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

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    Authors
    Mustafa, Ghulam
    Rizov, Marian
    Kernohan, David
    Affiliation
    Federal Urdu University
    University of Lincoln
    Middlesex University London
    Issue Date
    2016-12-14
    
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    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.
    Citation
    Mustafa, G., Rizov, M., and Kernohan, D. (2016) ‘Growth, human development, and trade: the Asian experience’, Economic Modelling, 61,pp. 93-101. doi: 10.1016/j.econmod.2016.12.007
    Publisher
    Elsevier
    Journal
    Economic Modelling
    URI
    http://hdl.handle.net/10545/623161
    DOI
    10.1016/j.econmod.2016.12.007
    Additional Links
    https://doi.org/10.1016/j.econmod.2016.12.007
    Type
    Article
    Language
    en
    ISSN
    0264-9993
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.econmod.2016.12.007
    Scopus Count
    Collections
    Derby Business School

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