Performances of Asia-Pacific countries: a new approach
In: Global economic studies series
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In: Global economic studies series
In: Review of social economy: the journal for the Association for Social Economics, Band 61, Heft 4, S. 535-549
ISSN: 1470-1162
In: The American journal of economics and sociology, Band 55, Heft 3, S. 361-383
ISSN: 1536-7150
Abstract.This is an attempt to examine whether there is any causal relation between social development and economic growth. Social development in this context is measured by a social development index, which is a weighted composite index formed with eight social indicators of life representing various spheres of social life. Economic growth is indicated by Per Capita Real Gross Domestic Product (PCRGDP), The causality test offered by Granger has been performed for the entire sample as well as for three income groups: high, middle and low. The study also tests causality between PCRGDP and the eight social indicators of life.