Measuring Development: An Inequality Dominance Approach (Themes in Economics) - Softcover

Book 4 of 5: Themes in Economics

Banerjee, Asis Kumar

 
9789811561634: Measuring Development: An Inequality Dominance Approach (Themes in Economics)
Softcover
ISBN 10: 981156163X ISBN 13: 9789811561634
Publisher: Springer, 2021

Synopsis

This book discusses how to measure the level of development of an economy, particularly, the task of ranking economies in terms of their development. In this context, development is defined as an increase in people’s level of wellbeing. The book emphasises that wellbeing is a multidimensional concept, and that it is important to ask how equitably the fruits of development are distributed, and as such it focuses on multidimensional, inequality-sensitive development ranking. Rather than using various specific development indices, which would lead to different development rankings for a country, the book proposes a dominance approach, which formulates conditions under which two economies can be ranked unambiguously, making it valid for all reasonable development indices. With the help of illustrative examples using real-world data, it demonstrates that such unambiguous rankings are possible, and that the proposed approach can be used to complement traditional approaches. An invaluable resource for researchers working in the field of development, the book will also appeal to practitioners engaged in measuring development.


An excerpt from the book's Foreword:
"[This book] is a comprehensive and valuable contribution to the literature on the measurement of inequality and the use of such measurement in the assessment of social welfare. I believe that it will be of much interest to researchers working on measures of inequality and social welfare as well as advanced graduate students who are looking for a solid introduction to this important area of normative economics."
-          Prof. Prasanta K. Pattanaik, University of California, Riverside, California, U.S.A.

"synopsis" may belong to another edition of this title.

About the Author

Asis Kumar Banerjee is a former Vice-Chancellor and a former Professor of Economics at the University of Calcutta. He holds an M.A. in Economics from the same university, and a Ph.D. in Economics from Johns Hopkins University. He has been associated with Presidency College, Calcutta; the Indian Statistical Institute, New Delhi; and the University of California, Riverside, California. His research interests include welfare economics, game theory and economic development. 

From the Back Cover

This book discusses how to measure the level of development of an economy, particularly, the task of ranking economies in terms of their development. In this context, development is defined as an increase in people’s level of wellbeing. The book emphasises that wellbeing is a multidimensional concept, and that it is important to ask how equitably the fruits of development are distributed, and as such it focuses on multidimensional, inequality-sensitive development ranking. Rather than using various specific development indices, which would lead to different development rankings for a country, the book proposes a dominance approach, which formulates conditions under which two economies can be ranked unambiguously, making it valid for all reasonable development indices. With the help of illustrative examples using real-world data, it demonstrates that such unambiguous rankings are possible, and that the proposed approach can be used to complement traditional approaches. An invaluable resource for researchers working in the field of development, the book will also appeal to practitioners engaged in measuring development.

"About this title" may belong to another edition of this title.

Publisher
Springer
Publication date
2021
Language
English
ISBN 10 
981156163X
ISBN 13 
9789811561634
Binding
Paperback
Edition number
1
Number of pages
251

Other Popular Editions of the Same Title

9789811561603: Measuring Development: An Inequality Dominance Approach (Themes in Economics)

Featured Edition

ISBN 10:  9811561605 ISBN 13:  9789811561603
Publisher: Springer, 2020
Hardcover