Social Welfare Functions and Development (PDF)
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Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question.
This study develops indicators that are sensitive to both the level and the distribution of individuals' capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space.
Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affectingthe capacities of people to enjoy a better life.
Hyun Hwa Son is Principal Evaluation Specialist in the Independent Evaluation Department of the Asian Development Bank (ADB), Philippines, having previously worked as a poverty economist at the United Nations Development Programme. She has held an academic position at Macquarie University in Sydney, Australia, and published extensively on poverty, inequality, pro-poor growth, inclusive growth, education and health.
- Autoren: Nanak Kakwani , Hyun Hwa Son
- 2016, 1st ed. 2016, 355 Seiten, Englisch
- Verlag: Palgrave Macmillan
- ISBN-10: 1137583258
- ISBN-13: 9781137583253
- Erscheinungsdatum: 30.06.2016
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