Economic Institutions and Social Progress
AbstractCombining data from the social progress index and measures of economic institutions and performance, our analysis focuses on how changes in economic institutions and performance are related to subsequent changes in social progress (noneconomic dimensions of societal performance). We document a positive relationship between improved economic performance and subsequent social progress improvements, a separate impact of improved economic institutions on aspects of social progress that involve individual investment (such as education and health), and a noisy relationship between economic factors and those aspects of social progress related to issues of individual freedom and social inclusion.
CitationFehder, Daniel C., Michael E. Porter, and Scott Stern. 2019. "Economic Institutions and Social Progress." AEA Papers and Proceedings, 109: 350-56. DOI: 10.1257/pandp.20191081
- E02 Institutions and the Macroeconomy
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification