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Health and Wealth: A Structural Model of Social and Economic Development
Author(s) -
Fielding David
Publication year - 2002
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/1467-9361.00163
Subject(s) - causality (physics) , economics , economic model , growth model , politics , social change , macroeconomics , economic growth , political science , physics , quantum mechanics , law
The paper presents a model of social and economic development which relaxes some of the assumptions made in existing papers on the determinants of growth. In particular, the model allows for multidirectional causality between social and economic indicators. The model indicates that there are strong causal relationships in both directions between economic development and social and political development.