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Human Development and Economic Growth

  • Enrica Chiappero-Martinetti
  • Nadia von Jacobi
  • Marcello Signorelli

Abstract

Human development and economic growth are two different paradigms that imply different objectives, measurement techniques, and policies. However, a broad literature has shown that economic growth and human development are intrinsically interconnected, co-evolutionary, and mutually reinforcing each other. The key aim of this chapter is to discuss and compare these two paradigms and outline their elements of specificity as well as their potential linkages. In particular, a review of potential linkages between human development and economic growth highlights their bidirectionality, both in theory and in terms of policy implications. In addition to the main theories, some empirical evidence is also being presented. Finally, specific sections are devoted to policy implications and specificities of transition countries.

Keywords

Economic Growth Human Capital Gross Domestic Product Human Development Purchasing Power Parity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Enrica Chiappero-Martinetti, Nadia Von Jacobi, and Marcello Signorelli 2015

Authors and Affiliations

  • Enrica Chiappero-Martinetti
  • Nadia von Jacobi
  • Marcello Signorelli

There are no affiliations available

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