Paths to Success: The Relationship Between Human Development and Economic Growth.
This paper explores the two-way relationships between Economic Growth (EG) and Human Development (HD), building on an earlier work by Ranis, Stewart, and Ramirez (2000). Here, we show that HD is not only a product of EG but also an important input to it. The paper develops new empirical strategies t...
| Main Authors: | , , , |
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| Format: | Working paper |
| Language: | English |
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Economic Growth Center (Yale University)
2003
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| _version_ | 1797051839479283712 |
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| author | Boozer, M Ranis, G Stewart, F Suri, T |
| author_facet | Boozer, M Ranis, G Stewart, F Suri, T |
| author_sort | Boozer, M |
| collection | OXFORD |
| description | This paper explores the two-way relationships between Economic Growth (EG) and Human Development (HD), building on an earlier work by Ranis, Stewart, and Ramirez (2000). Here, we show that HD is not only a product of EG but also an important input to it. The paper develops new empirical strategies to estimate the strength of the two-way chains connecting HD and EG. Building on existing growth literature, we explore the empirical determinants of positive growth trajectories running from HD to EG and find that HD plays an essential role in explaining growth trajectories. Our findings point to the empirical relevance of endogenous growth models in general, and threshold effect models in particular. We also develop a measure of the strength of the EG to HD relationship and explore some of its empirical determinants. A strong sequencing implication of our findings is that HD must be given priority for the achievement of both higher EG as well as HD. |
| first_indexed | 2024-03-06T18:25:05Z |
| format | Working paper |
| id | oxford-uuid:07aabb71-d668-4e06-a136-a559f7dc405a |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:25:05Z |
| publishDate | 2003 |
| publisher | Economic Growth Center (Yale University) |
| record_format | dspace |
| spelling | oxford-uuid:07aabb71-d668-4e06-a136-a559f7dc405a2022-03-26T09:08:48ZPaths to Success: The Relationship Between Human Development and Economic Growth.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:07aabb71-d668-4e06-a136-a559f7dc405aEnglishDepartment of Economics - ePrintsEconomic Growth Center (Yale University)2003Boozer, MRanis, GStewart, FSuri, TThis paper explores the two-way relationships between Economic Growth (EG) and Human Development (HD), building on an earlier work by Ranis, Stewart, and Ramirez (2000). Here, we show that HD is not only a product of EG but also an important input to it. The paper develops new empirical strategies to estimate the strength of the two-way chains connecting HD and EG. Building on existing growth literature, we explore the empirical determinants of positive growth trajectories running from HD to EG and find that HD plays an essential role in explaining growth trajectories. Our findings point to the empirical relevance of endogenous growth models in general, and threshold effect models in particular. We also develop a measure of the strength of the EG to HD relationship and explore some of its empirical determinants. A strong sequencing implication of our findings is that HD must be given priority for the achievement of both higher EG as well as HD. |
| spellingShingle | Boozer, M Ranis, G Stewart, F Suri, T Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title | Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title_full | Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title_fullStr | Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title_full_unstemmed | Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title_short | Paths to Success: The Relationship Between Human Development and Economic Growth. |
| title_sort | paths to success the relationship between human development and economic growth |
| work_keys_str_mv | AT boozerm pathstosuccesstherelationshipbetweenhumandevelopmentandeconomicgrowth AT ranisg pathstosuccesstherelationshipbetweenhumandevelopmentandeconomicgrowth AT stewartf pathstosuccesstherelationshipbetweenhumandevelopmentandeconomicgrowth AT surit pathstosuccesstherelationshipbetweenhumandevelopmentandeconomicgrowth |