Economic growth and social welfare : operationalising normative social choice theory / edited by Matthew Clarke and Sardar M.N. Islam

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Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Contributions to economic analysis ; Volume 262Publisher: Boston : Elsevier, 2004Edition: 1st edDescription: Online-RessourceISBN:

9781849508414
0444515658

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Bibliografie

Additional physical formats: 9780444515650 | Druckausg.: Economic growth and social welfare. 1. publ. Amsterdam : Elsevier, 2004. XVII, 284 S.RVK: RVK: QC 340LOC classification:

HD75

DOI: DOI: 10.1108/S0573-8555(2004)262Online resources:

Additional physical formats: Online-Ausg.Summary: 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 undertakenSummary: Introduction / Sardar M.N. Islam -- Economic growth and social welfare in Thailand / Sardar M.N. Islam -- Economic growth and social welfare : a hierarchical approach / Sardar M.N. Islam -- Contemporary development issues and economic growth / Sardar M.N. Islam -- Welfare analysis of economic growth on social welfare / Sardar M.N. Islam -- Conclusions and summary / Sardar M.N. Islam -- Economic growth and social welfare : an aggregate approach / Sardar M.N. Islam -- Empirical application of the aggregate approach / Sardar M.N. Islam. - 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 undertakenPPN: PPN: 66152812XPackage identifier: Produktsigel: ZDB-1-EPB | ZDB-55-BME | ZDB-1-BMEN

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