@article{Ranis:28376,
      recid = {28376},
      author = {Ranis, Gustav and Stewart, Frances},
      title = {Growth and Human Development: Comparative Latin American  Experience},
      address = {2001},
      number = {1858-2016-152878},
      series = {Center Discussion Paper No. 826},
      pages = {58},
      year = {2001},
      abstract = {This paper seeks to examine the interdependence between  economic growth (EG) and human development (HD). It is  concerned with changes in per capita income and its two-way  relationship with the basic societal objective of human  development. Regressions across various Latin American  countries are run for 1960-92. Country performance is  separated into virtuous/vicious cycles or HD/EG  lopsidedness. The study makes an attempt to correct the  commonly held view that ensuring increases in economic  growth automatically leads to advances in human  development. Human development has to occur prior to or  simultaneous with improvements in economic growth, if a  country is to reach a virtuous cycle. The Latin American  experience indicates that a balanced approach to  development has to be adopted. It is imperative to focus on  human development from the outset of any reform program, as  policies that emphasize economic growth alone are futile in  sustaining high levels of human development.},
      url = {http://ageconsearch.umn.edu/record/28376},
      doi = {https://doi.org/10.22004/ag.econ.28376},
}