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
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