Economic Growth and Human Development

The connections between economic growth (EG) and human development (HD) form two chains. Crosscountry regressions show a significant relationship in both directions, with public expenditures on health and education, notably female, especially important in the chain from EG to HD; and the investment rate and income distribution significant in the HD to EG chain. This gives rise to virtuous or vicious cycles, with good or bad performance on HD and...