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Title: Income distribution, social cohesion and economic resilience
Other Titles: Small states and the pillars of economic resilience
Authors: Fabri, Jean Paul
Pizzuto, Alexia
Keywords: Income distribution -- Case studies
Macroeconomics -- Case studies
Environment -- Economic aspects
States, Small -- Economic conditions
States, Small -- Economic aspects
Issue Date: 2008
Publisher: University of Malta. Islands and Small States Institute & The Commonwealth Secretariat
Citation: Fabri, J.P., & Pizzuto, A. (2008). Income distribution, social cohesion and economic resilience. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 302-313). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariat
Abstract: The distribution of income has major implications regarding the social and economic development of a country. In particular, this is expected to impinge upon the extent of social cohesion, and, as a result, on the social development of a country, which, according to Briguglio et al. (2006), is in turn a fundamental component of the Economic Resilience Index (ERI). However the methodology adopted by Briguglio et al. in measuring social development within the economic resilience framework makes no explicit use of an income distribution variable. This chapter assesses the benefits of including an income distribution variable in the ERI, and utilises the Cini Coefficient for this purpose. The chapter concludes that although the Cini Coefficient possesses a number of desirable characteristics as a component of the ERI, its inclusion in the Index poses additional computational burdens and leads to a "loss" of countries due to lack of data for these countries, without significantly affecting the rankings of countries in the Index.
ISBN: 978-99909-49-24-7
Appears in Collections:Small states and the pillars of economic resilience

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