IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/54764.html
   My bibliography  Save this paper

Del concepto de crecimiento económico al de desarrollo y bienestar de las naciones: Una aplicación a la Unión Europea
[From economic growth to development and welfare of nations: An application to the European Union]

Author

Listed:
  • Prada, Albino
  • Sanchez-Fernandez, Patricio

Abstract

In this paper, the attributes and variables that characterize the development and welfare of rich countries (EU27) are reviewed. The relationship between the wealth levels and some estimates using synthetic indices of social development is analyzed (SDI). For this purpose, we firstly use the indicators estimated by UNDP. Afterwards, we turn to complementary estimators using UNDP methodology and multivariate statistical methods (factor analysis and distance P2). Our main conclusion is that there is a mismatch between per capita GDP and social development indicators. This fact justifies a review of the key instruments used for assessing and comparing the levels of economic welfare. En este trabajo se revisan los atributos y variables que caracterizan el desarrollo y bienestar social en países de elevado nivel de riqueza (UE27). Se analiza la relación entre su posición en términos de riqueza material y la derivada de distintas estimaciones de índices sintéticos de desarrollo social (IDS). Para ello se utilizan, en primer lugar, los indicadores estimados por el PNUD. A continuación recurrimos a estimadores complementarios mediante la propia metodología PNUD y métodos estadísticos multivariantes y de distancias (análisis factorial y distancia P2). Nuestra conclusión principal es que el nivel de PIB per cápita y el de desarrollo social se muestran desacoplados, lo que justifica y motiva una revisión de los instrumentos dominantes a la hora de evaluar y comparar en el tiempo y el espacio los niveles de bienestar económico.

Suggested Citation

  • Prada, Albino & Sanchez-Fernandez, Patricio, 2014. "Del concepto de crecimiento económico al de desarrollo y bienestar de las naciones: Una aplicación a la Unión Europea
    [From economic growth to development and welfare of nations: An application to
    ," MPRA Paper 54764, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:54764
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/54764/1/MPRA_paper_54764.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/55033/1/MPRA_paper_54764.pdf
    File Function: revised version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/55033/8/MPRA_paper_55033.pdf
    File Function: revised version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Nayak, Purusottam & Mishra, SK, 2012. "Efficiency of Pena’s P2 Distance in Construction of Human Development Indices," MPRA Paper 39022, University Library of Munich, Germany.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    3. J.-P. Boissin & A. Fayolle & Karim Messeghem, 2012. " Editorial ," Post-Print halshs-00783612, HAL.
    4. Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The "Economic" Aspects Of Well-Being?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, June.
    5. D. Haughton & Chr. Biernacki & A. Lendasse & E. Masson & E. Severin, 2011. "Editorial," Post-Print hal-00801860, HAL.
    6. Lafuente Lechuga , Matilde & Faura Martínez, Úrsula, 2012. "Estudio de la vulnerabilidad a la exclusión social por Comunidades Autónomas en España (2005-2009)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 23, pages 105-124.
    7. Sagar, Ambuj D. & Najam, Adil, 1998. "The human development index: a critical review," Ecological Economics, Elsevier, vol. 25(3), pages 249-264, June.
    8. N/A, 2011. "Editorial," Journal of Interdisciplinary Economics, , vol. 23(3-4), pages 1-1, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Albino Prada-Blanco & Patricio Sanchez-Fernandez, 2017. "Empirical Analysis of the Transformation of Economic Growth into Social Development at an International Level," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(3), pages 983-1003, February.
    2. Prada, Albino & Sanchez-Fernandez, Patricio, 2018. "Nivel de riqueza regional, bienestar y desarrollo
      [Regional wealth, well-being and development]
      ," MPRA Paper 85338, University Library of Munich, Germany.

    More about this item

    Keywords

    growth; welfare; economic development; synthetic indicators crecimiento; bienestar; desarrollo económico; indicadores sintéticos;

    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 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P44 - 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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:54764. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.