Riqueza extrema y desarrollo económico con especial énfasis en México y China

Ana Lilia Valderrama Santibañez; Hector Flores Márquez; Omar Neme Castillo

doi:10.4067/S0718-88702023000200101

Authors

Ana Lilia Valderrama Santibañez Instituto Politécnico Nacional. Escuela Superior de Economía Sección de Estudios de Posgrado e Investigación
Hector Flores Márquez Facultad de Economía de la Benemérita Universidad Autónoma de Puebla
Omar Neme Castillo Instituto Politécnico Nacional. Escuela Superior de Economía Sección de Estudios de Posgrado e Investigación

DOI:

https://doi.org/10.4067/S0718-88702023000200101

Keywords:

Extreme Wealth, Human Development Index, Democracy, Economic Freedom

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.

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