Quotation Bloom, David E., Khoury, Alex, Kufenko, Vadim, Prettner, Klaus. 2021. Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers. Population and Development Review.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Population and Development Review
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-B
Language English
Title Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers
Year 2021
Reviewed? Y
URL https://onlinelibrary.wiley.com/doi/full/10.1111/padr.12389
DOI https://doi.org/10.1111/padr.12389
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Bloom, David E. (Harvard T.H. Chan School of Public Health, United States/USA)
Khoury, Alex (Harvard T.H. Chan School of Public Health, United States/USA)
Kufenko, Vadim (University of Hohenheim, Germany)
Organization
Department of Economics (Crespo Cuaresma) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5371 Macroeconomics (Details)
5404 Demography (Details)
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