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Non-economic Well-being Achievement in Pacific Asia

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  • Mark McGillivray

Abstract

It is well known that income per capita and most widely reported non-economic well-being achievement measures are highly correlated among countries. Yet many countries exhibit higher achievement in the latter than predicted by the former. The reverse is true for many other countries. This paper commences by extracting the inter-country variation in a composite of three widely reported educational and health status indicators not accounted for by variations in income per capita. This extraction is interpreted inter alia as a measure of non-economic well-being. Using data for a sample of Pacific Asian countries, the paper then looks at correlations between this extraction and a number of new or less widely-used well-being measures, in an attempt to find the measure that best captures these achievements.

Suggested Citation

  • Mark McGillivray, 2006. "Non-economic Well-being Achievement in Pacific Asia," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 11(2), pages 178-195.
    • Handle: RePEc:taf:rjapxx:v:11:y:2006:i:2:p:178-195
    DOI: 10.1080/13547860600591184
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