An index of sustainable economic welfare for Romania

2019 ◽  
Vol 6 (8) ◽  
pp. 1-10
Author(s):  
Anca Butnariu ◽  
Florin Alexandru Luca
Keyword(s):  
Climate Change ◽  
Well Being ◽  
Gdp Per Capita ◽  
Economic Welfare ◽  
Road Accidents ◽  
Distribution Costs ◽  
The Status ◽  
Per Capita ◽  
Household Labour ◽  
Economic Well Being

This paper has the objective to develop an Index of Sustainable Welfare for Romania from 1990 to 2017, in order to more clearly establish the status of the Romanian economy in terms of economic welfare. The results show that whilst gross domestic product (GDP) per capita increased significantly, the ISEW per capita grew at a much slower pace. The value of household labour contributes strongly to the growth of welfare, but income distribution, costs of climate change, cost of road accidents and cost of air pollution limit an improvement of population economic well-being. Our new valuation approach confirms the general conclusion of most authors on economic development that, during last decades, welfare has shown little improvement in spite of a growing GDP. Our conclusion is that the ISEW provides a useful alternative to indicators such as GDP despite subjected to its limitations and criticism. Keywords: Economic welfare, GDP, ISEW.

scholarly journals Beyond GDP? Welfare across Countries and Time

2016 ◽  
Vol 106 (9) ◽  
pp. 2426-2457 ◽  
Author(s):  
Charles I. Jones ◽  
Peter J. Klenow
Keyword(s):  
Western Europe ◽  
Well Being ◽  
The United States ◽  
Gdp Per Capita ◽  
Summary Statistic ◽  
Micro Data ◽  
Per Capita ◽  
Highly Correlated ◽  
Beyond Gdp ◽  
Economic Well Being

We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using multi-country datasets. While welfare is highly correlated with GDP per capita, deviations are often large. Western Europe looks considerably closer to the United States, emerging Asia has not caught up as much, and many developing countries are further behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most important. (JEL D63, E21, E23, E24, I12, O57)

scholarly journals Economic Well-being and British Regions: The Problem with GDP Per Capita

2009 ◽  
Vol 67 (4) ◽  
pp. 483-505 ◽  
Author(s):  
David Harvie ◽  
Gary Slater ◽  
Bruce Philp ◽  
Dan Wheatley
Keyword(s):  
Well Being ◽  
Gdp Per Capita ◽  
Per Capita ◽  
Economic Well Being

scholarly journals GDP and Economic Well-being: New Evidence from Selected Developed Countries

2011 ◽  
Vol 3 (2) ◽  
pp. 63-67
Author(s):  
Ahmad Jafari Samimi
Keyword(s):  
Causal Relationship ◽  
Positive Relationship ◽  
Well Being ◽  
Developed Countries ◽  
High Income ◽  
Gdp Per Capita ◽  
Per Capita ◽  
New Evidence ◽  
Economic Well Being

GDP per capita often used in judgment about countries economic well-being, but any judgment based on it ignores some issues, therefore argues that a better index of economic well-being is IEWB (Index of Economic Well-being). Stevenson and Wolfers (2008), and Osberg and Sharpe (2001), mentioned that there is a positive relationship between GDP per capita and IEWB .in this paper we study a causal relationship between them; to this purpose we use the data of selected high income countries during 1980-2007.Finding shows that GDP is granger causal of IEWB except Norway that there aren’t any causal relationship between GDP and IEWB.

scholarly journals Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

2020 ◽  
Vol 8 (3) ◽  
pp. 44
Author(s):  
Alexander Baranovsky ◽  
Nataliia Tkachenko ◽  
Vladimer Glonti ◽  
Valentyna Levchenko ◽  
Kateryna Bogatyrova ◽  
...  
Keyword(s):  
Public Procurement ◽  
Well Being ◽  
Gdp Per Capita ◽  
Tender Offers ◽  
Product Categories ◽  
Per Capita ◽  
The Government ◽  
The Impact ◽  
Over Time ◽  
The Eu

Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capitals—natural, human, social, and economic—on sustainable well-being over time. Ukraine is a country with a very low gross domestic product (GDP) per capita, which exacerbates the problem of the impact of public procurement results on the population’s welfare. Ukrainian public procurement legislation allows customers to apply non-price criteria (the share of non-price criteria cannot be more than 70%), which, together, are taken into account in the formula of the quoted price. The studies show that the effect of the use of non-price criteria depends on the relevance of the method of the evaluation of non-price criteria. The most important non-price criteria for Ukrainian customers by product categories and the methods of their evaluation are analyzed according to the Bi.prozorro.org analytics module. Therefore, it is concluded that the quoted price method, which is used in Ukrainian practice, is not relevant in comparison with the method used in the EU. A survey of the government buyers on the practice of applying non-price criteria was conducted, and the areas of their use were identified.

scholarly journals Does the Credit Cycle Have an Impact on Happiness?

2019 ◽  
Vol 17 (1) ◽  
pp. 183 ◽  
Author(s):  
Tinghui Li ◽  
Junhao Zhong ◽  
Mark Xu
Keyword(s):  
Fixed Effects ◽  
Well Being ◽  
Gdp Per Capita ◽  
Subjective Well Being ◽  
Fixed Effects Model ◽  
Credit Expansion ◽  
Transmission Channels ◽  
Credit Cycle ◽  
Per Capita ◽  
The Relationship

The 2008 international financial crisis triggered a heated discussion of the relationship between public health and the economic environment. We test the relationship between the credit cycle and happiness using the fixed effects model and explore the transmission channels between them by adding the moderating effect. The results show the following empirical regularities. First, the credit cycle has a negative correlation with happiness. This means that credit growth will reduce the overall happiness score in a country/region. Second, the transmission channels between the credit cycle and happiness are different during credit expansion and recession. Life expectancy and generosity can moderate the relationship between the credit cycle and happiness only during credit expansion. GDP per capita can moderate this relationship only during credit recession. Social support, freedom, and positive affect can moderate this relationship throughout the credit cycle. Third, the total impact of the credit cycle on happiness will become positive by the changes in the moderating effects. In general, we can improve subjective well-being if one of the following five conditions holds: (1) with the adequate support from the family and society, (2) with enough freedom, (3) with social generosity, (4) with a positive and optimistic outlook, and (5) with a high level of GDP per capita.

scholarly journals Global improvements in Years of Good Life since 1950

2021 ◽  
Author(s):  
Erich Striessnig ◽  
Claudia Reiter ◽  
Anna Dimitrova
Keyword(s):  
Life Expectancy ◽  
Good Life ◽  
Composite Index ◽  
Well Being ◽  
Gdp Per Capita ◽  
World Population ◽  
Aggregate Level ◽  
Recent Past ◽  
Cognitive Limitations ◽  
Per Capita

Human well-being at the national aggregate level is typically measured by GDP per capita, life expectancy or a composite index such as the HDI. A more recent alternative is the Years of Good Life (YoGL) indicator presented by Lutz et al. (2018; 2021). YoGL represents a refinement of life expectancy in which only those person-years in a life table are counted that are spent free from material (1), physical (2) or cognitive limitations (3), while being subjectively perceived as satisfying (4). In this article, we present the reconstruction of YoGL to 1950 for 140 countries. Since life expectancy – as reported by the UN World Population Prospects in fiveyearly steps – forms the basis of our reconstruction, the presented dataset is also available on a five-yearly basis. In addition, like life expectancy, YoGL can be flexibly calculated for different sub-populations. Hence, we present separate YoGL estimates for women and men. Due to a lack of data, only the material dimension can be reconstructed based directly on empirical inputs since 1950. The remaining dimensions are modelled based on information from the more recent past.

SOCIAL AND ECONOMIC WELFARE AND THE LEVEL OF LIFE SATISFACTION ON THE EXAMPLE OF SELECTED COUNTRIES

2021 ◽  
Vol 1 (1) ◽  
pp. 19-30
Author(s):  
Ewa Polak
Keyword(s):  
Life Satisfaction ◽  
Social Indicators ◽  
Life Quality ◽  
Well Being ◽  
Social Conditions ◽  
Economic Welfare ◽  
Quality Life ◽  
Methods Of Measurement ◽  
Economic Well Being

The article presents problems related to life quality, life satisfaction and sense of happiness, their determinants, methods of measurement and dependence on the level of wealth and other conditions. Life quality is an abstract blurred term which depends on numerous factors. There is not any single, comprehensive definition, measure or cause of such phenomena as life quality, economic well-being or sense of happiness. Their evaluation depends on economic, political, cultural and social conditions and also on individual features, expectations and attitudes. More and more often, next to hard economic coefficients, social indicators are applied, and synthetic measures of the level of life quality or social and economic well-being are developed. The level of social development is strongly affected by the quality of human capital. The article presents an attempt at matching parameters and indicators which characterise various aspects of life quality and applying them for the development of synthetic measures of life quality in its different aspects. It is also aimed at comparing them with the current results obtained by research studies in this field. The aim of the article is to provide an assessment of diversification in the levels of living conditions observed in some selected countries – its size, specificity and cause-effect relations with the use of the listed parameters and measures. The research on life quality should be applied to the assessment of the efficiency of social and economic policy which has been currently implemented.

scholarly journals Remittance Status and Contribution to GDP of Nepal

NCC Journal ◽  
2019 ◽  
Vol 4 (1) ◽  
pp. 101-112 ◽  
Author(s):  
Krishna Prasad Ojha
Keyword(s):  
Labor Migration ◽  
Foreign Currency ◽  
Positive Impact ◽  
Gdp Per Capita ◽  
Migrant Laborers ◽  
International Labor ◽  
The Status ◽  
History Of ◽  
Analytical Research ◽  
Per Capita

The research paper aims to analyze the status of remittance and its contribution to GDP of Nepal. The study has adopted the descriptive and analytical research design. The study is quantitative in nature. Most of the developing countries like Nepal depend on remittance as the major source of foreign currency earning. Remittance plays an important role in economic development of a country. Nepal has also long history of international labor migration about 200 years ago Nepali migrant laborers are contributing substantial amount as remittance inflows through legal channel which has positive impact on GDP, per-capita income, Capital formation, education etc. The volume of remittance is much more than the records because, migrants are using illegal ways due to ignorance and difficulty in receiving amount from legal ways.

The Recession and Public Investment in Education in Latin America

1989 ◽  
Vol 31 (1-2) ◽  
pp. 125-146 ◽  
Author(s):  
Jandhyala B. G. Tilak
Keyword(s):  
Public Investment ◽  
National Income ◽  
Well Being ◽  
Return To Education ◽  
Economic Conditions ◽  
Economic Factors ◽  
Allocation Of Resources ◽  
Relative Priority ◽  
Per Capita ◽  
Economic Well Being

It is the most common presumption that the relative priority accorded to education in an economy is significantly determined by economic conditions, particularly by the national income per capita and the budget. However, under normal conditions of economic well-being, allocation of resources to education is generally found to be least influenced by economic factors in any important way. Economic ability factors like GNP per capita and public spending on education are not significantly related. Neither are criteria for efficiency, like the rate of return to education, found to influence policies which allocate resources to education (see Tilak, 1982).

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