Socially Sustainable Economic Growth

Authors

  • Christopher A. Pissarides University of Cyprus, 1 Panepistimiou Avenue, 2109 Aglantzia, Nicosia, Cyprus; St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation https://orcid.org/0000-0002-0695-058X

Abstract

Economic growth is essential for the improvement in general living standards and elimination of poverty but it could also bring some poor outcomes. The paper addresses the issues that arise when its benefits accrue mainly to a small class of senior managers and capital owners, with the majority of the workforce experiencing no gains. It starts with a discussion of how modern labour markets deliver the benefits of growth to workers through employment and what problems might generally arise. The service economy and digital technologies are given special emphasis. Alternative policy recommendations that can improve social inclusion and make economic growth socially more sustainable are discussed. Refs 11.

Keywords:

sustainable economic growth, labour market frictions, social inclusion, flexicurity, inequality

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Author Biography

Christopher A. Pissarides, University of Cyprus, 1 Panepistimiou Avenue, 2109 Aglantzia, Nicosia, Cyprus; St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

2010 Nobel Laureate in Economics, the Regius Professor of Economics at the London School of Economics and Political Science, the Professor of European Studies at the University of Cyprus, the Head of the Growth Laboratory at the SPSU

References


Литература на русском языке


References in Latin Alphabet

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Translation of references in Russian into English

Вестник Санкт-Петербургского университета. Серия 5. Экономика. 2015. Вып. 2

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Published

2015-06-30

How to Cite

Pissarides, C. A. (2015). Socially Sustainable Economic Growth. St Petersburg University Journal of Economic Studies, (2), 034–046. Retrieved from https://economicsjournal.spbu.ru/article/view/1507

Issue

No. 2 (2015)

Section

Macroeconomic research

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.