Measuring Development: An Inequality Dominance Approach: Themes in Economics
Autor Asis Kumar Banerjeeen Limba Engleză Paperback – 25 iun 2021
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.
- Prof. Prasanta K. Pattanaik, University of California, Riverside, California, U.S.A.
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Specificații
ISBN-13: 9789811561634
ISBN-10: 981156163X
Ilustrații: XXI, 230 p. 1 illus.
Dimensiuni: 155 x 235 mm
Greutate: 0.36 kg
Ediția:1st ed. 2020
Editura: Springer Nature Singapore
Colecția Springer
Seria Themes in Economics
Locul publicării:Singapore, Singapore
ISBN-10: 981156163X
Ilustrații: XXI, 230 p. 1 illus.
Dimensiuni: 155 x 235 mm
Greutate: 0.36 kg
Ediția:1st ed. 2020
Editura: Springer Nature Singapore
Colecția Springer
Seria Themes in Economics
Locul publicării:Singapore, Singapore
Cuprins
Chapter 1: Introduction.- Chapter 2: Towards an Inequality-Sensitive Measure of Development: The Unidimensional Case.- Chapter 3: Unidimensional Development Ranking and Fuzzy Lorenz Dominance.- Chapter 4: Illustrative Applications of Unidimensional Development Indices.- Chapter 5: Multidimensional Lorenz dominance.- Chapter 6: Multidimensional Inequality-Sensitive Development Ranking.- Chapter 7: An Illustration: Multidimensional Development and Inter-State Inequality in India in the 2000s.- Chapter 8: Overview and Concluding Remarks.
Recenzii
“Asis Banerjee's book is one that anyone working in the area should, in the least, have an opinion of. The importance of taking inequality seriously in development measures is rightfully championed by the author, and the difficultly of achieving robust rankings highlights the potential for much future work.” (Aaron Nicholas, Economic Record, Vol. 97 (317), June, 2021)
“The book is a notable addition to an area of normative economics that has assumed renewed prominence in the context of rising dissatisfaction with the vaunted gains of globalization.” (Soumyen Sikdar, Journal of Quantitative Economics, Vol. 18, 2020)
“The book is a notable addition to an area of normative economics that has assumed renewed prominence in the context of rising dissatisfaction with the vaunted gains of globalization.” (Soumyen Sikdar, Journal of Quantitative Economics, Vol. 18, 2020)
Notă biografică
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.
Textul de pe ultima copertă
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.
Caracteristici
Develops a new method for ranking economies in terms of their levels of development Obtains robust rankings but has the disadvantage of the possibility (though not the inevitability) of ranking failures, while the existing approach guarantees complete rankings but means having to use a specific index Provides illustrative empirical applications to show that using the proposed method ,the conditions under which a given pair of economies can be ranked are satisfied in many practical situations