Economic growth and social development: A longitudinal analysis of causal priority

The relationship between social and economic development is investigated using a lagged-dependent variable model for 46 developing countries for the years 1960, 1970, and 1980. Our findings indicate that the two types of development are related, and lend support to the “trickle-up” hypothesis. Wheth...

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Bibliographic Details
Published in:World development 1989-04, Vol.17 (4), p.461-471
Main Authors: Newman, Barbara A., Thomson, Randall J.
Format: Article
Language:English
Subjects:
BIEN ETRE SOCIAL
BIENESTAR SOCIAL
CAMBIO SOCIAL
CHANGEMENT SOCIAL
DESARROLLO ECONOMICO
DEVELOPING COUNTRIES
Development
DEVELOPPEMENT ECONOMIQUE
ECONOMIC DEVELOPMENT
Economic Factors
Economic Growth
LDCs
PAISES EN DESARROLLO
PAYS EN DEVELOPPEMENT
SOCIAL CHANGE
Social conditions & trends
Social Development
Social Factors
SOCIAL WELFARE
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Summary:The relationship between social and economic development is investigated using a lagged-dependent variable model for 46 developing countries for the years 1960, 1970, and 1980. Our findings indicate that the two types of development are related, and lend support to the “trickle-up” hypothesis. Whether we use a 10-year or a 20-year lag period, the Physical Quality of Life Index (PQLI) has a significant and positive effect on gross domestic product (GDP), while GDP does not show a significant lagged effect on PQLI. The implications of our findings for policy research and implementation are discussed.
ISSN:0305-750X
1873-5991
DOI:10.1016/0305-750X(89)90255-6