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dc.contributor.authorMustafa, Ghulam
dc.contributor.authorRizov, Marian
dc.contributor.authorKernohan, David
dc.date.accessioned2018-11-28T13:54:12Z
dc.date.available2018-11-28T13:54:12Z
dc.date.issued2016-12-14
dc.identifier.citationMustafa, 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.2016.12.007en
dc.identifier.issn0264-9993
dc.identifier.doi10.1016/j.econmod.2016.12.007
dc.identifier.urihttp://hdl.handle.net/10545/623161
dc.description.abstractThis 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.
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urlhttps://doi.org/10.1016/j.econmod.2016.12.007
dc.subjectEconomic Growthen
dc.subjectHuman Developmenten
dc.subjectTrade liberalisationen
dc.subjectAsiaen
dc.titleGrowth, human development, and trade: the Asian experience.en
dc.typeArticleen
dc.contributor.departmentFederal Urdu Universityen
dc.contributor.departmentUniversity of Lincolnen
dc.contributor.departmentMiddlesex University Londonen
dc.identifier.journalEconomic Modellingen
dc.date.accepted2016-12-09
html.description.abstractThis 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.


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