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Economics

American University in Cairo

2004

Inequality

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Constructing A Social Welfare Function Under Poverty And Inequality With Application To Developing Countries, Nyiwul Linus Mabughi Jun 2004

Constructing A Social Welfare Function Under Poverty And Inequality With Application To Developing Countries, Nyiwul Linus Mabughi

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In this study entitled "Constructing a Social Welfare Function under Poverty and Inequality with Application to Developing Countries"; prepared by Nyiwul Linus Mabughi under the supervision of Dr. Tarek Selim (The American University in Cairo), we provide a post-Sen theoretical conceptualization of a social welfare function and application to developing countries. In the methodology, we undertake a decomposition of efficiency and distribution aspects of welfare and examine the sensitivity of the various elements of the social welfare formulation. We develop a new social welfare .. function based on different ec9nomic development elements. These elements include per capita income (PPP), total …