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Macroeconomics, Human Development, and Distribution

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  • Stephanie Seguino

Abstract

Policies designed to pursue an equity-led macroeconomic growth strategy must take into account feedback effects, with distribution itself influencing macroeconomic outcomes. Under the right conditions, a more equitable distribution of income and opportunities in the form of human development can be a stimulus to growth, funding further investments in human development. Developing the policies to create those conditions is the central challenge for any human development-centered macroeconomic framework. I review here some macro-level policies that achieve this goal, identifying a key role for fiscal policy to raise productivity and for monetary policy to expand employment, a central goal of any macro-inclusive strategy.

Suggested Citation

  • Stephanie Seguino, 2012. "Macroeconomics, Human Development, and Distribution," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 59-81, February.
    • Handle: RePEc:taf:jhudca:v:13:y:2012:i:1:p:59-81
    DOI: 10.1080/19452829.2011.637376
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    1. Robert Pollin & Gerald Epstein & James Heintz & Léonce Ndikumana, 2009. "An Employment-Targeted Economic Program for South Africa," Palgrave Macmillan Books, in: Terry McKinley (ed.), Economic Alternatives for Growth, Employment and Poverty Reduction, chapter 11, pages 227-240, Palgrave Macmillan.
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    Cited by:

    1. Özlem Onaran, 2019. "Equality‐led Development and the Demand‐ and Supply‐side Effects," Development and Change, International Institute of Social Studies, vol. 50(2), pages 445-457, March.
    2. Oyvat, Cem & Onaran, Özlem, 2022. "The effects of social infrastructure and gender equality on output and employment: The case of South Korea," World Development, Elsevier, vol. 158(C).
    3. Hiroshi Nishi & Kazuhiro Okuma, 2023. "Fiscal policy and social infrastructure provision under alternative growth and distribution regimes," Evolutionary and Institutional Economics Review, Springer, vol. 20(2), pages 259-286, September.
    4. Stephanie Seguino, 2017. "Engendering Macroeconomic Theory and Policy," World Bank Publications - Reports 28951, The World Bank Group.
    5. Eckhard Hein, 2020. "Gender Issues in Kaleckian Distribution and Growth Models: On the Macroeconomics of the Gender Wage Gap," Review of Political Economy, Taylor & Francis Journals, vol. 32(4), pages 640-664, October.
    6. Brenda Spotton Visano, 2017. "Gendering Post-Keynesian Monetary Macroeconomics With Situated Knowledge," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 567-573, December.
    7. Bose, Sukanya & Banerjee, Saikat, 2025. "Social Spending and Fiscal Policy in India: Towards an Alternate Macro-Fiscal Framework Integrating Human Development," Working Papers 25/422, National Institute of Public Finance and Policy.
    8. Valeria Cirillo & Marcella Corsi & Carlo D’Ippoliti & Lucio Gobbi, 2024. "Asymmetric effects of macro policies on women’s and men’s incomes. An empirical investigation of the eurozone crisis in a gender perspective," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 327-359, July.
    9. Onaran, Özlem & Oyvat, Cem, 2023. "The effects of public spending in the green and the care economy: the case of South Korea," Greenwich Papers in Political Economy 38766, University of Greenwich, Greenwich Political Economy Research Centre.

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