Premium
An Analysis of Causal Flow Between Social Development and Economic Growth:
Author(s) -
Mazumdar Krishna
Publication year - 1996
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1996.tb02323.x
Subject(s) - gross domestic product , economics , causality (physics) , index (typography) , context (archaeology) , per capita , granger causality , social change , econometrics , economic growth , demography , sociology , geography , population , physics , archaeology , quantum mechanics , world wide web , computer science
A bstract . 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.