Economic Development, Technological Change and Growth

Paul Auerbach ()
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Paul Auerbach: Kingston University London

No 2003-15, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: Economic development connotes the complex process of structural and institutional changes by which poor countries attain the standard of well-being associated with the rich nations of the world. The measurement of economic development will begin with economic growth (the growth rate in national income) as a basis, and then proceed with a series of modifications. Technological change, improvements in human capital and the quality of state governance are key determinants of economic development. The Human Development Index is the most prominent example of an attempt at a unitary measure of economic development.

Keywords: economic growth; economic development; Human Development Index (search for similar items in EconPapers)
JEL-codes: A13 O10 O47 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2003-01-01
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