Causal Flow between Human Well-being and per Capita Real Gross Domestic Product

Whether a country should try to improve human well-being of the masses or should concentrate solely on economic upliftment of the country is an alarming question in development economics. Survey of literature evidences a number of views in this respect. Present study uses the lagged dependent variable model to address the question. It attempts to find causal priority between human well-being and per capita gross real product (an indicator of economic achievement of a country). In this context it uses three core indicators of human well-being life expectancy at birth, infant survival rate and adult as well as three broad income groups: high, middle and low.