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Transforming Economic Growth into Inclusive Development: An International Analysis

Author

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  • Albino Prada

    (ECOBAS - University of Vigo)

  • Patricio Sánchez-Fernández

    (GEN - University of Vigo)

Abstract

This paper conducts a critical analysis on growth and development in world countries. Using different dimensions featured in the development of several synthetic indexes, it analyzes the relationship between wealth and development estimates. It therefore uses the indicator developed by the World Development Forum, the Inclusive Development Index, turned into complementary economic estimators for different scenarios. Its results allow us to identify key factors for robust synthetic indicators and detect the dimensions and variables of development that have a greater impact on the ranking of countries.

Suggested Citation

  • Albino Prada & Patricio Sánchez-Fernández, 2019. "Transforming Economic Growth into Inclusive Development: An International Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(1), pages 437-457, August.
    • Handle: RePEc:spr:soinre:v:145:y:2019:i:1:d:10.1007_s11205-019-02096-x
    DOI: 10.1007/s11205-019-02096-x
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    Cited by:

    1. Albino Prada & Patricio Sanchez-Fernandez, 2021. "World Child Well-Being Index: A Multidimensional Perspective," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 14(6), pages 2119-2144, December.
    2. Christoph Dörffel & Sebastian Schuhmann, 2022. "What is Inclusive Development? Introducing the Multidimensional Inclusiveness Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(3), pages 1117-1148, August.

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    More about this item

    Keywords

    Growth; Development; UNDP; World Economic Forum; Synthetic indicators;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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