Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Economic Development

  • Silvia RučinskáEmail author
  • Ronny Müller
  • Jannik A. Nauerth
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_153

Abstract

Economic development describes a process of improving economic and social well-being of people in a specific area. In addition to qualitative and quantitative growth, it includes social and environmental aspects. For this purpose various economic measures with different focus are used to quantify economic development.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  • Silvia Ručinská
    • 1
    Email author
  • Ronny Müller
    • 1
  • Jannik A. Nauerth
    • 2
  1. 1.Faculty of Public AdministrationPavol Jozef Šafárik University in KošiceKošiceSlovakia
  2. 2.Faculty of Business and EconomicsUniversity of Technology DresdenDresdenGermany