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34
result(s) for
"shared prosperity"
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The Evaluation of Shared Prosperity: A Case from China
2025
This research investigates the disparities, trends and spillovers of shared prosperity for all in China during the period of 2012–2021. Taking a representative region consisting of 18 urban and rural areas as a case study, using 10 indicators such as economic development, population density and education level, along with the spatial lag model, we explore the impact of social and economic factors on common prosperity as well as the associated spillovers. Results revealed that there existed huge regional disparities in common prosperity in the short term, namely the unbalanced level of prosperity across China’s mainland, while in the long term, the common prosperity level appears to be gradually enhanced with the convergence of income ratio lines. Meanwhile, common prosperity is spatially correlated with each other, with the spatial distribution features of high–high and low–low agglomerations. Based on the model analysis, there are mixed spillovers in the evolution of common prosperity: factors like education level and population density have positive spillovers while the rest of the factors have negative spillovers. To recap, population density and education level can significantly abridge the disparities in urban and rural areas.
Journal Article
The Role of the Digital Economy in Promoting Common Prosperity: Mechanisms, Challenges, and Strategies
2025
Based on Marxist theory of social reproduction and the dual dimensions of \"wealth\" and \"common prosperity,\" this study examines the impact of the digital economy in promoting common prosperity across the four key stages:production, distribution, exchange, and consumption.The findings indicate that the digital economy fosters productivity growth and plays significant regulatory roles in primary distribution, redistribution, and third distribution.Moreover, the digital economy overcomes the spatiotemporal constraints of exchange and enhances consumption equality, thereby generating both \"wealth\" and \"common prosperity\" effects.However, there are still persistent challenges, including the displacement of traditional outputs, monopolization by digital platforms, the impact on employment, and income disparities arising from the digital divide.To address these challenges, we recommend optimizing the development policies of the digital economy, accelerating the growth of digital productivity, strengthening regulation of the digital platforms, building new talent supply systems, actively addressing the digital divide, and advancing market-oriented reform of data elements to better promote common prosperity.
Journal Article
Human capital, household prosperity, and social inequalities in sub-Saharan Africa
by
Ajakaiye, Olu
,
Mwabu, Germano M
,
Manda, Damiano Kulundu
in
Africa
,
Capital investments
,
Economic aspects
2025
This article examines the relationship between human capital accumulation, household income, and shared prosperity using 2005-2018 household surveys in Cameroon, Ethiopia, Kenya, Nigeria, and Uganda. Human capital is found to be positively and significantly correlated with household wellbeing in all five nations. Health's indirect benefits in Cameroon, Ethiopia, and Kenya augment its direct benefits. Education has monotonic welfare benefits from primary to tertiary levels in all countries. Human capital and labour market participation are strongly associated with household wellbeing. The equalization of human capital endowments increases income for the 40% of the least well-off groups in three of the sample countries. All countries except Uganda record a decrease in human capital deprivation over the period studied. Redistribution is associated with a reduction in human capital deprivation, although less systematically than in the growth scenario. These results suggest that sizeable reductions in human capital deprivation are more likely to be accomplished by interventions that focus on boosting general human capital outcomes than those that redistribute the human capital formation inputs. In countries with declining human capital deprivation, the within-sector interventions seem to account for this success. Substantial heterogeneity in human capital poverty exists within and across countries and between rural and urban areas.
Journal Article
Corporate shared prosperity: scale development and validation
by
Tabash, Mosab I
,
Hossain, Mohammad Imtiaz
,
Teh, Boon Heng
in
Business, Management and Accounting
,
Corporate shared prosperity
,
Corporate Social Responsibility & Business Ethics
2024
Business organizations are forced to prioritize ensuring corporate shared prosperity (CSP) through enhancing corporate sustainability performance and stakeholder’s betterment. There is a lack of comprehensive and quantifiable measurement of CSP and existing studies are conceptual and case study based. Thus, this study explores the essential dimensions involved in developing and verifying the corporate shared prosperity measurement which will help researchers to conduct empirical study. This scale development paper may prove valuable to both readers and scholars engaged in the field of sustainability and stakeholder development. Stakeholder theory is used as an underpinning theory. Sixteen (16) items under five (5) dimensions were developed to measure corporate shared prosperity after reviewing the existing literature, verifying by focus group discussion, and analyzing 229 Malaysian manufacturing firms responses using exploratory factor analysis and confirmatory composite analysis (CCA). This reliable and valid scale would benefit scholars in measuring CSP and examining the impact of sustainable performance on CSP. Further empirical evaluation based on this developed scale would ensure inclusive, sustainable development for stakeholders and make organizations more resilient. This research is a unique and initial attempt to develop a validated questionnaire survey based tool to measure corporate shared prosperity quantitatively.
Journal Article
Missed opportunities in AI regulation: lessons from Canada’s AI and data act
2025
We interrogate efforts to legislate artificial intelligence (AI) through Canada’s Artificial Intelligence and Data Act (AIDA) and argue it represents a series of missed opportunities that so delayed the Act that it died. We note how much of this bill was explicitly tied to economic development and implicitly tied to a narrow jurisdictional form of shared prosperity. Instead, we contend that the benefits of AI are not shared but disproportionately favour specific groups, in this case, the AI industry. This trend appears typical of many countries’ AI and data regulations, which tend to privilege the few, despite promises to favour the many. We discuss the origins of AIDA, drafted by Canada’s federal Department for Innovation Science and Economic Development (ISED). We then consider four problems: (1) AIDA relied on public trust in a digital and data economy; (2) ISED tried to both regulate and promote AI and data; (3) Public consultation was insufficient for AIDA; and (4) Workers’ rights in Canada and worldwide were excluded in AIDA. Without strong checks and balances built into regulation like AIDA, innovation will fail to deliver on its claims. We recommend the Canadian government and, by extension, other governments invest in an AI act that prioritises: (1) Accountability mechanisms and tools for the public and private sectors; (2) Robust workers’ rights in terms of data handling; and (3) Meaningful public participation in all stages of legislation. These policies are essential to countering wealth concentration in the industry, which would stifle progress and widespread economic growth.
Journal Article
Key underlying concepts of shared prosperity: insights from a literature review
by
Mahmood, Salman
,
Xing, Ke
,
Khan, Navid
in
Development economics
,
Economic development
,
Poverty
2024
“Shared prosperity”—a social objective that all nations should pursue—has gained increasing importance in the discussion of development policy. Promotion of it has been endorsed as one of two fundamental goals meant to guide the World Bank in all its endeavours. The juncture between shared prosperity (for the sake of this paper we will use the terms shared prosperity and inclusive growth interchangeably) and poverty alleviation is appealing to a growing number of scholars and practitioners. Although a subject of increasing importance, shared prosperity has been relatively less studied and less conceptualized to date. In this paper we intend to (1) study existing research on “shared prosperity” and, on the basis of this existing research (2) identify key underlying concepts of shared prosperity. On the basis of the outcomes of this study a number of guidelines are suggested for future research which may encourage further research work in this novel area of study.
Journal Article
Revisiting Socioeconomic Development Hypothesis: Does Zakat Matter for OIC Member Countries?
by
Raghibi, Abdessamad
,
Fahm, AbdulGafar Olawale
,
Robbana, Aroua
in
Artificial intelligence
,
Competitive intelligence
,
Corporate governance
2024
Zakat, a multidimensional and sustainable institution, wields significant potential for several aspects of a nation’s economy. This study examined, from an empirical point of view, the potential impact of Zakat on economic development with a focus on the OIC member countries. The study employs the pooled OLS regression and fixed effect (as robustness checks) technique for static panels on 50 OIC countries from 1970 to 2020. The finding suggests that Zakat has a positive indirect impact on welfare, human capital development, and shared prosperity on the other hand. These findings enhance the socioeconomic development hypothesis and Zakat nexus in Muslim countries through a virtuous cycle of support to the poorest social categories through stimulating aggregate demand and production. Although the findings of this study hold significant implications for economic growth and development in OIC member states, in particular, the findings also present a new perspective to policymakers and academia who seek to broaden the scope of economic growth and development in other developed and developing countries across the world.
Journal Article
Housing, imputed rent, and household welfare
by
Ranzani, Marco
,
Ceriani, Lidia
,
Olivieri, Sergio
in
Albania
,
Developing countries
,
Development Economics
2023
Housing is the most important durable good consumed by households. This paper assesses the distributional effects of including the value of the flow of dwelling’s services consumed by households with respect to the case where such value is excluded, testing different estimation methods in four developing countries. Including rental values leads to statistically significant and sizable changes in indicators of poverty and inequality that might also determine an international reranking of countries. This paper advances for the first time a step-by-step guide to the estimation of rental values, using information typically available in household surveys. As housing gains importance with the level of development of countries, accounting for rental values becomes significant in antipoverty programs, which need accurate information to minimize errors of inclusion and exclusion and the potential waste of scarce public resources.
Journal Article
A social innovation model for sustainable development: A case study of a Malaysian entrepreneur cooperative (KOKULAC)
by
Abdul Rahim, Ramita
,
Kassim, Erne Suzila
,
Zamzuri, Norol Hamiza
in
Ability
,
Adoption of innovations
,
Bibliometrics
2022
In Malaysia, social innovation programs are fully supported by the government. However, reports and findings on the related matter have yet to be comprehensively collected due to the current interest. Therefore, the aim of this paper was to provide a better insight and understanding on how social innovation projects could assist in achieving the SDG agenda. Since social innovation is emerging and has just recently been embraced in Malaysia, we present the study as a case based on an entrepreneur cooperative, named KOKULAC, with a grounded theory analysis as a core approach. The findings suggest that there are five sustainability development goals that are very closely related to KOKULAC's agenda. These goals are no poverty, zero hunger, decent work and economic growth, responsible consumption and production, and partnership for the goals. In addition, the case also presented how the values of sustainable development spur greater social benefits of shared prosperity. We conclude that the proposed model contributes to the expansion of innovation capability theory by shaping the innovations within the scope of social needs, which could be applied in other settings. For future research, we recommend a higher integration between the social innovation model and dynamic capabilities of the networking structures.
Journal Article
Repurposing agricultural support policies for shared prosperity in rural Fiji
Notwithstanding the increasing place of tourism exports, the rural sector and its agricultural production remain important contributors to Fiji's economy. But their contribution is compromised by policies and institutions that distort the farm sectorʼs resource use, with too many resources employed by sugar and livestock producers at the expense of other farmers and producers of non-farm products. Subsidies to the sugar industry could be used instead to boost investment in rural public goods such as infrastructure and agri- cultural research. That would benefit a much larger proportion of rural people, many of whom are below the poverty line. So too would a lowering of tariffs on imports of meat and milk products. And by thereby lowering food prices in urban areas, such re-purposing of support would benefit their poorest households most. It would also lower the prices of high-protein livestock products and nutrient-rich fruits and vegetables, which could well improve nutrition and health.
Journal Article