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Del concepto de crecimiento económico al de desarrollo y bienestar de las naciones: Una aplicación a la Unión Europea
[From economic growth to development and welfare of nations: An application to the European Union]

Author

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  • Prada, Albino
  • Sanchez-Fernandez, Patricio

Abstract

In this paper, the attributes and variables that characterize the development and welfare of rich countries (EU27) are reviewed. The relationship between the wealth levels and some estimates using synthetic indices of social development is analyzed (SDI). For this purpose, we firstly use the indicators estimated by UNDP. Afterwards, we turn to complementary estimators using UNDP methodology and multivariate statistical methods (factor analysis and distance P2). Our main conclusion is that there is a mismatch between per capita GDP and social development indicators. This fact justifies a review of the key instruments used for assessing and comparing the levels of economic welfare. En este trabajo se revisan los atributos y variables que caracterizan el desarrollo y bienestar social en países de elevado nivel de riqueza (UE27). Se analiza la relación entre su posición en términos de riqueza material y la derivada de distintas estimaciones de índices sintéticos de desarrollo social (IDS). Para ello se utilizan, en primer lugar, los indicadores estimados por el PNUD. A continuación recurrimos a estimadores complementarios mediante la propia metodología PNUD y métodos estadísticos multivariantes y de distancias (análisis factorial y distancia P2). Nuestra conclusión principal es que el nivel de PIB per cápita y el de desarrollo social se muestran desacoplados, lo que justifica y motiva una revisión de los instrumentos dominantes a la hora de evaluar y comparar en el tiempo y el espacio los niveles de bienestar económico.

Suggested Citation

  • Prada, Albino & Sanchez-Fernandez, Patricio, 2014. "Del concepto de crecimiento económico al de desarrollo y bienestar de las naciones: Una aplicación a la Unión Europea [From economic growth to development and welfare of nations: An application to ," MPRA Paper 54764, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54764
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    References listed on IDEAS

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    Cited by:

    1. Albino Prada-Blanco & Patricio Sanchez-Fernandez, 2017. "Empirical Analysis of the Transformation of Economic Growth into Social Development at an International Level," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(3), pages 983-1003, February.
    2. Prada, Albino & Sanchez-Fernandez, Patricio, 2018. "Nivel de riqueza regional, bienestar y desarrollo [Regional wealth, well-being and development]," MPRA Paper 85801, University Library of Munich, Germany.

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    More about this item

    Keywords

    growth; welfare; economic development; synthetic indicators crecimiento; bienestar; desarrollo económico; indicadores sintéticos;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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