Development Economics: A Foundation for HRD Policy Studies in Developing Countries

Wang, Greg G.; Korte, Russell; Sun, Jerry Chih‐Yuan

doi:10.1177/1523422308324666

Cited by 11 publications

(8 citation statements)

References 34 publications

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“…According to the definition of the World Bank, GDP represents the sum of value added by all its producers, while value added is the value of the gross output less the value of intermediate goods and services consumed in the process of production, before accounting for consumption of fixed capital in production. According to some authors [1,20], after the World War II, the main objective for advanced economies was to maintain a specific target of GDP growth, starting from the assumption that a high level of GDP will automatically bring in a higher level for economic welfare and quality of life. Subsequently, many scholars started to underline the differences between economic growth and sustainable development [1].…”

Section: The Country-level Governance Versus Economic Growth-backgroumentioning

confidence: 99%

The Bidirectional Causality between Country-Level Governance, Economic Growth and Sustainable Development: A Cross-Country Data Analysis

et al. 2018

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Abstract:In the context of contemporary society, characterized by the information users' growing and differentiated needs, the way country-level governance and social responsibility contribute to the ensuring of sustainable economic development is a concern for all the actors of the economic sphere. The aim of this paper is to test the causal linkages between the quality of country-level governance, economic growth and a well-known indicator of economic sustainable development, for a large panel of world-wide countries for a period of 10 years (2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015). While there are some prior studies that have argued the bidirectional causality between good public governance and economic development, this study intends to provide a new focus on the relationship between country-level governance and economic growth, on one hand, and between country-level governance and adjusted net savings, as a selected indicator of economic sustainable development, on the other hand. Four hypotheses on the causal relationship between good governance, economic growth and sustainable development were tested by using Granger non-causality tests. Our findings resulting from Granger non-causality tests provide reasonable evidence of Granger causality from country-level governance to economic growth, but from economic growth to country-level governance, the causality is not confirmed. In what regards the relationship between country-level governance and adjusted net savings, the bidirectional Granger causality is not confirmed. The main implication of our study is that improving economic growth and sustainable development is a very challenging issue, and the impact of macro-level factors such as country-level governance should not be neglected.

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Section: The Country-level Governance Versus Economic Growth-backgroumentioning

confidence: 99%

The Bidirectional Causality between Country-Level Governance, Economic Growth and Sustainable Development: A Cross-Country Data Analysis

et al. 2018

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“…In the period from the fifties to the eighties the dominant approach to development was based on orientation to increase the economic growth (Khan, 2007). After the World War II the main issue for developed countries was to maintain the economic growth while developing countries focused their attention on achieving the target of GDP growth which would, as it was assumed, automatically lead to a higher level of quality of life (Wang et al, 2008). Some scholars point out the difference between growth and development and scholars are slowly beginning to embrace these differences.…”

Section: From Economic Growth To Sustainable Developmentmentioning

confidence: 99%

Good Governance as a Tool of Sustainable Development

Stojanović¹,

Ateljevic²,

Stević³

2016

EJSD

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Growing concern about environmental degradation, disappointment with development efforts to reduce poverty and inequality on a global scale together with economic and socio-political instability has shifted focus from the model of economic growth to the new model of sustainable development. Despite the new orientation of development economics, the question on how to achieve sustainable development goals still remains. In order to avoid failure of the neoliberal agenda, the revised version of Washington Consensus focusing on good governance has taken the leading role in development policy. The aim of this research is to test the links between a fuzzy concept of good governance and very heterogonous dimensions of sustainable development. Our research aims to analyze the effects of good governance on particular indicators of sustainable development, especially of socioeconomic development, at the level of different categories of countries. This study reveals that statistical significance, direction and intensity of the effects of good governance dimensions vary in relation to the selected indicator of sustainable development and affiliation to the particular category of countries. These results suggest that there is no "one size fits all" model of good governance promoted as a universal mantra of sustainable development putting into question the principles of post-Washington consensus as the key response to modern developmental challenges.

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“…McLean's work was followed by Cho and McLean (2004), on empirical findings, Wang et al (2008), about developing countries, Wang (2008) studying critical aspects of the paradigm itself, Burkhardt and Bennett (2015) analyzing globalization and Tkachenko (2015) on the historical roots of the discipline. Nowadays, NHRD achieved worldwide statussearching in a large database such as EBSCO, HRD studies of national scope are found for the OECD countries and also for many developing countries such as China, India, South Africa, Botswana, the Arab Gulf States, Venezuela, Ukraine, Pacific Islands, Venezuela, Jamaica, Kuwait and Kyrgyzstan.…”

Section: Ejtd 437/8mentioning

confidence: 99%

The European social fund in the Visegrad countries in the 2007-2013 programming phase

Tomé

Tracz-Krupa

2019

EJTD

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Purpose The purpose of this paper is to define the impact of the investment in training in education by the European Social Fund (ESF) in four Eastern countries, namely, Poland, Hungary, Czech Republic and Hungary. Those countries have some political, cultural, social and economic similarities and share some common ground in the human resource development (HRD) sectors. Design/methodology/approach The authors use the human capital theory with some extensions to analyze the context, operations and impacts of the ESF in the Visegrad four (V4) countries between 2007 and 2013. The authors use three levels of methodology to access each one of those problems. Findings The authors conclude that the ESF helped building the vocational training system in those countries, and to help them get near the equilibrium of high skills of the V4 Western European neighbors, and therefore, this one was a success story. However, quality issues remain to be addressed that may hinder the continuation of the success in the future. Research limitations/implications The research could be enlarged in time and space and deepened in terms of methodology. This is one a first clarifying step. Theoretical work should become aware of the dichotomy between absorption and scientific logic. Practical implications Detailed and precise evaluation practices must be implemented to guide and assess the policy. Social implications Precisely because funds are scarce this paper enlights the dilemma and the tension between quantity and quality in the European HRD policy, this is an important social problem. Originality/value The study is original because even if the HRD in those countries had already been studied (Sheehan and Buchelt, 2016), no study analyzing specifically the ESF in those countries has been carried out so far. The authors use an innovative methodology and address questions on context, operations and impact, which are also innovative and very relevant.

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Development Economics: A Foundation for HRD Policy Studies in Developing Countries

Cited by 11 publications

References 34 publications

The Bidirectional Causality between Country-Level Governance, Economic Growth and Sustainable Development: A Cross-Country Data Analysis

The Bidirectional Causality between Country-Level Governance, Economic Growth and Sustainable Development: A Cross-Country Data Analysis

Good Governance as a Tool of Sustainable Development

The European social fund in the Visegrad countries in the 2007-2013 programming phase

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