Indicators of economic development – an exploratory study using Swedish municipal data contrasting economic development and growth

Tobias Arvemo and Urban Gråsjö

Chapter 14 in Geography, Open Innovation and Entrepreneurship, 2018, pp 359-376 from Edward Elgar Publishing

Abstract: This chapter explores possible measures of economic development and how they relate to measures commonly used for studying economic growth. Since potential factors for measuring economic development typically differ greatly over large geographical areas, we will study the indicators on a municipality level to avoid large geographical units of analysis. The data is from 2013 and 2014 and is found in official Swedish data repositories, and include variables such as gross pay per employee, citizen satisfaction with the municipality and Gini-coefficient for Swedish municipals. The results indicate that trying to find one overall measure for economic development is not feasible. Our main conclusions are that indicators for economic growth and economic development in some cases move in opposite directions. There is a need for more direct and harmonized, national and international data to further drive the research in the field of economic development.

Keywords: Business and Management; Economics and Finance; Geography; Innovations and Technology; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2018
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