IDEAS home Printed from https://ideas.repec.org/a/bpj/cferev/v11y2022i2p23-45n8.html
   My bibliography  Save this article

Theoretical Connotation and Quantitative Measurement of Common Prosperity

Author

Listed:
  • Wan Haiyuan
  • Chen Jiping

    (Professor of the Business School of Beijing Normal University, Beijing, China)

Abstract

It is of great importance to fully understand the connotation of and identify a quantitative method to measure common prosperity in China. This paper starts with a theoretical framework of fairness, efficiency, development, and shared prosperity, draws upon the proper understanding of common prosperity with Chinese characteristics, and explores a globally quantitative measurement of common prosperity, with a focus on the outcomes of national prosperity and prosperity for all. Furthermore, this paper discusses the assumptions and mathematical expressions of the quantitative function and analyzes the structural implications of indicator dimensions, functional relations, and variable standardization to ultimately provide a solid quantitative foundation for promoting common prosperity. The findings show that the quantitative measurement of common prosperity proposed in this paper performs stably in terms of weights, thresholds, and indicator settings. Based on the data of 162 economies collected between 1990 and 2020, this paper finds that China has made great progress in promoting common prosperity, which showcases the strengths of the country’s socialist system.

Suggested Citation

  • Wan Haiyuan & Chen Jiping, 2022. "Theoretical Connotation and Quantitative Measurement of Common Prosperity," China Finance and Economic Review, De Gruyter, vol. 11(2), pages 23-45, September.
    • Handle: RePEc:bpj:cferev:v:11:y:2022:i:2:p:23-45:n:8
    DOI: 10.1515/cfer-2022-0008
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/cfer-2022-0008
    Download Restriction: no
    File URL: https://libkey.io/10.1515/cfer-2022-0008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:cferev:v:11:y:2022:i:2:p:23-45:n:8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.