Growth, human development, and trade: The Asian experience

Mustafa, Ghulam; Rizov, Marian; Kernohan, David

doi:10.1016/j.econmod.2016.12.007

Cited by 78 publications

(63 citation statements)

References 49 publications

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“…Therefore, the results imply that in the long run, economic growth exerts significant positive effect on human development in Zambia. The positive relationship between economic growth and human development is largely in line with evidence presented in a number of empirical studies (for details, see Anand & Sen, ; Benos & Zotou, ; Fosu, ; Mustafa et al, ; Narayan et al, ; Ranis & Stewart, ; Ranis et al, ). The long‐run causal effect running from economic growth to human development is due to government expenditure on health and education.…”

Section: Resultssupporting

confidence: 82%

“…In a related study, Suri et al () concluded that human development plays an essential role in determining sustained growth in poor countries. Most recently, Mustafa et al () explored the three‐way relationship between economic growth, human development, and openness to trade in a large panel of 12 developing Asian countries. They found no evidence indicating economic growth having a positive influence on human development between 1970 and 2011.…”

Section: A Review Of Empirical Literaturementioning

confidence: 99%

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Economic growth and human development: Evidence from Zambia

Chikalipah

Makina

2019

Sustainable Development

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In this paper, we examine the two‐way relationship between economic growth and human development in Zambia over the period 1970 to 2015. By applying the cointegration and vector error correction model techniques, our estimates demonstrate, in the first instance, that economic growth and human development are cointegrated. Second, there is no evidence of two‐way causal effect observable between economic growth and human development in the short run. In marked contrast, we find that economic growth has long‐run effect on human development, with no evidence of reverse causality. This shows that the endless fixation on economic growth has manifestly and consistently proven that GDP growth has had sluggish multiplier effect on inclusive development in Zambia. Finally, we draw country‐specific policy recommendations from our empirical findings.

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Section: Resultssupporting

confidence: 82%

Section: A Review Of Empirical Literaturementioning

confidence: 99%

Economic growth and human development: Evidence from Zambia

Chikalipah

Makina

2019

Sustainable Development

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“…According to the International Monetary Fund (IMF, 2017), large or small countries with developed or advanced economies have been concerned with promoting the productive employment of the entire labor force, incorporating equal opportunities in terms of access to markets and resources. This new concept of EG is aligned with the HD perspective that the aim of HD is to create an enabling environment for people to improve their individual's choices, to lead longer, healthier and more complete lives (Suri et al, 2011;Mustafa et al, 2017).…”

Section: Human Development and Economic Growthmentioning

confidence: 99%

“…For Mustafa et al (2017), advanced Asian economies such as Japan, South Korea, and Taiwan have all achieved exceptionally high rates of growth over the past 30-40 years. In the same period there were rapid human development in these economies, bringing them to levels similar to those of the advanced industrialized countries.…”

Section: Growth and Human Development In Asia And Latin Americamentioning

confidence: 99%

Economic Complexity and Human Development: DEA performance measurement in Asia and Latin America

et al. 2018

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Palavras-chave: Análise por Envoltória de Dados (DEA); Análise em janela; Complexidade econômica; Economic Complexity Index (ECI); Desenvolvimento humano.Abstract: Economic growth is not the only factor to explain human development. Therefore, many authors have prioritized studies to measure the Human Development Index. However, these indexes do not analyze how Economic Complexity can increase Human Development. This paper aimed to determine how efficiently nations from Latin America and Asia measure a country's performance in converting Economic Complexity into Human Development, between 2010 and 2014. We used Data Envelopment Analysis (DEA), through the Variable Returns of Scale (VRS) Model and Window Analysis. Results showed that in 2014, all Asian countries, except China and the Philippines, were efficient; on the other hand Cuba was the benchmark for inefficient countries. Window Analysis showed Japan, South Korea and Singapore were efficient over time. This result confirms the initial hypothesis of this article: the more complex countries are the more efficiently they create Human Development.

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“…Furthermore, in contrast to the relationship between technological diversification and economic growth, the relationship between technological specialization and economic growth (or performance) has recently attracted more interest from scholars than in previous years. Popular specialization research areas include technological specialization and trade (Dosi, Pavitt, & Soete, 1990;Greaney & Karacaovali, 2017;Manwa & Wijeweera, 2016;Mustafa, Rizov, & Kernohan, 2017;Silberberger & Königer, 2016;Soete, 1987;Sokolov-Mladenović, Milovančević, & Mladenović, 2017) and technological specialization with economic growth (Meelen, Herrmann, & Faber, 2017;Murshed & Serino, 2011;Rehner, Baeza, & Barton, 2014;Šipilova, 2015). Moreover, technological diversification patterns are heterogenous across industries and countries, as observed in the United States, Japan, and the United Kingdom (Kodama, 1986;Mowery & Nelson, 1999;Pavitt, Robson, & Townsend, 1989).…”

Section: Benefits From Technological Diversificationmentioning

confidence: 99%

Does Reverse Causality Explains the Relationship Between Economic Performance and Technological Diversity?

Moaniba

Lee

2018

Technological and Economic Development of Economy

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Abstract. Previous studies have highlighted technological innovation as a key instrument for economic development. However, although the relationship between innovation and economic growth has been extensively explored, few studies have investigated the impacts of crucial dimensions of innovation on economic growth. This paper presents one of the first empirical attempts to analyze how the "diversity" aspect of technological progress (or innovation) influences economic performance by considering the possible bidirectional causal effects between these two factors. A series of econometric techniques, including a two-stage-least-squares instrumental variable and dynamic autoregressive distributed lag model, are applied on a dataset of 55 countries. The dataset includes patent data from the United States Patent and Trademark Office and combined macroeconomic data from the World Bank's development indicators and International Monetary Fund's economic outlook databases. The results show that generally, technological diversity does not directly affect economic growth. By contrast, a negative effect of diversity on GDP per capita is observed in nonhigh-income countries. This study contributes to the macroeconomics and innovation management literature by providing an integrated empirical application of various popular firm management theories and a well-known endogenous economic growth theory.

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Growth, human development, and trade: The Asian experience

Cited by 78 publications

References 49 publications

Economic growth and human development: Evidence from Zambia

Economic growth and human development: Evidence from Zambia

Economic Complexity and Human Development: DEA performance measurement in Asia and Latin America

Does Reverse Causality Explains the Relationship Between Economic Performance and Technological Diversity?

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