Dynamic links between the economy and human development / Gustav Ranis and Frances Stewart
2005
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Details
SymbolST/ESA/2005/DWP/8
TitleDynamic links between the economy and human development / Gustav Ranis and Frances Stewart
AccessFull text: wp8_2005 - PDF ;
Summary
This paper empirically confi rms the significance 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.
The two chains -- Empirical fi ndings on the links in the chains -- Virtuous and vicious cycles and lopsided development -- Conclusions and policy implications.
The two chains -- Empirical fi ndings on the links in the chains -- Virtuous and vicious cycles and lopsided development -- Conclusions and policy implications.
Call number
ST/DESA(05)/D62/no.8
Internet
Internet
Series
Date[New York] : UN, Nov. 2005
Description
15 p. : chart, graph, tables
Notes
On cover: Economic & Social Affairs.
Includes bibliographical references (p. 13-15).
Includes bibliographical references (p. 13-15).