IDEAS home Printed from https://ideas.repec.org/a/spr/intere/v54y2019i3d10.1007_s10272-019-0819-y.html
   My bibliography  Save this article

Inclusive Growth — Institutions Matter!

Author

Listed:
  • Michael Grömling

    (Institut der deutschen Wirtschaft Köln)

  • Hans-Peter Klös

    (Institut der deutschen Wirtschaft Köln)

Abstract

The aim of the concept of inclusive growth is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefit from the economic progress of a country. On the one hand, this initiative continues the long-running debate on alternative welfare measures beyond GDP-per-capita. On the other, the discussion on the relationship between growth and distribution is being revitalised. This article deals with the potentials and limitations of the concept of inclusive growth. Conventional inclusive growth concepts are less embedded within a growth context and not focused on political frameable institutions. The indicators focus on results or outcome rather than on growth drivers. In addition, outcome variables are mixed with supply-side indicators. Therefore, the conventional concepts should be further developed into an institution-oriented ‘inclusive growth accounting’ with a focus on the growth factors of labour, education and capital.

Suggested Citation

  • Michael Grömling & Hans-Peter Klös, 2019. "Inclusive Growth — Institutions Matter!," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(3), pages 184-192, May.
    • Handle: RePEc:spr:intere:v:54:y:2019:i:3:d:10.1007_s10272-019-0819-y
    DOI: 10.1007/s10272-019-0819-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10272-019-0819-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10272-019-0819-y?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schydlowsky, Daniel M., 2020. "Prudential regulations for greening the financial system: Coping with climate disasters," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 1(1).

    More about this item

    Statistics

    Access and download statistics

    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:spr:intere:v:54:y:2019:i:3:d:10.1007_s10272-019-0819-y. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.