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Economic Institutions and Social Progress

Author

Listed:
  • Daniel C. Fehder
  • Michael E. Porter
  • Scott Stern

Abstract

Combining data from the social progress index and measures of economic institutions and performance, our analysis focuses on how changes in economic institutions and performance are related to subsequent changes in social progress (noneconomic dimensions of societal performance). We document a positive relationship between improved economic performance and subsequent social progress improvements, a separate impact of improved economic institutions on aspects of social progress that involve individual investment (such as education and health), and a noisy relationship between economic factors and those aspects of social progress related to issues of individual freedom and social inclusion.

Suggested Citation

  • Daniel C. Fehder & Michael E. Porter & Scott Stern, 2019. "Economic Institutions and Social Progress," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 350-356, May.
    • Handle: RePEc:aea:apandp:v:109:y:2019:p:350-56
    Note: DOI: 10.1257/pandp.20191081
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    Cited by:

    1. Jesús Peiró-Palomino & Andrés J. Picazo-Tadeo & Vicente Rios, 2020. "Social Progress Around the World: Measurement, Evolution and Convergence," Working Papers 2006, Department of Applied Economics II, Universidad de Valencia.

    More about this item

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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