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.
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.
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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.
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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.
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Produktdetaljer
ISBN
9780444515650
Publisert
2004-03-18
Utgiver
Vendor
Elsevier Science Ltd
Vekt
610 gr
Høyde
234 mm
Bredde
156 mm
Dybde
19 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
308