On the Welfare Trends: A view from the Sen’s Social Welfare Function

John Michael Riveros-Gavilanes (), Fayq Al Akayleh (), Azar Huseynli (), Oduniyi , Oluwaseun Samuel () and Sherif M. Hassan ()
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John Michael Riveros-Gavilanes: M&S Research Hub institute
Fayq Al Akayleh: Arab Open University
Azar Huseynli: Azerbaijan State university
Oduniyi , Oluwaseun Samuel: Texas Tech University, Department of Agricultural and Applied Economics, 2500 Broadway, Lubbock,
Sherif M. Hassan: M&S Research Hub institute
Authors registered in the RePEc Author Service: John Michael Riveros Gavilanes

No 3-2022, MSR Working Papers from M&S Research Hub institute

Abstract: in this article, we use the theoretical construction of Sen’s Social Welfare Function to estimate the trends of welfare for different world regions. The empirical analysis is also complemented by investigating the long-run relationships and the role of income inequality on welfare dynamics. The results suggest heterogeneous relationships across regions between income, inequality, and welfare. Implying that welfare across regions is not similarly influenced by unequal distribution of income, while some regions are positively correlated with improvements in the income distribution leading to better welfare measures. Over the short run, economic growth is the dominant factor in steering welfare.

Keywords: Income inequality; amartya sen index (search for similar items in EconPapers)
JEL-codes: I30 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2022-03-12
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:msrwps:2022_003

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