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Human Capital, Trade and Development in India, China, Japan and other Asian Countries, 1960-2002: Econometric Models and Causality Tests

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  • Guisan, M.C.

Abstract

This articles emphasizes the important role of human capital, manufacturing and imports to increase real income per inhabitant and non-agrarian employment. Some researchers specialized in economic growth analyse the export-led growth in many countries and insist upon the importance of openness to increase real Gdp. Often this type of beneficial effects seem very clear but it does not always happen that way. The important question in our view is not only to increase the degree of openness due in order to increase foreign demand but also to relate foreign trade with supply side having into account the general positive effects of imports on the domestic growth of industry, building and services. International cooperation is also recommended in order to help Asian developing countries to reach sustained development at high rates for real income per inhabitant.

Suggested Citation

  • Guisan, M.C., 2004. "Human Capital, Trade and Development in India, China, Japan and other Asian Countries, 1960-2002: Econometric Models and Causality Tests," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(3), pages 123-139.
  • Handle: RePEc:eaa:aeinde:v:4:y:2004:i:1_24
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    File URL: http://www.usc.es/economet/reviews/aeid438.pdf
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    References listed on IDEAS

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    1. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    2. Barro, Robert J & Lee, Jong Wha, 1996. "International Measures of Schooling Years and Schooling Quality," American Economic Review, American Economic Association, vol. 86(2), pages 218-223, May.
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    Cited by:

    1. KONYA, Laszlo & SINGH, Jai Pal, 2008. "Are Indian Exports And Imports Cointegrated?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(2), pages 177-186.
    2. VAZQUEZ-ROZAS, Emilia & VADLAMANNATI, Krishna Chaitanya, 2009. "Direct Foreign Investments In India: Potential & Performance Of Fdi Inflows From United States As Strategic Major Investor," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).

    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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