Human Development and Economic Growth

Gustav Ranis ()
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Gustav Ranis: Economic Growth Center, Yale University

Working Papers from Economic Growth Center, Yale University

Abstract: Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, described as an imperfect proxy for more general welfare, or as a means toward enhanced human development. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development (HD) and economic growth (EG). To the extent that greater freedom and capabilities improve economic performance, human development will have an important effect on growth. Similarly, to the extent that increased incomes will increase the range of choices and capabilities enjoyed by households and governments, economic growth will enhance human development. This paper analyzes these relationships and the two-way linkages involved.

Keywords: Economic Growth; Human Development (search for similar items in EconPapers)
JEL-codes: O11 O15 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2004-05
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:egc:wpaper:887

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