Gustav Ranis|Frances Stewart|Alejandro Ramírez
Economic Growth and Human Development
Yale University|University of Oxford|United Nations Development Programme
connections economic growth eg human development hd form two chains crosscountry regressions show significant relationship directions public expenditures health education notably female especially important chain eg hd investment rate income distribution significant hd eg chain gives rise virtuous vicious cycles good bad performance hd eg reinforcing evidence time strong sequencing implications countries initially favoring economic growth lapse vicious category good hd poor eg sometimes move virtuous category choice necessary human development given sequencing priority