You are not logged in.

The relationship between economic development and social welfare: A new adjusted GDP measure of welfare

Islam, Sardar M. N. and Clarke, Matthew 2002, The relationship between economic development and social welfare: A new adjusted GDP measure of welfare, Social indicators research, vol. 57, no. 2, pp. 201-228, doi: 10.1023/A:1014481414637.

Attached Files
Name Description MIMEType Size Downloads

Title The relationship between economic development and social welfare: A new adjusted GDP measure of welfare
Author(s) Islam, Sardar M. N.
Clarke, Matthew
Journal name Social indicators research
Volume number 57
Issue number 2
Start page 201
End page 228
Publisher Springer
Place of publication Dordrecht, Netherlands
Publication date 2002-02
ISSN 0303-8300
1573-0921
Keyword(s) GDP
development
Thailand
welfare
Summary Existing literature focuses on the issue of preparation of social welfare measurements on the basis of an unadjusted Gross Domestic Product (GDP). This paper extends this method to incorporate cost-benefit analysis of economic growth in a growing economy in calculating the adjusted GDP, termed as the cost-benefit (CB)-adjusted GDP. This approach is empirically applied to Thailand. There are stark differences between GDP per capita and CB adjusted GDP per capita rates for this period.This paper concludes that GDP can be used as an indicator of social welfare if the GDP estimates are undertaken within a cost-benefit analysis framework.
Language eng
DOI 10.1023/A:1014481414637
Field of Research 140202 Economic Development and Growth
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2002, Kluwer Academic Publishers
Persistent URL http://hdl.handle.net/10536/DRO/DU:30009425

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 8 times in TR Web of Science
Scopus Citation Count Cited 22 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 2339 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 13 Oct 2008, 16:00:22 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.