IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Well-Being – Resorces, Happiness and Capabilities:Theoretical Discussions and the Evidence from the Western Balkans

Listed author(s):
  • Bojana Radovanovic


    (Institute of Economic Sciences, Belgrade, Serbia)

Registered author(s):

    The aim of this paper is two-fold. On the one hand, it aims at presenting discussion on advantages and disadvantages of different approaches to well-being, its indicators and measures. On the other, it aims at presenting empirical evidence on the level of well-being of the peoples in the Western Balkan region. Although resources are necessary for the good-quality life, personal well-being cannot be fully assessed by looking only at the resources people have command of. The alternatives are to focus on people’s subjective well-being, then to create certain objective measure of well-being, as the one within human development approach, or the combination of the two, as within gross national happiness concept or happy planet approach. According to the available data on well-being in the countries of the Western Balkan region for 2012, Croatia is the only country in the region that belongs to a group of upper middle income countries, and which also records high human development. The others are middle income countries with medium level of human development. It is interesting noticing that Albania, which is with Bosnia and Herzegovina at the bottom of the list based on the gross national income (GNI) per capita and human development index (HDI), is region’s leader in the happy planet index (HPI), and among top 20 countries in the world based on this indicator, particularly due to low level of ecological footprint. According the data on the subjective well-being, we can notice that the greatest satisfaction with one’s life is experienced by the people in Croatia. It is also noticeable that reportedly more people in the Western Balkans experience positive feelings than they feel the negative..

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Institute of Economic Sciences in its journal Economic Analysis.

    Volume (Year): 46 (2013)
    Issue (Month): 3-4 ()
    Pages: 152-163

    in new window

    Handle: RePEc:ibg:eajour:v:46:y:2013:i:3-4:p:152-163
    Contact details of provider: Postal:
    12 Zmaj Jovina St, 11000 Belgrade, Serbia

    Phone: +381 11 2622 357, 2623-055
    Fax: +381 11 2181 471
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ibg:eajour:v:46:y:2013:i:3-4:p:152-163. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zorica Bozic)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.