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As Innovations Drive Economic Growth, Do they also Raise Well-Being?

Author

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  • Martin Binder
  • Ulrich Witt

Abstract

While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological externalities of innovations, argued to be inevitably. Another major reason lies in the fact that, as a result of innovations, preferences can change over time. Under such conditions, a time-consistent measuring rod for changes in well-being is hard to construct. Existing conceptions of well-being are shown not yet to solve the problem in a way that provides an unambiguous answer to the question in the title.

Suggested Citation

  • Martin Binder & Ulrich Witt, 2011. "As Innovations Drive Economic Growth, Do they also Raise Well-Being?," Papers on Economics and Evolution 2011-05, Philipps University Marburg, Department of Geography.
    • Handle: RePEc:esi:evopap:2011-05
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    Citations

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    Cited by:

    1. Safarzyńska, Karolina, 2013. "Evolutionary-economic policies for sustainable consumption," Ecological Economics, Elsevier, vol. 90(C), pages 187-195.
    2. Martin Binder, 2014. "Should evolutionary economists embrace libertarian paternalism?," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 515-539, July.
    3. Martin Binder, 2014. "Subjective Well-Being Capabilities: Bridging the Gap Between the Capability Approach and Subjective Well-Being Research," Journal of Happiness Studies, Springer, vol. 15(5), pages 1197-1217, October.
    4. Jiequn Liu & Francis Munier, 2019. "Innovation and Entrepreneurs’ Subjective Well-being The mediation effect of job satisfaction and satisfaction with work-life balance," Working Papers of BETA 2019-42, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Aldieri, Luigi & Bruno, Bruna & Vinci, Concetto Paolo, 2019. "Does environmental innovation make us happy? An empirical investigation," Socio-Economic Planning Sciences, Elsevier, vol. 67(C), pages 166-172.
    6. Mubashir Qasim, 2018. "Some Links between Sustainability and Well-Being," Working Papers in Economics 18/13, University of Waikato.
    7. Shukla, Jyoti & Yukutake, Norifumi & Tiwari, Piyush, 2021. "On Well-Being of Households in Japan and Post-Disaster Reinstatement," ADBI Working Papers 1214, Asian Development Bank Institute.
    8. Adele Parmentola & Antonella Petrillo & Ilaria Tutore & Fabio De Felice, 2022. "Is blockchain able to enhance environmental sustainability? A systematic review and research agenda from the perspective of Sustainable Development Goals (SDGs)," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 194-217, January.
    9. Wolfgang Kerber, 2014. "Soft Paternalismus und Verbraucherpolitik," MAGKS Papers on Economics 201449, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    10. Martin Binder, 2013. "Innovativeness and Subjective Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(2), pages 561-578, April.
    11. Ewa Genge, 2021. "LC and LC-IRT Models in the Identification of Polish Households with Similar Perception of Financial Position," Sustainability, MDPI, vol. 13(8), pages 1-22, April.

    More about this item

    Keywords

    innovations; growth; welfare; well-being; preference change Length 20 pages;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General

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