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Social Indicators Research

, Volume 145, Issue 1, pp 437–457 | Cite as

Transforming Economic Growth into Inclusive Development: An International Analysis

  • Albino Prada
  • Patricio Sánchez-FernándezEmail author
Original Research

Abstract

This paper conducts a critical analysis on growth and development in world countries. Using different dimensions featured in the development of several synthetic indexes, it analyzes the relationship between wealth and development estimates. It therefore uses the indicator developed by the World Development Forum, the Inclusive Development Index, turned into complementary economic estimators for different scenarios. Its results allow us to identify key factors for robust synthetic indicators and detect the dimensions and variables of development that have a greater impact on the ranking of countries.

Keywords

Growth Development UNDP World Economic Forum Synthetic indicators 

JEL Classification

I31 O10 O57 P24 P44 R13 

Notes

Acknowledgements

We are very grateful to Santiago Lago-Peñas and two anonymous referees for their insightful comments on a previous version of this paper.

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Copyright information

© Springer Nature B.V. 2019

Authors and Affiliations

  1. 1.Faculty of Economics and Business – University CampusECOBAS - University of VigoVigoSpain
  2. 2.Faculty of Business and Tourism – University CampusGEN - University of VigoOurenseSpain

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