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Economic Growth and Social Welfare Matthew Clarke

Economic Growth and Social Welfare By Matthew Clarke

Economic Growth and Social Welfare by Matthew Clarke


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Summary

This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. These relationships are analysed in this book by operationalising normative social choice theory, with aggregate and hierarchical approaches developed and empirically applied.

Economic Growth and Social Welfare Summary

Economic Growth and Social Welfare: Operationalising Normative Social Choice Theory by Matthew Clarke

This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These relationships are analysed in this book by operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly incorporates society's preferences, values and choices in determining how social welfare should be defined and measured. Two approaches, aggregate and hierarchical, are developed and empirically applied to Thailand for a twenty-five year period 1975-1999. This book concludes that in terms of social welfare, economic growth cannot always be assumed desirable. What is needed is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken.

Economic Growth and Social Welfare Reviews

Operationalizes normative soical choice theory to explore the relationship between economic growth and social welfare, focusing on the case of Thailand over the period of 1975-79. Journal of Economic Literature, 2004.

About Matthew Clarke

Dr. Matthew Clarke is Research Fellow at Victoria University, Australia. He has published a large number of articles in the areas of development economics, environmental economics, and health economics Dr. Sardar M N Islam is Director, Sustainable Growth Program, Centre for Strategic Economic Studies, Victoria University, Australia. He is also associated with the Financial Modelling Program and the Law and Economics Program there. He has published 11 books and research monographs and more than 150 technical papers in Finance, Economics, Corporate Governance, and E-Commerce.

Table of Contents

Abbreviated. Chapter 1: Introduction. Chapter 2: Economic growth and social welfare in Thailand. Chapter 3: Economic growth and social welfare: an aggregate approach. Chapter 4: Empirical application of the aggregate approach. Chapter 5: Economic growth and social welfare: A hierarchical approach. Chapter 6: Contemporary development issues and economic growth. Chapter 7: Welfare analysis of economic growth on social welfare. Chapter 8: Conclusion and summary. Subject index.

Additional information

NPB9780444515650
9780444515650
0444515658
Economic Growth and Social Welfare: Operationalising Normative Social Choice Theory by Matthew Clarke
New
Hardback
Emerald Publishing Limited
2004-03-18
308
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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