Economic Growth and Social Welfare

Operationalising Normative Social Choice Theory

AvMatthew Clarke,Sardar M. N. Islam

Inbunden, Engelska, 2004

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Beskrivning

This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These relationships are analysed in this book by operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly incorporates society's preferences, values and choices in determining how social welfare should be defined and measured. Two approaches, aggregate and hierarchical, are developed and empirically applied to Thailand for a twenty-five year period 1975-1999. This book concludes that in terms of social welfare, economic growth cannot always be assumed desirable. What is needed is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken.

Produktinformation

Utgivningsdatum:2004-03-18
Mått:156 x 234 x 19 mm
Vikt:610 g
Format:Inbunden
Språk:Engelska
Serie:Contributions to Economic Analysis
Antal sidor:308
Förlag:Emerald Publishing Limited
ISBN:9780444515650

Utforska kategorier

Socialt arbete och välfärd inom Samhälle och politik

Mer om författaren

Dr. Matthew Clarke is Research Fellow at Victoria University, Australia. He has published a large number of articles in the areas of development economics, environmental economics, and health economics Dr. Sardar M N Islam is Director, Sustainable Growth Program, Centre for Strategic Economic Studies, Victoria University, Australia. He is also associated with the Financial Modelling Program and the Law and Economics Program there. He has published 11 books and research monographs and more than 150 technical papers in Finance, Economics, Corporate Governance, and E-Commerce.

Recensioner i media

Operationalizes normative soical choice theory to explore the relationship between economic growth and social welfare, focusing on the case of Thailand over the period of 1975-79. Journal of Economic Literature, 2004.

Innehållsförteckning

Abbreviated. Chapter 1: Introduction. Chapter 2: Economic growth and social welfare in Thailand. Chapter 3: Economic growth and social welfare: an aggregate approach. Chapter 4: Empirical application of the aggregate approach. Chapter 5: Economic growth and social welfare: A hierarchical approach. Chapter 6: Contemporary development issues and economic growth. Chapter 7: Welfare analysis of economic growth on social welfare. Chapter 8: Conclusion and summary. Subject index.