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A broad summary of the theoretical literature on economic growth shows this theory has transcended the neoclassical paradigm and that market rationality does not govern the human development process. Instead human development is the appropriate standard for rationality. Using Gidwitz et al’s...
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I conduct a cross-country analysis of the human development index (HDI) components, income, life expectancy, literacy and gross enrollment ratios, using Gray and Purser’s 1970-2005 quinquennial database for 111 countries. 1) A descriptive analysis uncovers a complex pattern of divergence and...
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Human development is characterized by intergenerational traps that slow economic growth. Such a trap exists in Mexico, with increasing returns for education not accessed by most of the population. In addition, early child health and nutrition are strongly associated with later educational...
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