Record Details

Did we find alternate to GDP to measure national progress? Analysis of Harvard University’s social progress index

Turkish Economic Review

View Archive Info
 
 
Field Value
 
Title Did we find alternate to GDP to measure national progress? Analysis of Harvard University’s social progress index
 
Creator SIDDIQUI, Ahmad F.;

Professor in University of Engineering and Technology Lahore


WASEEM, Ansar;

Doctrate Student in University of Management and Technology Lahore


MAMOON, Dawood; University of Management and Technology C-II, Johar Town, 54770 Lahore, Pakistan
 
Subject Social progress; Human development; Ease of doing business; Vulnerability to slavery; SPI; HDI.
O15.
 
Description Abstract. For major part of the preceding century, Economic Measures such as GDP, GNI etc were considered to measure economic as well as social and human progress of a country. However, scholars have raised concerns over the sufficiency of these economic measures. This propelled scholars to develop alternate measures for social improvement and human capability development. Consequently, indices such as Social Progress Imperative (SPI) and Human Development Index (HDI) were developed by renowned authors. However, little work is done to check effect of social progress on susceptibility against human trafficking and modern slavery, and business opportunities in the nation. Further, there is almost no empirical evidence which suggest that SPI is better scale than GDP or HDI in predicating different social measure. Therefore, data of 124 countries regarding SPI, HDI, GDP, Vulnerability to Enslavement, and Distance to Frontier score was collected for Year 2014. Secondary data analysis was performed and Simple Regression analysis was carried out on data for hypothesis testing. As proposed, a positive relationship of SPI and Ease of Doing Business was observed whereas negative relation was found between SPI and Vulnerability of Enslavement. In addition, SPI explain variation in both Vulnerability of Enslavement and Ease of Doing Business better than GDP and HDI, thereby providing evidence of its superior representation of social measures. Keywords. Social progress, Human development, Ease of doing business, Vulnerability to slavery, SPI, HDI.JEL. O15.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor —
 
Date 2017-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/1469
10.1453/ter.v4i4.1469
 
Source Turkish Economic Review; Vol 4, No 4 (2017): December; 352-368
Turkish Economic Review; Vol 4, No 4 (2017): December; 352-368
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/1469/1476
 
Rights Copyright (c) 2017 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0