Working Paper No.146 RUSID-CESS Working Paper No.1 February 2024 - DEFINING AND MEASURING FOUR

Since poverty social welfare function gives the highest weight to the poorest person in society, and the weight decreases monotonically with income, the growth will be pro-poor if the growth in social welfare is higher than the growth in the mean of society. [...] The pro-poor relative development index for the (PSWF) is given by (6.3) where is the relative growth rate of poverty social well-being and is the relative growth rate of the well-being of the whole population. [...] The pro-poor absolute development index for the (PSWF) is given by (6.5) where is the absolute growth rate of poverty social well-being, and is the absolute growth rate of the well-being of the whole population. [...] The relative inclusive development index for the (ISWBF) is given by (9.2) where is the relative growth rate of social well-being, and is the relative growth rate of the well-being of the whole population. [...] The absolute inclusive index for the (ISWBF) is given by (9.4) where is the absolute growth rate of social well-being, and is the absolute growth rate of the well-being of the whole population.