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).

scholarly journals Can and Should Happiness Be a Policy Goal?

2014 ◽  
Vol 1 (1) ◽  
pp. 195-203 ◽  
Author(s):  
Shigehiro Oishi ◽  
Ed Diener
Keyword(s):  
Life Satisfaction ◽  
Financial Crisis ◽  
Gross Domestic Product ◽  
Well Being ◽  
Economic Conditions ◽  
Unemployment Benefits ◽  
Economic Activities ◽  
Policy Goal ◽  
Happiness Research ◽  
Economic Well Being

This article summarizes policy-relevant happiness research and demonstrates that self-reported happiness could be used to evaluate public policies. Self-reported well-being (e.g., life satisfaction, happiness) tracks objective societal and economic conditions fairly well (e.g., the financial crisis of 2008) and helps quantify people’s suffering (e.g., severe disability is roughly twice as aversive as unemployment). Evidence also demonstrates that some liberal policies, such as generous unemployment benefits, progressive taxation, and income equality, are positively associated with citizens’ self-reported well-being, whereas others (e.g., larger governmental spending per Gross Domestic Product [GDP]) are not. Just as the regular recording of economic activities helps gauge the effectiveness of specific policies and the general economic well-being of individuals and society at large, the regular recording of citizens’ self-reported well-being will help gauge the effectiveness of specific policies, as well as the psychological well-being of individuals and society at large.

scholarly journals An Assessment of the Applicability of Sustainability Measurement Tools to Resource-Based Economies of the Commonwealth of Independent States

2020 ◽  
Vol 12 (14) ◽  
pp. 5582 ◽  
Author(s):  
Tatyana Ponomarenko ◽  
Marina Nevskaya ◽  
Oksana Marinina
Keyword(s):  
Sustainable Development ◽  
National Income ◽  
Mineral Resources ◽  
Well Being ◽  
Assessment Tools ◽  
The Sustainable Development ◽  
Environmental Performance Index ◽  
Independent States ◽  
Per Capita ◽  
Sustainability Measurement

The concept of sustainable development (SD) is aimed at ensuring public well-being for the present and future generations. Hundreds of methods have been proposed for assessing and comparing the sustainable development of countries and analyzing their contribution to the future of the world. When applied to resource-based economies (RBEs), assessment tools do not take into account the value and impact of mineral resources on SD indicators. The purpose of the study is to reveal the limitations of applying some tools by taking into consideration the specific features of RBEs. Research methods include a correlation analysis between gross national income (GNI) per capita and aggregated indices (the Sustainable Society Index (SSI), the Human Development Index (HDI), and the Environmental Performance Index (EPI)), a comparative analysis of these indices and mining companies’ performance indicators. Object Eurasian RBEs were selected, but Norway was analyzed separately from the sample. The results of the study show that correlations between GNI per capita and SD indicators are heterogeneous. There is no statistically significant correlation between GNI per capita and SSI, a strong correlation with HDI, and a weak correlation with EPI. The EPI and SSI structures do not reflect the specific features of RBEs.

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.

Relationships between Trends in Regional Development and Regional Policy Goals in Central Europe, 1950–1980

1987 ◽  
Vol 5 (1) ◽  
pp. 105-112 ◽  
Author(s):  
W H Berentsen
Keyword(s):  
Central Europe ◽  
Regional Policy ◽  
Well Being ◽  
Economic Conditions ◽  
Industrial Employment ◽  
Policy Goals ◽  
World Economic ◽  
Regional Problems ◽  
European Regional ◽  
Economic Well Being

The paper presents results from empirical analyses of regional social and economic well-being in Central Europe between 1950 and 1980. Declines in regional inequalities during the study period are probably greater than can be explained by a coinciding trend toward greater regional dispersion of industrial employment. The latter, a goal of regional policy in all Central European nations, also has neither completely eradicated preexisting regional problems nor forestalled the emergence of new ones in old, highly specialized heavily industrialized areas. The lingering and the newly recognized regional problems have led many European regional scientists to call for new regional policies to cope with a new set of world economic conditions.

scholarly journals Income, Health, and Well-Being around the World: Evidence from the Gallup World Poll

2008 ◽  
Vol 22 (2) ◽  
pp. 53-72 ◽  
Author(s):  
Angus Deaton
Keyword(s):  
Life Satisfaction ◽  
Life Expectancy ◽  
Low Income ◽  
National Income ◽  
Well Being ◽  
Low Income Countries ◽  
Health Satisfaction ◽  
Previous Discussion ◽  
Point Increase ◽  
Per Capita

During 2006, the Gallup Organization conducted a World Poll that used an identical questionnaire for national samples of adults from 132 countries. I analyze the data on life satisfaction and on health satisfaction and look at their relationships with national income, age, and life-expectancy. The analysis confirms a number of earlier findings and also yields some new and different results. Average life satisfaction is strongly related to per capita national income. High-income countries have greater life-satisfaction than low-income countries. Each doubling of income is associated with almost a one-point increase in life satisfaction on a scale from 0 to 10 and, unlike most previous findings, the effect holds across the range of international incomes; if anything, it is slightly stronger among rich countries. Conditional on the level of national per capita income, the effects of economic growth on life satisfaction are negative, not positive as would be predicted by previous discussion and previous micro-based empirical evidence. Neither life satisfaction nor health satisfaction responds strongly to objective measures of health, such as life expectancy or the prevalence of HIV infection, so that neither provides a reliable indicator of population well-being over all domains, or even over health.

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 MEAT CONSUMPTION AS AN INDICATOR OF ECONOMIC WELL-BEING — CASE STUDY OF A DEVELOPED AND DEVELOPING ECONOMY

2018 ◽  
Vol 17 (2) ◽  
pp. 17-26
Author(s):  
Joanna Bereżnicka ◽  
Tomasz Pawlonka
Keyword(s):  
Low Income ◽  
National Income ◽  
Meat Products ◽  
Meat Consumption ◽  
Well Being ◽  
Indifference Curve ◽  
Household Member ◽  
Developing Economy ◽  
Developed Country ◽  
Economic Well Being

The aim of the study was to verify the criterion of meat consumption as a marker of economic well-being, in economies at different phases of development. Meat consumption per capita is a widely used variable which is used to indicate the economic bases for the exclusion of meat and meat products from the diet. The study was performed simultaneously in Austria (a developed country) and Poland (a developing country) in 2015. Descriptive statistics, econometric and descriptive models were used to process the research material. Respondents were classified according to the wealth criterion, measured by the average income per household member in a given country. In the case of the developing economy, it was discovered that the meat consumption function takes the shape of an indifference curve. In the developed economy, once the income per household member exceeds 157% of the average national income, consumers exclude meat and other meat products from their diet for health reasons and reservations concerning the quality and origin of the meat. The consumption of meat in Poland is determined by income amount, at a greater degree than in a developed economy. Low income in Polish families is the reason for the exclusion of meat consumption.

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.

Liberty, Economics, and Evidence

1983 ◽  
Vol 31 (4) ◽  
pp. 541-555 ◽  
Author(s):  
Fred M. Frohock ◽  
David J. Sylvan
Keyword(s):  
Well Being ◽  
Normative Theory ◽  
Economic Conditions ◽  
Liberal Theory ◽  
Complex Relationship ◽  
Economic Gain ◽  
Political Values ◽  
Marginal Value ◽  
Social Forms ◽  
Economic Well Being

Relationships in liberal theory between liberty and economic well-being are empirical propositions: (a) economic conditions can reach a level so low as to make the effective establishment of liberty impossible; (b) the marginal value of economic gain diminishes with respect to the value of liberty as economic conditions improve; and (c) the priority standing of liberty requires the development of social forms and conditions necessary for the establishment of liberty. Empirical data, however, do not support these assumptions. A more complex relationship between liberty and economic well-being is suggested, where (a) liberty is needed as a first condition to increase economic well-being, and (b) the very distinction between political values like liberty and economic values is jeopardized. A fusion of politics and economics may be required to account for these relationships, a point re-emphasizing the sensitivity of normative theory to empirical evidence.

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