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Full-Text Articles in Social and Behavioral Sciences

Idiosyncratic Risk And Development In Developing Countries, Minh Dao Jun 2014

Idiosyncratic Risk And Development In Developing Countries, Minh Dao

Minh Dao

This paper examines the impact of idiosyncratic risk management on economic development in developing countries. Based on data from the World Bank, we use a sample of twenty-seven developing economies and find that selected indicators related to risk management at the household level do have a statistically significant effect on economic development in these countries. Regression results show that almost four-fifths of cross-developing country variations in purchasing power parity per capita gross national income can be explained by its linear dependency on the percentage of the population aged over 25 who have completed the tertiary level of education, education quality …


Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao Jan 2014

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Minh Dao

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …


Drivers Of Economic Growth In Developing Countries, Minh Dao Jan 2014

Drivers Of Economic Growth In Developing Countries, Minh Dao

Minh Dao

This paper examines the impact of the drivers of economic growth in developing countries. We modify the conventional neoclassical growth model to account for the impact of the increase in the number of people working relative to the total population and that of the increase in the value added per worker over time. Based on data from the World Bank for the 1995-2010 period and a sample of thirty-eight developing economies we find that the growth rate of per capita GDP is linearly dependent on technological progress, gross capital formation, the initial level of output per capita, and labour productivity …


Gender Gaps In Human Capital And Economic Growth In Developing Countries, Minh Dao Jan 2013

Gender Gaps In Human Capital And Economic Growth In Developing Countries, Minh Dao

Minh Dao

This paper examines the impact of gender gaps in human capital on economic growth in developing countries. Based on data from the World Bank for the 1990-2010 period and a sample of seventy-eight developing economies, we find that the growth rate of GDP per capita is dependent on gross capital formation, the changes in both male and female life expectancy, the change in the gap between male and female life expectancy, the change in the proportion of the population having access to improved sanitation services, population growth, and the GDP per capita in 2000. It is observed that the estimated …


The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao Jan 2013

The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao

Minh Dao

This paper examines the role of policy fundamentals in fostering economic growth in developing countries. Based on data from the World Bank for the 2000-2011 period and a sample of sixty-two developing economies we find that the growth rate of per capita GDP is dependent on a country’s investments in human capital as measured by the share of the public sector in total health expenditure and by the relative size of public education in the government’s budget, on an enabling business environment as measured by two Doing Business indicators, namely the cost of starting a business as a percent of …


Poverty In Agrarian Developing Economies, Minh Dao Jan 2013

Poverty In Agrarian Developing Economies, Minh Dao

Minh Dao

This paper examines the determinants of poverty in agrarian developing economies. Based on data from the World Bank and a sample of thirty agrarian developing economies we find that the fraction of the population below the national poverty line is linearly dependent on urbanization as measured by the fraction of the total population living in urban areas, the maternal mortality ratio, the level of development as measured by purchasing power parity per capita gross national income, and the fraction of births attended by skilled health staff. We observe that the coefficient estimate of one explanatory variable, namely, the fraction of …