RIQUEZA EXTREMA Y DESARROLLO ECONOMICO CON ESPECIAL ENFASIS EN MEXICO Y CHINA.

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  • Additional Information
    • Alternate Title:
      EXTREME WEALTH AND ECONOMIC DEVELOPMENT WITH SPECIAL EMPHASIS ON MEXICO AND CHINA.
    • Subject Terms:
      ECONOMIC development; HUMAN Development Index; ECONOMIC liberty; DEMOCRACY; COUNTRIES
    • Subject Terms:
      MEXICO; CHINA
    • Abstract:
      El objetivo del documento es determinar el efecto de la riqueza extrema en el desarrollo económico (índice de desarrollo humano y subíndices) en 64 países durante 2005-2018, con especial énfasis en México y China. Se sigue una estimación dinámica (sys-GMM). Se estima que la riqueza extrema nacional actúa como una restricción del desarrollo humano para la muestra total de países, incluidos México y China. Se halla que los ingresos son más sensibles a este tipo de riqueza, seguidos por el índice de educación. El análisis confirma que la democracia, libertad económica, inversión y gasto social son factores subyacentes del IDH. [ABSTRACT FROM AUTHOR]
    • Abstract:
      The aim of the paper is to determine the effect of extreme wealth on economic development (human development index and sub-indices) in 64 countries during 2005-2018, with special emphasis on Mexico and China. A dynamic estimation (sys-GMM) is followed. Estimations show that extreme national wealth acts as a constraint on human development for the entire sample of countries, including Mexico and China. Income is found to be most sensitive to this type of wealth, followed by the education index. The analysis confirms that democracy, economic freedom, investment and social spending are underlying factors of HDI. [ABSTRACT FROM AUTHOR]
    • Abstract:
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