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Rao, Jayaprakash
- Economic Growth & Human Development: The Experience of Indian States
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Authors
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1 A.J. Institute of Management (AJIM), Mangalore-5750006, IN
1 A.J. Institute of Management (AJIM), Mangalore-5750006, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 47, No 4 (2012), Pagination: 634-644Abstract
This paper explores the links between economic growth and human development by identifying two chains based on Indian empirical evidence, one from economic growth to human development and the other from human development to economic growth. The results indicate that there are widening inter-regional disparities in human development over a long period of time. In the liberalization period the states showed a tendency of convergence rather than divergence in terms of human development. The empirical analysis reveals that there is a positive relationship between public expenditure and human development. The influence of public expenditure on human development is higher than that of economic growth. The empirical evidence is in support of the higher public expenditure on health and education that leads to higher human development.
References
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- Public Expenditure on Human Development:An Empirical Study of Karnataka State
Abstract Views :162 |
PDF Views:110
Authors
Affiliations
1 A. J. Institute of Management, Mangalore, IN
1 A. J. Institute of Management, Mangalore, IN
Source
Indira Management Review, Vol 6, No 2 (2012), Pagination: 20-31Abstract
Human development is broadly defined as a process of enlarging people's choices, as well as raising the level of wellbeing. Theoretically, these choices can be infinite and vary over time and space. From among these, the choice to lead a long and healthy life, the choice to acquire knowledge and be educated and to have access to resources needed for a decent level of living are identified as three most critical and socially valuable requirements.Full Text