Dynamic Links between the Economy and Human Development

Gustav Ranis and Frances Stewart

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: This paper empirically confirms the significance of various links in each of two chains over time: from economic growth (EG) to human development (HD), including EG itself, income distribution, the social expenditure ratio and female education; from HD to EG, including HD itself, along with the investment ratio. Our most important conclusion concerns sequencing over time. EG, which is an important input into HD improvement, is itself not sustainable without such improvement, either prior or simultaneous. Therefore, traditional policy advice, which argues that HD improvements must wait until EG expansion makes it affordable, is likely to be in error.

Keywords: human development; economic growth; comparative country studies (search for similar items in EconPapers)
JEL-codes: O11 O15 O50 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-11
New Economics Papers: this item is included in nep-dev, nep-edu and nep-hrm
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Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:8

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