A Cross-Country Analysis of Achievements and Inequities in Economic Growth and Standards of Living

37 Pages Posted: 20 May 2010

Date Written: April 1, 2009

Abstract

This paper compares achievements and inequities in standards of living across countries. Achievement is measured by an index, which is constructed to reflect greater achievement for an increase in the standard of living of a country that is already at a high level compared to that of another country with an equal increase but from a lower base. The paper tests for the statistical relationship between indicators of standards of living and per capita income across countries. It analyzes the disparity of achievement in standards of living across countries and explains inequality in achievement in standards of living both within and between regions. Furthermore, the paper estimates the number of years it will take for different regions and selected Asian countries to catch up with the average standard of living of industrialized countries. The analysis presented is based on data from 177 countries covering the period 2000-2007.

Suggested Citation

Son, Hyun H., A Cross-Country Analysis of Achievements and Inequities in Economic Growth and Standards of Living (April 1, 2009). Asian Development Bank Economics Working Paper Series No. 159. Available at SSRN: https://ssrn.com/abstract=1611457 or http://dx.doi.org/10.2139/ssrn.1611457

Hyun H. Son (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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