Economic Growth And Growth In Human Development

• Stephen G. Grubaugh ^[1]
  1. [1] Bentley University

     Bentley University

     City of Waltham, Estados Unidos

     
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 15, Nº. 2, 2015, págs. 5-16
• Idioma: inglés
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• Resumen

  • Dynamic panel estimates of economic growth using standard measurements of GDP per capita are compared to estimates of a model of growth in the Human Development Index (HDI) developed by the United Nations. The only independent variables that are found to be significantly related to growth in HDI are population, population growth, and the initial level of GDP. The differences in the two models cannot be simply explained as HDI measuring the same effect as GDP. Restricting the sample to only developing countries and estimating the model using the HDI rank order of countries does not significantly alter the results.