You are not logged in.

Measuring social welfare: application of social choice theory

Clarke, Matthew and Islam, Sardar M. N. 2003, Measuring social welfare: application of social choice theory, Journal of socio-economics, vol. 32, no. 1, pp. 1-15, doi: 10.1016/S1053-5357(03)00010-6.

Attached Files
Name Description MIMEType Size Downloads

Title Measuring social welfare: application of social choice theory
Author(s) Clarke, Matthew
Islam, Sardar M. N.
Journal name Journal of socio-economics
Volume number 32
Issue number 1
Start page 1
End page 15
Publisher Elsevier BV, North-Holland
Place of publication Netherlands
Publication date 2003-03
ISSN 1053-5357
1879-1239
Keyword(s) Welfare
Social choice
GDP
Systems analysis
Cost-benefit analysis
Summary This paper questions conventional approaches to measuring social welfare through gross domestic product (GDP). This paper is divided into two parts. The first part adopts a systems approach to development and incorporates this into the theory of social choice. The second part operationalises this approach through the development of a cost-benefit adjusted gross domestic product (CBAGDP) social welfare function, which overcomes certain limitations of this traditional measure of development. The CBAGDP is then used to estimate welfare in Thailand. This approach is justified because of its normative values and its plausible results.
Notes Available online 28 February 2003
Language eng
DOI 10.1016/S1053-5357(03)00010-6
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 0 Not Applicable
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©Elsevier Science Inc. 2003
Persistent URL http://hdl.handle.net/10536/DRO/DU:30004346

Document type: Journal Article
Collection: School of International and Political Studies
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 8 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 849 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 09:18:33 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.