Overview
- 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
Part of the book series: Themes in Economics (THIE)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (8 chapters)
Keywords
About this book
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.
Reviews
“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)
Authors and Affiliations
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.
Bibliographic Information
Book Title: Measuring Development
Book Subtitle: An Inequality Dominance Approach
Authors: Asis Kumar Banerjee
Series Title: Themes in Economics
DOI: https://doi.org/10.1007/978-981-15-6161-0
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-6160-3Published: 25 June 2020
Softcover ISBN: 978-981-15-6163-4Published: 25 June 2021
eBook ISBN: 978-981-15-6161-0Published: 24 June 2020
Series ISSN: 2730-5597
Series E-ISSN: 2730-5600
Edition Number: 1
Number of Pages: XXI, 230
Number of Illustrations: 1 b/w illustrations
Topics: Development Economics, Economic Growth, Social Policy