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Trends in Human and Economic Development Across Countries

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  • Edward Nissan

    () (Department of Economics, Finance and International Business, the University of Southern Mississippi)

Abstract

Convergence of the Human Development Index (HDI) and per capita income were tested between 1975 and 1998 using a yearly adjustment model. The results indicated convergence for HDI and divergence for income. Furthermore, there was an increase over the years in the average HDI for every group of countries as classified by HDI from low to high. The only group of countries with significant increase in income were the rich countries.

Suggested Citation

  • Edward Nissan, 2002. "Trends in Human and Economic Development Across Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 27(1), pages 41-51, June.
  • Handle: RePEc:jed:journl:v:27:y:2002:i:1:p:41-51
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    File URL: http://www.jed.or.kr/full-text/27-1/nissan.PDF
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    1. Galor, Oded, 1996. "Convergence? Inferences from Theoretical Models," Economic Journal, Royal Economic Society, vol. 106(437), pages 1056-1069, July.
    2. Hopkins, Michael, 1991. "Human development revisited: A new UNDP report," World Development, Elsevier, vol. 19(10), pages 1469-1473, October.
    3. Graff, Michael, 1998. "Educational imbalance, socio-economic inequality, political freedom and economic development," Dresden Discussion Paper Series in Economics 03/98, Technische Universit├Ąt Dresden, Faculty of Business and Economics, Department of Economics.
    4. Slottje, Daniel J, 1991. "Measuring the Quality of Life across Countries," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 684-693, November.
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