IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v8y2019i5p228-236.html
   My bibliography  Save this article

A critical approach to economic development: Concept, measurement and patterns

Author

Listed:
  • Emeka Nkoro

    (University of Port Harcourt, Port Harcourt, Nigeria)

  • Aham Kelvin Uko

    (Abia State Ministry of Environment, Abia State, Nigeria)

Abstract

This paper x-rayed the concept, measurement and, patterns of economic development. In doing this, the paper reviewed a vast literature on concepts, measurement of economic development and, economic development patterns and their effects on growth indicators as well as on the quality of life components. This literature was sourced from known academic databases. From the overview of the concept, measurement of economic development and, economic development patterns and their relationship between growth indicators as well as the quality of life components the following were found; as new challenges emerge, the horizon of the concept of economic development expands to accommodate the prevailing challenges. Economic development has no conventional measure/indicator that completely captures it process and, there are various economic development patterns use in tackling the problem of economic growth and quality of life, some of which are; knowledge-based, trade-based, saving-based and ethnic-religious-based pattern. Future studies may use these concepts/measurements of economic development and patterns of economic development and, validate their significance using statistical methods. Key Words:Economic Development, Concept, Measurement, Patterns

Suggested Citation

  • Emeka Nkoro & Aham Kelvin Uko, 2019. "A critical approach to economic development: Concept, measurement and patterns," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(5), pages 228-236, September.
  • Handle: RePEc:rbs:ijbrss:v:8:y:2019:i:5:p:228-236
    as

    Download full text from publisher

    File URL: https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/311/443
    Download Restriction: no

    File URL: https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/311
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hicks, Norman & Streeten, Paul, 1979. "Indicators of development: The search for a basic needs yardstick," World Development, Elsevier, vol. 7(6), pages 567-580, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bénédicte Apouey & Jacques Silber & Yongsheng Xu, 2020. "On Inequality‐Sensitive and Additive Achievement Measures Based on Ordinal Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(2), pages 267-286, June.
    2. Mina Baliamoune-Lutz, 2004. "On the Measurement of Human Well-being: Fuzzy Set Theory and Sen's Capability Approach," WIDER Working Paper Series RP2004-16, World Institute for Development Economic Research (UNU-WIDER).
    3. Leandro Prados de la Escosura, 2010. "Improving Human Development: A Long‐Run View," Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 841-894, December.
    4. Augustin Kwasi Fosu, 2009. "Inequality and the Impact of Growth on Poverty: Comparative Evidence for Sub-Saharan Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 45(5), pages 726-745.
    5. Astrid Sneyers & Anneleen Vandeplas, 2013. "Girl Power in Agricultural Production: How Much Does it Yield? A Case-Study on the Dairy Sector in India," Working Papers id:5562, eSocialSciences.
    6. John Mbaku, 1992. "Political instability and economic development in Sub-Saharan Africa: Further evidence," The Review of Black Political Economy, Springer;National Economic Association, vol. 20(4), pages 39-53, June.
    7. Michele Alacevich, 2010. "Development Agency or Bank? Vision and Strategy of the World Bank in the 50’s and 60’s," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    8. Rahman, Tauhidur & Mittelhammer, Ron C. & Wandschneider, Philip R., 2011. "Measuring quality of life across countries: A multiple indicators and multiple causes approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(1), pages 43-52, February.
    9. D K Despotis, 2005. "A reassessment of the human development index via data envelopment analysis," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(8), pages 969-980, August.
    10. R. J. Chelliah & K.R. Shanmugam, 2001. "Some Aspects Of Inter District Disparities In Tamil Nadu," Working Papers 2004-01, Madras School of Economics,Chennai,India.
    11. Garfield O. Blake, 2015. "Using Increases in Criminal Deportees from the US to Estimate the Effect of Crime on Economic Growth and Development in Latin America and the Caribbean," Laws, MDPI, vol. 4(4), pages 1-18, November.
    12. R. Frey & Fengxiang Song, 1997. "Human Well-Being in Chinese Cities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 42(1), pages 77-101, September.
    13. Nicola Amendola & Giacomo Gabbuti & Giovanni Vecchi, 2023. "On some problems of using the Human Development Index in economic history," European Review of Economic History, European Historical Economics Society, vol. 27(4), pages 477-505.
    14. Augustin Kwasi Fosu, 2008. "Inequality and the growth-poverty nexus: specification empirics using African data," Applied Economics Letters, Taylor & Francis Journals, vol. 15(7), pages 563-566.
    15. Simonis, Udo E., 1988. "Ökonom und Entwicklungsplaner: Paul Streeten [Economist and Development Planner: Paul Streeten]," Discussion Papers, Research Professorship Environmental Policy FS II 88-403, WZB Berlin Social Science Center.
    16. Miles Cahill, 2005. "Is the Human Development Index Redundant?," Eastern Economic Journal, Eastern Economic Association, vol. 31(1), pages 1-5, Winter.
    17. Salih, Siddig Abdulmageed, 2011. "Comprehensive Human Development: Realities and Aspirations," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 19, pages 19-49.
    18. Miley, Jose, 2015. "Socio-economic developmental agenda- A study of developing nations," MPRA Paper 66899, University Library of Munich, Germany.
    19. Udaya S. Mishra & Vachaspati Shukla, 2015. "Welfare Comparisons with Multidimensional Well-Being Indicators: An Indian Illustration," Working Papers id:7095, eSocialSciences.
    20. Lawrence Brown & Andrew Goetz, 1987. "Development-related contextual effects and individual attributes in third world migration processes: A Venezuelan example," Demography, Springer;Population Association of America (PAA), vol. 24(4), pages 497-516, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:8:y:2019:i:5:p:228-236. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.