. The UN underscores that as people’s capabilities are expanded and their well-being elevated, they become more productive contributors to the economy. This imperative correlation between human development captured through the Human Development Index (HDI) and economic growth has ignited discussions on refining the measurements of progress (UNDP, 2021). Therefore, the utilization of the Human Development Index has expanded the scope of discussions on development by encompassing more comprehensive concepts of sustainability, beyond mere economic viewpoints, in the evaluation of development metrics.

Suggested Citation

  • Liatu Damishi Omoyiola & Felix Fofana N’Zué, 2024. "Human Development – Economic Growth Nexus: The case of ECOWAS Member States," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(7), pages 484-494, July.
  • Handle: RePEc:bjc:journl:v:11:y:2024:i:7:p:484-494
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-11-issue-7/484-494.pdf
    Download Restriction: no

    File URL: https://rsisinternational.org/journals/ijrsi/articles/human-development-economic-growth-nexus-the-case-of-ecowas-member-states/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Oloke Emmanuel & Olanipekun Wahid Damilola & Mabinuori Oladotun Toriola & Ojo Lucas B. & Aderemi Timothy Ayomitunde, 2022. "Government Educational Spending and Human Capital Development in ECOWAS Sub-Region: Implication For Sustainable Development," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 67(3), pages 37-52, December.
    2. Mincer, Jacob, 1984. "Human capital and economic growth," Economics of Education Review, Elsevier, vol. 3(3), pages 195-205, June.
    3. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    4. Ranis, Gustav, 2004. "Human Development and Economic Growth," Center Discussion Papers 28375, Yale University, Economic Growth Center.
    5. Zhang, Chuanguo & Zhuang, Lihuan, 2011. "The composition of human capital and economic growth: Evidence from China using dynamic panel data analysis," China Economic Review, Elsevier, vol. 22(1), pages 165-171, March.
    6. Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011. "The HDI 2010: new controversies, old critiques," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 249-288, June.
    7. Kai-Joseph Fleischhauer, 2007. "A Review of Human Capital Theory: Microeconomics," University of St. Gallen Department of Economics working paper series 2007 2007-01, Department of Economics, University of St. Gallen.
    8. Gustav Ranis, 2004. "Human Development and Economic Growth," Working Papers 887, Economic Growth Center, Yale University.
    9. Muhammad Taqi & Muhammad Sibt e Ali & Sabiha Parveen & Mehtab Babar & Inam Makki Khan, 2021. "An analysis of Human Development Index and Economic Growth. A Case Study of Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 3(3), pages 261-271, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mine Yilmazer & Serkan inar, 2015. "Human Capabilities and Economic Growth: A Comparative Human Capability Index," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 843-853.
    2. Selebogo LESHORO & Temitope L.A. LESHORO, 2013. "Impacts of literacy rate and human development indices on agricultural production in South Africa," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 59(11), pages 531-536.
    3. 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.
    4. Sonika Redhu & Pragati Jain, 2024. "Unveiling the nexus between water scarcity and socioeconomic development in the water-scarce countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 19557-19577, August.
    5. Marta Santagata & Enrico Ivaldi & Riccardo Soliani, 2019. "Development and Governance in the Ex-Soviet Union: An Empirical Inquiry," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 157-190, January.
    6. Sara Romanó, 2014. "Personal Networks and Party Affiliation in Status Attainment Processes in Cuba: How Do Individuals End Up in Economically Profitable Positions in Emergent Sectors?," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 24.
    7. Debapriya Bhattacharya & Lisa Borgatti, 2012. "An Atypical Approach to Graduation from the LDC Category: The Case of Bangladesh," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 13(1), pages 1-25, March.
    8. Salim Chahine & Adam Chahine, 2024. "COVID-19 Crisis and the Association Between Inequality and Economic Growth," Journal of Interdisciplinary Economics, , vol. 36(2), pages 246-261, July.
    9. Manuel Carlos Nogueira & Mara Madaleno, 2021. "Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries," Sustainability, MDPI, vol. 13(11), pages 1-24, May.
    10. Mohammed Shuaibu & Popoola Timothy Oladayo, 2016. "Determinants Of Human Capital Development In Africa: A Panel Data Analysis," Oeconomia Copernicana, Institute of Economic Research, vol. 7(4), pages 523-549, December.
    11. Camelia Negri & Gheorghița Dincă, 2023. "Public sector’s efficiency as a reflection of governance quality, an European Union study," PLOS ONE, Public Library of Science, vol. 18(9), pages 1-23, September.
    12. Nooshin Karimi Alavijeh & Mohammad Taher Ahmadi Shadmehri & Parisa Esmaeili & Fatemeh Dehdar, 2024. "Asymmetric Impacts of Renewable Energy on Human Development: Exploring the Role of Carbon Emissions, Economic Growth, and Urbanization in European Union Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 17188-17212, December.
    13. Kashif Munir & Shahzad Arshad, 2018. "Factor accumulation and economic growth in Pakistan: incorporating human capital," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(3), pages 480-491, March.
    14. Ayten Yagmur & Sergen Gürsoy & Ilhan Gunbayı, 2024. "Mixed-methods analysis of multidimensional conditions for the Human Development Index: a fuzzy set qualitative comparative analysis (FsQCA) study," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 26(1), pages 214-234, April.
    15. Maria-Daniela TUDORACHE, 2021. "Development in Romania during the post-crisis period: A human, economic and social perspective," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(628), A), pages 15-32, Autumn.
    16. Ghulam Akhmat & Khalid Zaman & Tan Shukui, 2014. "Impact of financial development on SAARC’S human development," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(5), pages 2801-2816, September.
    17. Julia G. Dobreva, 2019. "Key Factors For Economic Growth," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 13(1), pages 16-23.
    18. Phan Thi Hang Nga & Pham Minh Tien, 2024. "The impact of public expenditure on economic growth in Vietnamese localities: Research in the context of the impact of Covid-19," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 14(1), pages 50-64.
    19. Valeria Costantini & Riccardo Crescenzi & Fabrizio De Filippis & Luca Salvatici, 2007. "Bargaining Coalitions in the WTO Agricultural Negotiations," The World Economy, Wiley Blackwell, vol. 30(5), pages 863-891, May.
    20. Ewa Lechman, 2013. "Social development – a multidimensional approach to social development analysis. Country level evidence," GUT FME Working Paper Series A 2, Faculty of Management and Economics, Gdansk University of Technology.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:11:y:2024:i:7:p:484-494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.