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Social Progress Around the World: Measurement, Evolution and Convergence

Author

Listed:
  • Jesús Peiró-Palomino

    (University of Valencia and INTECO)

  • Andrés J. Picazo-Tadeo

    (University of Valencia and INTECO)

  • Vicente Rios

    (Public University of Navarre)

Abstract

This paper develops a new composite index to measure social progress in 139 countries over the period 1995-2017; notably, it allows for comparisons across countries and over time. The index considers 45 raw variables covering three fundamental pillars of social progress; namely, basic human needs, foundations of well-being, and opportunities. The results point to a marked improvement in social progress all over the world from the mid-1990s, although they also paint a picture of a highly polarized world. Cross-country convergence patterns are also investigated, revealing a reduction in the differences in social progress, largely driven by the narrowing of the gap in basic human needs. Conversely, sizeable cross-country disparities remain in foundations of well-being and oppor- tunities. The analysis also accounts for people, and shows that social progress has improved for a large share of the world’s population due to the remarkable advances of some highly populated countries.

Suggested Citation

  • Jesús Peiró-Palomino & Andrés J. Picazo-Tadeo & Vicente Rios, 2020. "Social Progress Around the World: Measurement, Evolution and Convergence," Working Papers 2006, Department of Applied Economics II, Universidad de Valencia.
  • Handle: RePEc:eec:wpaper:2006
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    More about this item

    Keywords

    Convergence; Composite index; Social progress; World;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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