Social fairness and sustainability of economic productivity

Iris Mihai ()

MPRA Paper from University Library of Munich, Germany

Abstract: Economic productivity is a complex phenomenon that serves to highlight how efficient an economic process is. However, the existing paradigms for measuring productivity are not coherent, presenting us with a heterogeneous concept too scattered to prove significant for the policy makers. In this paper, we focus on the social implications of the economic development in our attempt to design an adequate measuring methodology able to capture the impact of the continuously growing productivity upon the quality of life in the selected countries. The research is based on statistical data provided by EU KLEMS, The World Bank, Eurostat and The New Maddison Project. The countries chosen for the empirical analysis belong to two groups: Baltic countries (Estonia, Latvia and Lithuania) and the Nordic countries (Denmark, Finland and Sweden). The research is based on input-output indexes used to emphasize productivity, together with its social fairness component and its sustainability over time. The fundamental research hypothesis of this paper is whether the current economic productivity, socially adjusted by GINI, is sustainable. The secondary hypothesis is whether high levels of economic productivity represent a strong enough incentive to countervail the limited biocapacity of a country. The empirical analysis will answer both questions, highlighting the importance of the ecological reserves and the importance of addressing productivity also from a social and an environmental perspective, and not only the obsolete economic perspective.

Keywords: economic productivity; social fairness; biocapacity; sustainability (search for similar items in EconPapers)
JEL-codes: F62 F63 (search for similar items in EconPapers)
Date: 2014-08-15
New Economics Papers: this item is included in nep-eff and nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in International Journal of Economics, Commerce and Manaagement 8.2(2014): pp. 1-15

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/58044/2/MPRA_paper_58044.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58044

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().