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Growth And Convergence: A Social Welfare Framework

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  • Quentin Wodon
  • Shlomo Yitzhaki

Abstract

This paper proposes a social welfare framework in which to analyze the relationships between growth, trends in inequality, mobility, and social welfare. An application of the framework to worldwide and regional data on per capita GDP suggests a lack of convergence at the world level, opposite trends in convergence in various regions of the world, and a fairly low level of mobility or re-ranking between countries over time. Copyright 2005 Blackwell Publishing Ltd.

Suggested Citation

  • Quentin Wodon & Shlomo Yitzhaki, 2005. "Growth And Convergence: A Social Welfare Framework," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(3), pages 443-454, September.
  • Handle: RePEc:bla:revinw:v:51:y:2005:i:3:p:443-454
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    Cited by:

    1. Donal O'Neill & Philippe Van Kerm, 2008. "An Integrated Framework For Analysing Income Convergence," Manchester School, University of Manchester, vol. 76(1), pages 1-20, January.
    2. Konstantin Gluschenko, 2010. "Price mobility of locations," Applied Economics Letters, Taylor & Francis Journals, vol. 17(1), pages 99-103, January.
    3. Shatakshee Dhongde & Jacques Silber, 2016. "On distributional change, pro-poor growth and convergence," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 14(3), pages 249-267, September.
    4. Manso, Carlos Alberto & Barreto, Flávio Ataliba & de França, João Mário, 2010. "Retornos da Educação e o Desequilíbrio Regional no Brasil," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 64(2), June.

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