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Growth Rates vs Income Growth Curves: A Step towards the Measurement of Societal Progress

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Author Info

  • Paolo Roberti

    ()
    (Italian Institute of Statistics, Rome)

  • M. Grazia Calza

    ()
    (Italian Institute of Statistics, Rome)

  • Franco Mostacci

    ()
    (Italian Institute of Statistics, Rome)

  • Elisabetta Pugliese

    ()
    (University of Roma Tre)

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    Abstract

    Overall growth rates mean different things to different people. Hence, they can easily misrepresent what happens to living standards and "quality of life". This paper focuses on patterns and interrelationships between the size and the distribution of the dividends of growth, not on summary coefficients. The analysis is based on Income-Growth-Curves, which allow to re-connect the macro with the micro perspective and, hence, to plot "distributive vistas" which uncover not just how sustained growth was, but also the distribution of its dividends; and, consequently, to judge progress against a broader analytical approach centered on "quality" and "whose growth".

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    Bibliographic Info

    Article provided by SIPI Spa in its journal Rivista di Politica Economica.

    Volume (Year): 98 (2008)
    Issue (Month): 5 (September-October)
    Pages: 233-262

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    Handle: RePEc:rpo:ripoec:v:98:y:2008:i:5:p:233-262

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    Related research

    Keywords: poverty; inequality; growth; data needs and quality; macro and micro analysis;

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