Growth, human development, and trade: the Asian experience.

Journal article


Mustafa, Ghulam, Rizov, Marian and Kernohan, David 2016. Growth, human development, and trade: the Asian experience. Economic Modelling. https://doi.org/10.1016/j.econmod.2016.12.007
AuthorsMustafa, Ghulam, Rizov, Marian and Kernohan, David
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 liberalisation; Asia
Year2016
JournalEconomic Modelling
PublisherElsevier
ISSN0264-9993
Digital Object Identifier (DOI)https://doi.org/10.1016/j.econmod.2016.12.007
Web address (URL)http://hdl.handle.net/10545/623161
hdl:10545/623161
Publication dates14 Dec 2016
Publication process dates
Deposited28 Nov 2018, 13:54
Accepted09 Dec 2016
ContributorsFederal Urdu University, University of Lincoln and Middlesex University London
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