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Health, Education and Emergence from the Development Trap
Author(s) -
Berthélemy JeanClaude
Publication year - 2011
Publication title -
african development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.654
H-Index - 32
eISSN - 1467-8268
pISSN - 1017-6772
DOI - 10.1111/j.1467-8268.2011.00288.x
Subject(s) - openness to experience , economics , emerging markets , trap (plumbing) , poverty trap , developing country , democracy , development economics , sample (material) , economic growth , macroeconomics , political science , geography , poverty , physics , psychology , social psychology , politics , meteorology , law , thermodynamics
: This paper studies the emergence of developing countries from a development trap. It shows that countries whose dynamics exhibits several growth peaks can be considered as cases of equilibrium jump. Applying this criterion to a sample of 65 countries that were initially very poor in 1950, it identifies 13 such countries, called ‘emerging economies’. Comparing emerging and non‐emerging economies in the 1950s and early 1960s, it shows that economic take‐offs starting in the 1960s can be related to health and education in the early 1950s, while other possible factors, such as savings, openness and democracy are not significant.