Human Capital vs. Physical Capital: A Cross-Country Analysis of Human Development Strategies

Rizwana Siddiqui ()

No 2009:51, PIDE-Working Papers from Pakistan Institute of Development Economics

Abstract: This study estimates a small simultaneous equation model using panel data from sixty-four countries for the years 1996 and 2004. The model is estimated by various techniques—OLS, TSLS, dummy variable approach introducing variation at the regional level, and fixed and random effect approaches introducing variation at the individual country level. The objective is to identify the importance of basic needs in human development strategies in Asia, Africa, and the rest of the world (ROW). The results show that income per capita has priority over basic needs expenditure in development strategies of all regions despite being quantitatively different. However, the importance of basic needs expenditure cannot be denied in terms of capabilities development (improvement in health) that ultimately increases productivity.

Keywords: Human Capital; Physical Capital; Income Per Capita; Basic Needs Expenditures; Human Development (search for similar items in EconPapers)
JEL-codes: E22 J24 P24 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2009
New Economics Papers: this item is included in nep-dev, nep-hap, nep-hrm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.pide.org.pk/pdf/Working%20Paper/WorkingPaper-51.pdf First Version, 2009 (application/pdf)

Related works:
Working Paper: Human Capital vs. Physical Capital: A Cross-Country Analysis of Human Development Strategies (2009)
Working Paper: Human Capital vs Physical Capital: A cross country analysis of human development strategies (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:wpaper:2009:51

Access Statistics for this paper

More papers in PIDE-Working Papers from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().