Exploring the Linkages between Productivity and Social Development in Market Economies
This paper explores the linkages between productivity and social development from the perspective of synthesizing the findings of projects undertaken by the Centre for the Study of Living Standards in three related areas. The first is a project exploring the linkages between productivity and social well-being involving researchers from around the world and culminating in the edited volume Toward a Social Understanding of Productivity. Contributions discuss both linkages from productivity to social well-being, as in the case of productivity's role in improving fiscal balances; and from social well-being to productivity, as in the case of social and cultural factors surrounding the desire and capacity of families to invest in the education of children having powerful long-term consequences in a knowledge-driven economy. The second area is the Index of Economic Well-being developed by the Centre for the Study of Living Standards. Each of the four components - consumption, stocks of wealth, equality and economic security - are positively affected by productivity, and some in addition can in turn positively affect productivity. The third area is statistical research into the relationship between productivity and poverty in developing countries. It is found that this relationship is even stronger than that between economic growth and poverty reduction, and about as important as that between GDP per capita growth and poverty reduction. It is also found that the level of income inequality mediates the relationship between productivity growth and poverty reduction. The greater the level of inequality and any increase in inequality, the less an increase in productivity and income will reduce poverty.
Year of publication: |
2004-02
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Authors: | Sharpe, Andrew |
Institutions: | Center for the Study of Living Standards (CSLS) |
Subject: | Productivity | Social Well-being | Social | Economic | Index of Economic Well-being | IEWB | Inequality | Poverty | Developing Countries | Market Economies | Development | Social Development | Growth |
Saved in:
freely available
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Number 2004-02 |
Classification: | P17 - Performance and Prospects ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O15 - Human Resources; Income Distribution; Migration ; I31 - General Welfare; Basic Needs; Quality of Life ; D30 - Distribution. General |
Source: |
Persistent link: https://www.econbiz.de/10005518938
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