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Key underlying concepts of shared prosperity: insights from a literature review

Author

Listed:
  • Navid Khan

    (Kunming University of Science and Technology)

  • Ke Xing

    (Kunming University of Science and Technology)

  • Salman Mahmood

    (Southwest Forestry University)

  • Riaz Ahmad

    (Qilu Institute of Technology)

Abstract

“Shared prosperity”—a social objective that all nations should pursue—has gained increasing importance in the discussion of development policy. Promotion of it has been endorsed as one of two fundamental goals meant to guide the World Bank in all its endeavours. The juncture between shared prosperity (for the sake of this paper we will use the terms shared prosperity and inclusive growth interchangeably) and poverty alleviation is appealing to a growing number of scholars and practitioners. Although a subject of increasing importance, shared prosperity has been relatively less studied and less conceptualized to date. In this paper we intend to (1) study existing research on “shared prosperity” and, on the basis of this existing research (2) identify key underlying concepts of shared prosperity. On the basis of the outcomes of this study a number of guidelines are suggested for future research which may encourage further research work in this novel area of study.

Suggested Citation

  • Navid Khan & Ke Xing & Salman Mahmood & Riaz Ahmad, 2024. "Key underlying concepts of shared prosperity: insights from a literature review," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(3), pages 727-751, September.
    • Handle: RePEc:spr:inrvec:v:71:y:2024:i:3:d:10.1007_s12232-024-00464-9
    DOI: 10.1007/s12232-024-00464-9
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    More about this item

    Keywords

    B40; Inclusive growth; Literature review; Poverty; Shared prosperity; Social inclusion;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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