The aim of the concept of inclusive growth, which is being promoted in particular by international organisations such as the OECD, is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefit from the economic progress of a country.
Inclusive growth: A primer for a supply-side concept
IW-Policy Paper
Institut der deutschen Wirtschaft (IW)
The aim of the concept of inclusive growth, which is being promoted in particular by international organisations such as the OECD, is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefit from the economic progress of a country.
On the one hand, this initiative continues the long-running debate on alternative welfare measures beyond GDP per capita. On the other, the discussion on the relationship between growth and distribution is being revitalised. This article deals with the potentials and limitations of the concept of inclusive growth. In principle, it would be welcomed to pay more attention to the distribution aspects of economic growth. However, conventional inclusive growth concepts bear a number of shortcomings: they are theoretically weak, institution-blind, not embedded within a growth context, and normatively shaped. The indicators used focus on results or outcome rather than on growth drivers. In addition, outcome variables are mixed with supply-side indicators. Therefore, the conventional concepts should be further developed into an institution-oriented "inclusive growth accounting" with a focus on the growth factors of labour, education and capital.
Michael Grömling / Hans-Peter Klös: Inclusive growth – A primer for a supply-side concept
IW-Policy Paper
Institut der deutschen Wirtschaft (IW)
Konjunkturampel: Wirtschaft benötigt einen Anschub durch die deutsche Politik
Die Konjunktur zieht wieder leicht an. Die Politik sollte sie dabei unterstützen, damit die deutsche Wirtschaft aus den Startlöchern kommt, schreibt IW-Konjunkturexperte Michael Grömling in einem Gastbeitrag für die VDI-Nachrichten.
IW
600 Milliarden Euro für eine zukunftsfähige Wirtschaft
Bröckelnde Straßen, Schienen und Brücken, mangelhafte Bildungsinfrastruktur, veraltete Gebäude, fehlende Infrastruktur für Strom, Wasserstoff und Wärme: Bundesweit wächst der Investitionsbedarf. Eine neue Studie des Instituts der deutschen Wirtschaft (IW) und ...
IW