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Foreign Capital Flows and the Efficiency of the HDI Dimensions

Author

Listed:
  • Arcelus Francisco J

    (Universidad Pública de Navarra)

  • Sharma Basu

    (University of New Brunswick)

  • Srinivasan Gopalan

    (University of New Brunswick)

Abstract

This paper examines the impact of the various types of foreign capital flows (or FCF) on the efficiency with which countries transform their respective resources into the achievements associated with the three dimensions (Life expectancy or LI, Educational attainment or EI and wealth or WI) of the Human Development Index. An important result is the identification of returns to scale as the main factor preventing some countries from achieving the total efficiency level assumed by standard economic analysis, if decision-making units (DMUs) or countries in this case, working along their respective production possibility frontiers, wish achieve the goal of optimizing the utilization of their resources.

Suggested Citation

  • Arcelus Francisco J & Sharma Basu & Srinivasan Gopalan, 2005. "Foreign Capital Flows and the Efficiency of the HDI Dimensions," Global Economy Journal, De Gruyter, vol. 5(2), pages 1-14, June.
    • Handle: RePEc:bpj:glecon:v:5:y:2005:i:2:n:4
    DOI: 10.2202/1524-5861.1058
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    Cited by:

    1. Sabyasachi Tripathi, 2021. "How does urbanization affect the human development index? A cross-country analysis," Asia-Pacific Journal of Regional Science, Springer, vol. 5(3), pages 1053-1080, October.
    2. Tudorache, Maria-Daniela, 2020. "Examining the Drivers of Human Development in European Union," EconStor Conference Papers 222443, ZBW - Leibniz Information Centre for Economics.
    3. Adler, Nicole & Yazhemsky, Ekaterina & Tarverdyan, Ruzanana, 2010. "A framework to measure the relative socio-economic performance of developing countries," Socio-Economic Planning Sciences, Elsevier, vol. 44(2), pages 73-88, June.
    4. Wolff, Hendrik & Chong, Howard & Auffhammer, Maximilian, 2008. "Consequences of Data Error in Aggregate Indicators: Evidence from the Human Development Index," CUDARE Working Papers 6502, University of California, Berkeley, Department of Agricultural and Resource Economics.
    5. Wolff, Hendrik & Chong, Howard & Auffhammer, Maximilian, 2008. "Consequences of Data Error in Aggregate Indicators: Evidence from the Human Development Index," IZA Discussion Papers 3346, Institute of Labor Economics (IZA).
    6. Md. Shakib Hossain & Md. Shahin Kamal & Md. Rubaeth Halim & Nurul Mohammad Zayed, 2019. "Inward Foreign Direct Investment and Welfare Nexus: The Impact of Foreign Direct Investment on Welfare in Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 228-240.
    7. Wolff, Hendrik & Chong, Howard & Auffhammer, Maximilian, 2009. "Human Development Index: Are Developing Countries Misclassified? (former title: "Consequences of Data Error in Aggregate Indicators: Evidence from the Human Development Index)," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49763, Agricultural and Applied Economics Association.

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