Growth, human development, and trade: The Asian experience

Article

Mustafa, G., Rizov, M. and Kernohan, D. 2017. Growth, human development, and trade: The Asian experience. Economic Modelling. 61, pp. 93-101. https://doi.org/10.1016/j.econmod.2016.12.007
TypeArticle
TitleGrowth, human development, and trade: The Asian experience
AuthorsMustafa, G., Rizov, M. and Kernohan, D.
Abstract

This study looks at the three-way relationship between economic growth, human development, and openness to trade in a large panel of developing Asian economies. Using a theoretically motivated simultaneous equations system, we find that although human development contributes positively to economic growth, in the case of our Asian sample growth does not appear to have had a positive influence on human development. Uneven growth accompanied by lagging institutional development, preventing human capital formation, might have inhibited human development in the short to medium run. Complementary to the literature showing that growth is sustainable only when accompanied by human development, we confirm a role for trade liberalisation policies in achieving higher growth as well as human development.

KeywordsEconomic growth, Human development, Trade, Openness, Asia
PublisherElsevier
JournalEconomic Modelling
ISSN0264-9993
Electronic1873-6122
Publication dates
Online14 Dec 2016
Print01 Feb 2017
Publication process dates
Deposited06 Jan 2017
Accepted09 Dec 2016
Output statusPublished
Accepted author manuscript
License
Copyright Statement

© 2016. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.econmod.2016.12.007
LanguageEnglish
Permalink -

https://repository.mdx.ac.uk/item/86vyq

Log in to edit

Download files

Accepted author manuscript
OP_EG_and_HD_Revised December Final.pdf
License: CC BY-NC-ND 4.0

  • 41
    total views
  • 22
    total downloads
  • 7
    views this month
  • 1
    downloads this month

Export as

Related outputs

Minority versus majority: The choice of acquisition in Asia-Pacific countries
Nguyen, A., Kernohan, D. and Nguyen, T. 2024. Minority versus majority: The choice of acquisition in Asia-Pacific countries. International Journal of Finance & Economics. 29 (1), pp. 1125-1140. https://doi.org/10.1002/ijfe.2726
Blind faith in the Balkans: trade policy scenarios for South-East Europe
De Rosa, D. and Kernohan, D. 2007. Blind faith in the Balkans: trade policy scenarios for South-East Europe. International Journal of Economic Policy in Emerging Economies. 1 (1), pp. 53-87. https://doi.org/10.1504/IJEPEE.2007.015582
On the cost of re-establishing Yugoslavia: first estimates of the economic impact on Montenegro of establishing a customs union with Serbia
Gros, D., Kernohan, D., Najman, V. and Wozniak, P. 2004. On the cost of re-establishing Yugoslavia: first estimates of the economic impact on Montenegro of establishing a customs union with Serbia. Southeast European and Black Sea Studies. 4 (1), pp. 119-139. https://doi.org/10.1080/14683850412331321758
Investor confidence and mutual fund performance in emerging markets: insights from India and Pakistan
Nguyen, A., Shahid, M. and Kernohan, D. 2018. Investor confidence and mutual fund performance in emerging markets: insights from India and Pakistan. Journal of Economic Studies. 45 (6), pp. 1288-1310. https://doi.org/10.1108/JES-07-2017-0175
Cooperation and optimism in a social dilemma
Oyediran, O., Rivas, M., Coulson, M. and Kernohan, D. 2018. Cooperation and optimism in a social dilemma. Bulletin of Economic Research. 70 (4), pp. 335-340. https://doi.org/10.1111/boer.12161
Good neighbours matter: economic geography and the diffusion of human rights
Edwards, T., Kernohan, D., Landman, T. and Nessa, A. 2018. Good neighbours matter: economic geography and the diffusion of human rights. Spatial Economic Analysis. 13 (3), pp. 319-337. https://doi.org/10.1080/17421772.2018.1412087
Relativising human rights
Landman, T., Kernohan, D. and Gohdes, A. 2012. Relativising human rights. Journal of Human Rights. 11 (4), pp. 460-485. https://doi.org/10.1080/14754835.2012.730917
Measuring firm-level productivity convergence in the UK: the role of taxation and R&D investment
Bournakis, I., Sushanta, M., Kernohan, D. and Tsouknidis, D. 2013. Measuring firm-level productivity convergence in the UK: the role of taxation and R&D investment. London Queen Mary University of London.
Evaluation of the pilot of Domestic Violence Protection Orders
Kelly, L., Adler, J., Horvath, M., Lovett, J., Coulson, M., Kernohan, D., Gray, M., London Metropolitan University, Middlesex University and Home Office Science 2013. Evaluation of the pilot of Domestic Violence Protection Orders. London, UK Home Office.