NDLI: The Impact of Social Justice on Economic Performance

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The Impact of Social Justice on Economic Performance

Content Provider	Scilit
Author	Kavuri, Anil Shao, Hongwei
Copyright Year	2017
Description	Journal: SSRN Electronic Journal A large body of literature shows that institutions positively impacts economic performance. This study proposes that social justice which is an essential virtue of institutions also positively influences economic performance. We build the case that social justice affects capital, human capital and technology accumulation. This in turn positively drives economic performance. The hypothesis is empirically supported with a cross-sectional analysis of OECD countries and panel data analysis of EU countries. The results are robust under Instrument Variable (IV) analysis and numerous controls. The examination also determines that social justice contributes significantly to the traditional neoclassical model that relates output to the stock of human and physical capital. Consequently, the results imply that if a country such as Turkey is able to raise its rating to the level of Nordic countries (e.g. Norway), GDP per capita may increase from 10,000 USD to 56,000 USD.
Related Links	https://cama.crawford.anu.edu.au/sites/default/files/publication/cama_crawford_anu_edu_au/2017-03/18_2017_kavuri_shao.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2927851
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2927851
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-03-05
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Social Sciences, Interdisciplinary Social Justice Economic Performance Institutions Also Positively Contributes Significantly
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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