This paper studies the issue of interactive reinforcements among per capita real GDP, literacy rate and life expectancy invoking pooled OLS. Annual data from 2000 through 2013 are employed for selected twenty Asian countries. The results reveal strong interactions among the above three variables underscoring the importance of human capital and longer longevity of people in enhancing economic well-being. Polices towards improving them will put a human face on globalization
Published in |
Journal of World Economic Research (Volume 4, Issue 5-1)
This article belongs to the Special Issue The Globalization and Economic Structure Changes |
DOI | 10.11648/j.jwer.s.2015040501.13 |
Page(s) | 20-26 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Globalization, Per Capita Real GDP, Literacy Rate, Life Expectancy, Pooled OLS
[1] | Aghion, P. and P. Howitt (1998). “Endogenous Growth Theory”, The MIT Press, Cambridge, Mass. |
[2] | Barro, R.J. and X. Sala-i-Martin (1992). “ Convergence", Journal of Political Economy, 100, 223-251. |
[3] | Bassanini, A. and S. Scarpetta. (2001). “Does human capital matter for growth in OECD countries? Evidence from pooled mean-group estimates”, Working Paper No. 282, Economics Department, OECD. |
[4] | Becker, G.S. (1964). “Human Capital”, New York: Columbia University Press. |
[5] | Beck, N. and J.N. Katz, (1995). “What to do (and not to do) with time-series cross-section data”, American Political Science review, 89, 634-47. |
[6] | Benhabib, J. and M. Spiegel (1994), " The role of human capital in economic development: evidence from aggregate cross-country data", Journal of Monetary Economics, 43, 143-174. |
[7] | Bhargava, Alok., Dean T. Jamison, Lawrence J. Lau, and Christopher J.L. Murray. (2001). “Modeling the effects of health on economic growth”, Journal of Health Economics, 20, 423-440. |
[8] | Bluedorn, M.J.C., R., Duttagupta, Guajardo, J., and P. Tapalova, (2013). “Capital flows are fickle: Anytime, anywhere”, Working Paper WP/13/183, International Monetary Fund, Washington, DC. |
[9] | Bloom. David E., David Canning, and Pia Malaney. (2002). “Demographic change and economic growth in Asia”, Supplement to Population and Development Review, 26, 257-290. |
[10] | Bloom, David E., David Canning, and J. Sevilla. (2004). “The Effect of Health on Economic Growth: A Production Function Approach”, World Development 32, 1-13. |
[11] | Bloom, David E., David Canning, and Dean T. Jamison. (2004). “Health, wealth and welfare”, Finance and Development, 41, 10-15. |
[12] | Bonds, Christopher and O’Bryne, Darren, J. (2014). “Challenges and conceptions of globalization. An investigation into models of global change and their relationship with business practice”, Cross Cultural Management, 21, 23-38. |
[13] | Bovin, J. ( 1997). “Globalization and linkages: Challenges for development policy”, Development, 40(2): 29-42. |
[14] | Bowles, P. (2010). “Globalization’s problematic for labor: Three paradigms”, Global Labor Journal, 1, 12-31. |
[15] | Card, D. (1999). “The causal effects of schooling on earnings”, in O. Ashenfelter and D. Card (eds.) Handbook of Labor Economics, Amsterdam, North Holland. |
[16] | Colclough, C. (1993). “Human Development: towards a more integrated framework for planning in the 1990s”, Discussion Paper 323. Brighton, England: Institute of Development Studies. |
[17] | Cutter, S., Emrich, C., Webb, J., and Morath D. (2009). “Social vulnerability to climate variability hazards: A review of the literature”, Final Report to Oxfam America, University of South Carolina, Department of Geography, Hazards and Vulnerability Research Institute, Columbia, SC. |
[18] | EuroStat (2007). “Euro indicator, selected readings, focus on measuring globalization”, Luxembourg: European Commission. |
[19] | Falk. R. (1997). “Resisting globalization-from-above through globalization-from-below”, New Political Economy, 2, 17-24. |
[20] | Farrell, R.R. (2007). “The future of globalization”, The Real Truth, Magazine: http://www.realtruth.org/articles/07223-001-globalization.html. |
[21] | Fleming, D. and H. Soborg (2014). “The debate on globalization and international revitalization of labor: A critical review”, Nordic Journal of Working Life Studies, 4, 53-68. |
[22] | Freire -Seren, M. J. (2002). “On the relationship between human capital accumulation and economic growth”, Applied Economics Letters, 9, 805-808. |
[23] | Furceri, D., and Loungani, P. (2013). “Who let the gini out?”, Finance and Development, 50(4), 25-27. |
[24] | Harris, Laurence. (1998). “The dynamics of globalization: Eight skeptical theses”, Paper presented at the UNU/AERC Conference, Tokyo, August 3-4, 1998. |
[25] | Islam, N. ( 1995). “Growth empirics: A panel data approach”, Quarterly Journal of Economics, 110, 1127-1170. |
[26] | Jorgenson, Andrew K. and Edward L. Kick (2003). “Globalization and the environment”, Journal of World - Systems Research IX, pp.195-203. |
[27] | Jorgenson, D.W., F.M. Gollop, and, B.M. Fraumeni (1987), “Productivity and U.S. economic growth”, Cambridge ,MA. Harvard Univ. Press. |
[28] | Khan, Haider A. (2004). “Globalization : Challenges and opportunities”, Southwest Review of International Business Research, 15, 276-291. |
[29] | Khan, Haider A. (1996). “Beyond distributive justice in the McWorld”, Global Justice, Spring /Summer, 30-40. |
[30] | Lucas, R. E. (1988). “On the mechanics of economic development”, Journal of Monetary Economics, 22, 3-42. |
[31] | Lutz, W. 1995. “Literate life expectancy”, International Institute for Applied Systems Analysis, POPNET ,26 (Winter), 1-5. Laxenburg, Austria |
[32] | Mankiw, G.N., D. Romer,, and D.N., Well, (1992). “A contribution to the empirics of economic growth”, Quarterly Journal of Economics, 107, 407-37. |
[33] | Medina, S. (1996). “Implementing a new indicator of social development in Mexico: literate life expectancy (LLE)”, International Institute for Applied Systems Analysis, Laxenburg, Austria WP-96-103. |
[34] | Nelson, R. and E. Phelps (1966). “Investment in humans, technological diffusion and economic growth”, American Economic Review, 56, 69-75. |
[35] | Nigam, M. (2009). “Impact of globalization”, http://monikanigam.articlesbase.com/science-articles/impact-of-globalization-1095770.html |
[36] | Palmer, T.G. (2002). “Globalization is great!”, Washington: Cato’s Letter. |
[37] | Park, Jungsoo. (2004). “International student flows and R&D spillover”, Economics Letters, 82, 315-320. |
[38] | Prasad, E.S., K., Rogoff,, Shang-Jin, Wei, and Ayan M. Kose (2003). “Effects of financial globalization on developing countries: Some empirical evidence”, IMF, Occasional Paper 220. |
[39] | Pritchett, L. (1997). “Where has all the education gone?”, Policy Research Working Paper No. 1581, The World Bank, Washington, D.C. |
[40] | Psacharopoulos, G. (1994). “Returns to investment in education: A global update”, World Development, 22, 1325-1343. |
[41] | Romer, P.M. (1990). “Endogenous technological change”, Journal of Political Economy, 98, 71-102. |
[42] | Schultz, T.W. (1961). “Investment in human capital”, The American Economic Review, 51, 1-17. |
[43] | Sen , G. (1997). “Globalization, justice and equity: A gender perspective”, Development, 40, 21-26. |
[44] | Son, Hyun Hwa. ( 2004). “A note on pro-poor growth”, Economics Letters, 82, 407-314. |
[45] | Steger, M.B. (2009). “Globalization: A very short introduction”, Hampshire: Oxford University Press. |
[46] | Stiglitz, J. 2002. “Globalization and Its Discontents”, New York : Norton. |
[47] | Taylor, C. L. and D. A. Jodine. (1983). “World handbook of political and social indicators”, Third Edition. New Haven: Yale University Press. |
[48] | Topel, R. (1999). “Labor markets and economic growth”, in O. Ashenfelter and D. Card (eds.), Handbook of Labor Economics, Amsterdam, North Holland. |
[49] | Thurow, L. (1996). “The future of capitalism: How Today's Economic Forces Shape Tomorrow's World”, Penguin Books: New York. |
[50] | United Nations Development Program (UNDP). (2000-2013). Human Development Reports 2000-2013. New York: Oxford University Press. |
[51] | Waller, Christian E and Adam Hersh. (2004). “The long and short of it : Global liberalization and the incomes of the Poor”, Journal of Post Keynesian Economics, 26, 471-503. |
[52] | Weinstein, Eric. (2002). “Migration for the Benefit of all: Towards a New Paradigm for economic immigration”, International Labor Review, 141, 225-252. |
[53] | Varghese, N. (2011). “Globalization and cross-border education: Challenges for the development of higher education in commonwealth countries”, Kuala Lumpur: International Institute for Educational Planning (IIEP). |
[54] | Young, A. (1994). “Lessons from the East Asia NIC's: a contrarian view”, European Economic Review, 38, 964-973. |
[55] | Young, M.E. (1977). “Social indicators: A bibliography with annotations”, Springfield, VA: NTIS. |
APA Style
Matiur Rahman, Prashanta K. Banerjee. (2015). Globalization: Some Controversies and Its Humanization. Journal of World Economic Research, 4(5-1), 20-26. https://doi.org/10.11648/j.jwer.s.2015040501.13
ACS Style
Matiur Rahman; Prashanta K. Banerjee. Globalization: Some Controversies and Its Humanization. J. World Econ. Res. 2015, 4(5-1), 20-26. doi: 10.11648/j.jwer.s.2015040501.13
AMA Style
Matiur Rahman, Prashanta K. Banerjee. Globalization: Some Controversies and Its Humanization. J World Econ Res. 2015;4(5-1):20-26. doi: 10.11648/j.jwer.s.2015040501.13
@article{10.11648/j.jwer.s.2015040501.13, author = {Matiur Rahman and Prashanta K. Banerjee}, title = {Globalization: Some Controversies and Its Humanization}, journal = {Journal of World Economic Research}, volume = {4}, number = {5-1}, pages = {20-26}, doi = {10.11648/j.jwer.s.2015040501.13}, url = {https://doi.org/10.11648/j.jwer.s.2015040501.13}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.s.2015040501.13}, abstract = {This paper studies the issue of interactive reinforcements among per capita real GDP, literacy rate and life expectancy invoking pooled OLS. Annual data from 2000 through 2013 are employed for selected twenty Asian countries. The results reveal strong interactions among the above three variables underscoring the importance of human capital and longer longevity of people in enhancing economic well-being. Polices towards improving them will put a human face on globalization}, year = {2015} }
TY - JOUR T1 - Globalization: Some Controversies and Its Humanization AU - Matiur Rahman AU - Prashanta K. Banerjee Y1 - 2015/08/13 PY - 2015 N1 - https://doi.org/10.11648/j.jwer.s.2015040501.13 DO - 10.11648/j.jwer.s.2015040501.13 T2 - Journal of World Economic Research JF - Journal of World Economic Research JO - Journal of World Economic Research SP - 20 EP - 26 PB - Science Publishing Group SN - 2328-7748 UR - https://doi.org/10.11648/j.jwer.s.2015040501.13 AB - This paper studies the issue of interactive reinforcements among per capita real GDP, literacy rate and life expectancy invoking pooled OLS. Annual data from 2000 through 2013 are employed for selected twenty Asian countries. The results reveal strong interactions among the above three variables underscoring the importance of human capital and longer longevity of people in enhancing economic well-being. Polices towards improving them will put a human face on globalization VL - 4 IS - 5-1 ER -