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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.

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
    DOI: 10.1111/j.1475-4991.2005.00162.x
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    Cited by:

    1. Ciprian Ionel Turturean & Ciprian Chirilă & Viorica Chirilă, 2022. "The Convergence in the Sustainability of the Economies of the European Union Countries between 2006 and 2016," Sustainability, MDPI, vol. 14(16), pages 1-34, August.
    2. Elham Vafaei & Parviz Mohammadzadeh & Hossein Asgharpour, 2019. "The Evaluation of Suitability of Spatial Error STAR Model for Modeling Convergence of Social Welfare of Iran's Provinces," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 23(1), pages 47-62, Winter.
    3. Konstantin Gluschenko, 2010. "Price mobility of locations," Applied Economics Letters, Taylor & Francis Journals, vol. 17(1), pages 99-103, January.
    4. 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.
    5. 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.
    6. 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, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(2), June.

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