Abstract
The Human Development Index (HDI), which measures a country’s human development level, considering the health, education and income indicators of countries has been published in the Human Development Report each year since 1990 by the United Nations Development Programme. Norway, which is a highly developed country, was at the top of the Human Development Index. Therefore, the aim of this study is to evaluate Norway’s human development performance. In this context, the relationship between human development and economic growth has been examined at empirical level for Norway for the period between 1990-2017. In the study, firstly, ADF and PP unit root tests were performed. Then, Granger causality analysis was applied. According to the results of Granger causality analysis there is a one-way causality relationship from human development to economic growth.
Highlights
Economic growth and development has taken place among the goals of states
The Human Development Reports which is published by the United Nations Development Programme (UNDP) every year since 1990, show both the development status of the countries and assist in how to eliminate the failures and deficiencies in the path to the development target (Uçan & Koçak, 2018: 56)
The aim of this study is to examine the relationship between economic growth and human development in Norway empirically for the period 1990-2017
Summary
Economic growth and development has taken place among the goals of states. While the concept of growth is limited to only economic indicators, development which is the main goal that many countries want to achieve today, is a multidimensional concept that includes a country’s economic, social, political, cultural and structural changes (Bolat & Çilan, 2007: 223-224; Öztürk, 2016: 3403). Human development which can be defined as enlarging people’s choices to ensure a longer, healthier and more satisfying life has come to the forefront as the main goals of development and its relationship with economic growth has become a central issue. Because it is accepted that healthier and more educated people contribute more to the increase in economic growth performance
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