The Multidimensional index of economic well-being for Central and Eastern European countries

Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Anglų kalba / English
The Multidimensional index of economic well-being for Central and Eastern European countries
In the Journal:
International journal of interdisciplinary social science studies [IJISSS]. 2018, vol. 4, no. 2, p. 33-43. 5th International conference on business, economics, management and marketing (ICBEMM 2018) 8th Academic international conference on interdisciplinary legal studies (AICILS 2018), Oxford, United Kingdom, 5th-7th March, 2018 : conference proceedings
Ekonominės gerovės indeksas; Alternatyvios žmogaus gerovės priemonės; Gyvenimo kokybė; Tvarus vystymasis
Index of Economic Well-Being; Alternative measures of human well-being; Quality of life; Sustainable development
Summary / Abstract:

ENThis study estimates the index of economic well-being (IEWB) for fifteen Central European countries over the period 1991–2010, comparing this index with GDP at per capita level and growth rate. The paper reveals that certain components of the IEWB, which are not included in the measurement of GDP per capita, have grown slower and thus hampered the growth of overall economic well-being relative to GDP per capita growth. If the economic well-being of citizens is not growing as fast as an increase in GDP per capita in a specific country, it could mean there are some problems in social policy and recent changes. IEWB could thus be considered as an indicator of social policy based on consumption, sustainability, equity and security, the main idea of which is to reach the stage where there is a minimal difference between GDP per capita growth rate and well-being indicators [From the publication]

2397-6934, 9781911185949
2020-03-17 12:02:14
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