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The asymmetric impact of growth fluctuation on human development: evidence from correlates of growth decelerations and accelerations

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  • Pedro Concei cao

    (United Nations Development Programme, USA)

  • Namsuk Kim

    (United Nations, USA)

Abstract

This paper studies the impact of growth fluctuation on human development indicators using country level panel data between 1980 and 2009. The evidence from mean comparison and regression analysis suggests that, globally and on average, periods of decelerating economic growth are correlated with worse indicators of health and education outcomes and that the reverse happens for periods of growth accelerations. However, in line with the findings from the literature, these effects are asymmetric: things do not improve as much during good times as they worsen during bad times. And the negative effects of growth collapses are severe for developing countries, especially for Least Developed Countries, along with little or no improvement during good times.

Suggested Citation

  • Pedro Concei cao & Namsuk Kim, 2014. "The asymmetric impact of growth fluctuation on human development: evidence from correlates of growth decelerations and accelerations," Journal of Developing Areas, Tennessee State University, College of Business, vol. 48(3), pages 31-45, July-Sept.
  • Handle: RePEc:jda:journl:vol.48:year:2014:issue3:pp:31-45
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    More about this item

    Keywords

    Human development; Growth acceleration and deceleration; Asymmetry; Least Developed Countries;
    All these keywords.

    JEL classification:

    • 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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