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A wellbeing framework with adaptive capacity

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Author Info

  • Itismita Mohanty

    ()
    (NATSEM, University of Canberra)

  • Robert Tanton

    ()
    (NATSEM, University of Canberra)

Abstract

In this paper we propose a framework in which individual and community wellbeing have an impact on the sensitivity of an area to an external shock, and the ability of an area to adapt after the external shock. After developing a framework, this paper then concentrates on how best to measure individual and community wellbeing for regional and rural Australia. In this paper, a number of indicators are proposed to measure dimensions of wellbeing; and then a number of dimensions are used to measure a domain. The domains we have included can be described as five “capitals”: so human capital, social capital, built (produced) and financial capital, natural capital and spiritual capital. All these come together to form an individual’s wellbeing. Owing to the fact that different people will place different weights on each of these domains, dimensions and indicators, this paper has not attempted to derive some single indicator of wellbeing. Instead the paper provides a number of different indicators, allowing the reader to decide themselves what weight each would receive. Further, the paper does not try to quantify the indicators, but provides the framework for the indicators.

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Bibliographic Info

Paper provided by University of Canberra, National Centre for Social and Economic Modelling in its series NATSEM Working Paper Series with number 12/17.

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Length: 28 pages
Date of creation: Mar 2012
Date of revision:
Publication status: Published as a NATSEM Working Paper series
Handle: RePEc:cba:wpaper:wp1117

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Postal: University of Canberra, ACT 2601
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Web page: http://www.natsem.canberra.edu.au/
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Keywords: Wellbeing; Adaptive Capacity;

This paper has been announced in the following NEP Reports:

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  1. JonC. Altman & Nicholas Biddle & BoydH. Hunter, 2009. "Prospects For 'Closing The Gap' In Socioeconomic Outcomes For Indigenous Australians?," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 49(3), pages 225-251, November.
  2. P. N. Junankar, 2003. "Estimating the Social Rate of Return to Education for Indigenous Australians," Education Economics, Taylor & Francis Journals, vol. 11(2), pages 169-192.
  3. Nicholas Biddle & John Taylor, 2009. "Are the Gaps Closing? - Regional Trends and Forecasts of Indigenous Employment," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 12(3), pages 263-280.
  4. Steve Bradley & Mirko Draca & Colin Green & Gareth Leeves, 2007. "The magnitude of educational disadvantage of indigenous minority groups in Australia," Journal of Population Economics, Springer, vol. 20(3), pages 547-569, July.
  5. Booth, Alison L. & Carroll, Nick, 2008. "Economic status and the Indigenous/non-Indigenous health gap," Economics Letters, Elsevier, vol. 99(3), pages 604-606, June.
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