Applying Logarithmic Transformation, Sine Wave and Amplitude: An Emerging Global Pattern of Economic Growth and Human Development (original) (raw)
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Economic growth and human development
World Development, 2000
Ð The connections between economic growth (EG) and human development (HD) form two chains. Crosscountry regressions show a signi®cant relationship in both directions, with public expenditures on health and education, notably female, especially important in the chain from EG to HD; and the investment rate and income distribution signi®cant in the HD to EG chain. This gives rise to virtuous or vicious cycles, with good or bad performance on HD and EG reinforcing each other. Evidence over time has strong sequencing implications: countries initially favoring economic growth lapse into the vicious category, while those with good HD and poor EG sometimes move into the virtuous category. Where choice is necessary human development should be given sequencing priority. Ó
SSRN Electronic Journal, 2000
examining the performance of some countries which have been successful in both dimensions and a few which have not. The specific aim is to examine the historical experience of six countries in order to determine how a system can move to a situation in which improvements in Human Development accompany and support higher rates of growth which, in turn, contribute to further improvements in Human Development as the basic societal objective.
Economic Growth and Human Development; A Link Mechanism: An Empirical Approach
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The aim of the study was to determine the relationship mechanisms between the economic growth and human development. The research used cross country survey research design. The research covers 40 countries, 10 countries from each of human development ranks. Multivariate multiple regression model is used to analyse data. The research found that there is a strong relationship between economic growth and human development. But the relationship is not perfect it starts after a country attained a certain level of human development. It is recommended that a country should concentrate on both improving human development and the economic growth since are strongly related, the human development is an important input to growth economic and in turns, the economic growth activates the human development. The political policies and technology invested have a positive influence on the human development and economic growth in a particular country.
2010
The aims of this paper are two. The first is to to present a framework that facilitates the identification and analysis of human development patterns in terms of outcomes performance from a cross and time perspective. The second is to find a method that is effective in summarizing different dimensions that concerns human development progress. We consider human development progress as enhanced throughout virtuous synergies among positive human development outcomes and between these and 'positive' economic outcomes.
ECONOMIC GROWTH AND HUMAN DEVELOPMEN; A LINK MECHANISM: AN EMPIRICAL APPROACH
The study based on determining the relationship mechanism between the economic growth and human development. The human development measured in human development indices which are human development index, inequality –adjusted human development index and gender inequality index. The economic growth measured in gross national income per capita (GNI per capita). The research used secondary data and the main source of data is the Human Development Report, 2011. The research covers 40 countries, 10 countries from each of very high human development countries, high human development countries, medium and low development countries in the world. The research found that there is a relationship between economic growth and human development. But the relationship is not perfect it starts after a country attained a certain level of human development. Therefore, human development comes first to stimulate economic growth. Stimulation of economic growth activate the human development, this is two ways chain. The multiple regressions model used to test the empirical relationship mechanism between the economic growth and human development. It is recommended that a country will concentrate on improving human development first to stimulate the economic growth and the economic growth will improve the human development. The political policies and technology invested are initiators of the human development in a particular country.
Globelics Complex systems and economic development
2008
This paper is based on an application of complex systems’ approach to economics with the objective of explaining the micro, meso and macroeconomic mechanisms of development. The complex systems’ approach makes it possible to tackle the problem of evolution and economic development under conditions of temporal irreversibility, non-linear change and radical uncertainty. This study emphasizes the importance of the relationship between the absorption and connectivity capacities and processes of structural change, creative destruction and appropriation. It shows that capacities and processes interact according to two complex systems’ properties: self-organization and adaptation, which account for economic development. In addition, the paper presents some policy issues that derived from the analytical approach of complex systems. JEL B25 E11 O30 O32
Complex systems and economic development
2008
This paper is based on an application of complex systems' approach to economics with the objective of explaining the micro, meso and macroeconomic mechanisms of development. The complex systems' approach makes it possible to tackle the problem of evolution and economic development under conditions of temporal irreversibility, non-linear change and radical uncertainty. This study emphasizes the importance of the relationship between the absorption and connectivity capacities and processes of structural change, creative destruction and appropriation. It shows that capacities and processes interact according to two complex systems' properties: self-organization and adaptation, which account for economic development. In addition, the paper presents some policy issues that derived from the analytical approach of complex systems.
A Causal Panorama of Cross-Country Human Development
2011
I broadly summarize the theoretical and recent empirical literatures on human development. Using Purser's 1970-2010 database of human development index (HDI) components (income, life expectancy, literacy, gross enrolment ratios) for 135 countries, together with indicators of the demographic transition, urbanization, technological change, sustainability, and institutions (15 variables), I construct a panel for the 1985-2010 quinquennia, and instruments for the same variables using the 1970-1980 data and conduct a descriptive dynamic analysis. I then analyze the matrix of causal interactions between the 15 variables, using three types of instrumented regressions for each matrix entry: a) levels regressions; b) growth regressions; c) growth regressions also containing the contemporary growth of independent variables. This analysis is repeated for 3 subsamples obtained according to HDI levels and another 3 according to technological levels. The Hausman and Sargan test results show a ranking of endogenous determination and indirect impacts of the variables on each other that vary qualitatively for levels and growth and across HDI and technological levels. Main results: the HDI distribution is broadly twin peaked and its dynamics vary substantively across HDI and technological levels. The main development transitions are broadly advancing at different stages: fertility, infant mortality, the dependency ratio, literacy, enrolment, life expectancy, urbanization. Also, there is a transition towards more democracy and less autocracy. However, at very low HDI levels income per capita decreased. The main policy suggestions for promoting the demographic and human development transition are to support: technology transfer to the poor, investments not supplied by the markets (human capital, urbanization, sustainability), the emergence of democracy, and global governance.
Dynamic Links between the Economy and Human Development
2005
This paper empirically confi rms the signifi cance 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.
Part III. GLOBAL TRENDS AND PERSPECTIVES Advances in Development Reverse Global Inequality Trends
2014
In recent decades countries have gone through unprecedented growth in human development. In 1980, there were two countries with a human development index near to or higher than 0.90, now there are 22. It is a well-established fact that growth in human development is positively related with economic growth. Largely as a result of this correspondence, Ranis posited a positive feedback loop between countries with high economic growth and human development (a ‘virtuous cycle’) and countries with stagnant or negative economic growth and human development (a ‘vicious’ cycle). Using longitudinal statistical analysis we show that there is an ‘old model’ of the relationship between human development and economic growth that supports the existence of these cycles and a ‘new model’ that refutes them. This is good news since the vicious-virtuous cycles imply that the rich get richer and the poor get poorer whereas the ‘new model’ shows a conditional and eventual absolute convergence between ric...