Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers
Autor: | Klaus Prettner, David E. Bloom, Vadim Kufenko, Alexander Khoury |
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Rok vydání: | 2020 |
Předmět: |
504006 Demography
504006 Demographie Sociology and Political Science Poverty Short run 502018 Macroeconomics Total fertility rate 05 social sciences 502018 Makroökonomie Development Educational attainment Gross domestic product Human development (humanity) 050902 family studies 0502 economics and business Per capita Economics Life expectancy Demographic economics 050207 economics 0509 other social sciences Demography |
Zdroj: | SSRN Electronic Journal. |
ISSN: | 1556-5068 |
Popis: | Education, general health, and reproductive health are key indicators of human development. Investments in these domains can also promote economic growth. This paper argues for human development–related investments based on (1) a theoretical economic growth model with poverty traps, (2) a literature review of evidence that different human development–related investments can promote growth, and (3) own empirical analyses of 1980–2015 data that aim to estimate the relative contribution of different human development indicators to economic growth across heterogeneous growth regimes. Our results suggest the following associations: (1) a one‐child decrease in the total fertility rate corresponds to a 2 percentage point (pp) increase in annual per capita gross domestic product (GDP) growth in the short run (five years) and 0.5 pp higher annual growth in the mid‐run to long run (35 years), (2) a 10 percent increase in life expectancy at birth corresponds to a 1 pp increase in annual per capita GDP growth in the short run and 0.4 pp higher growth in the mid‐run to long run, and (3) a one‐year increase in average educational attainment corresponds to a 0.7 pp increase in annual growth in the short run and 0.3 pp higher growth in the mid‐run to long run. By contrast, infrastructure proxies are not significantly associated with subsequent growth in any of the models estimated. |
Databáze: | OpenAIRE |
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