Whatâ€™s Social Policy Got To Do With Economic Growth?
So whatâ€™s social policy got to do with economic growth? Quite a lot, it would appear, if one takes the results of cross-country growth regressions at face value, as they are by many social policy analysts, even as they criticize the findings of the economic policy part of the very same regressions. I argue that these regressions are deeply problematic, and are antithetical to social policy analystsâ€™ normal instincts on the importance of country and community specificity. At the same time, attempts to distinguish social policy from economic policy in terms of policy objectives is not very successful, while classifying policy instruments into economic or social also leaves a significant grey area. But the economic and social policy analysis literatures can indeed be distinguished in their approaches to understanding the mechanisms of policy transmission. Despite the difficulties of defining social policy analysis, except in contradistinction to economic policy analysis, both types of analysis are needed to advance understanding of policy impact and design of policy. The Bank should (i) play a lead role in developing and assessing such multidisciplinary approaches, (ii) move to a much more outcomes based system of aid allocation in recognition of the country-specific complexities of linkage between (economic or social) policy and outcomes, and (iii) understand itself better as an institution, and its institutional footprint in countries where it is a big player.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kanbur, Ravi, 2001.
"Economic Policy, Distribution and Poverty: The Nature of Disagreements,"
Elsevier, vol. 29(6), pages 1083-1094, June.
- Kanbur Ravi, 2001. "Economic Policy, Distribution and Poverty: The Nature of Disagreements," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 7(2), pages 1-26, April.
- Banerjee, Abhijit & Bardhan, Pranab & Basu, Kaushik, 2005.
"New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly,"
127128, Cornell University, Department of Applied Economics and Management.
- Abhijit Banerjee & Pranab Bardhan & Kaushik Basu & Ravi Kanbur & Dilip Mookherjee, 2005. "New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series DP-153, Boston University - Department of Economics.
- Dasgupta, Indraneel & Kanbur, Ravi, 2003. "Bridging Communal Divides: Separation, Patronage, Integration," Working Papers 127235, Cornell University, Department of Applied Economics and Management.
- George A. Akerlof & Rachel E. Kranton, 2000. "Economics And Identity," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 715-753, August.
- Dilip mookerhjee, 2005. "New Directions in Development Economics: Theory or Empirics? - Is There Too Little Theory in Development Economics?," Boston University - Department of Economics - Working Papers Series WP2005-028, Boston University - Department of Economics.
- Grusky, David & Kanbur, Ravi, 2004. "CONCEPTUAL FERMENT IN POVERTY AND INEQUALITY: The View from Economics and Sociology," Working Papers 127149, Cornell University, Department of Applied Economics and Management.
When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:366. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash)
If references are entirely missing, you can add them using this form.