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Economic Growth And Growth In Human Development

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  • Stephen G. GRUBAUGH

Abstract

Dynamic panel estimates of economic growth using standard measurements of GDP per capita are compared to estimates of a model of growth in the Human Development Index (HDI) developed by the United Nations. The only independent variables that are found to be significantly related to growth in HDI are population, population growth, and the initial level of GDP. The differences in the two models cannot be simply explained as HDI measuring the same effect as GDP. Restricting the sample to only developing countries and estimating the model using the HDI rank order of countries does not significantly alter the results.

Suggested Citation

  • Stephen G. GRUBAUGH, 2015. "Economic Growth And Growth In Human Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 5-16.
    • Handle: RePEc:eaa:aeinde:v:15:y:2015:i:2_1
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    File URL: http://www.usc.es/~economet/reviews/aeid1521.pdf
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    References listed on IDEAS

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    Cited by:

    1. Funda Hatice Sezgin & Yunus Budak, 2022. "The Growth Impact of Human Development: A Developed- and Developing-Country Comparison," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 81-104, June.
    2. Tudorache, Maria-Daniela, 2021. "Development in Romania during the post-crisis period: A human, economic and social perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(3(628)), pages 15-32.
    3. Adina Trandafir, 2019. "The Biderectional Relationship Between Human Development Index and Economic Growth in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 921-926, December.
    4. 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 - AGER, vol. 0(3(628), A), pages 15-32, Autumn.
    5. Muhammad Azmat Hayat & Huma Ghulam & Maryam Batool & Muhammad Zahid Naeem & Abdullah Ejaz & Cristi Spulbar & Ramona Birau, 2021. "Investigating the Causal Linkages among Inflation, Interest Rate, and Economic Growth in Pakistan under the Influence of COVID-19 Pandemic: A Wavelet Transformation Approach," JRFM, MDPI, vol. 14(6), pages 1-22, June.
    6. Emin Efecan Aktas, 2022. "Long-run effects of human development and public governance on economic welfare: New evidence from transition economies," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 40(1), pages 147-175.
    7. Zhiping Song & Peishan Tong, 2022. "The Impact of Social Security Expenditure on Human Common Development: Evidence from China’s Provincial Panel Data," Sustainability, MDPI, vol. 14(17), pages 1-12, September.
    8. Aravind M, 2019. "Economic Performance and Human Development: A Critical Examination on SAARC Region," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(71), pages 79-92, March.

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    More about this item

    Keywords

    Human Development Index; Economic Growth; Dynamic Panel Estimates.;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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