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Incorporating Qualitative Indicators of Well - Being into Quantitative Economic Research

Author

Listed:
  • Gawlik, Remigiusz
  • Gołębiowski, Kamil

Abstract

The paper discusses common approaches to quality of life and human well – being issues. It provides a literature overview of most recent concepts in this field. The idea of Bhutan’s Gross National Happiness Index has been opposed to the most popular measure of human life quality – the Gross Domestic Product. Moreover, it aims at attiring the attention of economists to the need for enlarging their quantitative research instrumentarium by qualitative indicators. Finally, the authors propose their own index, that incorporates both qualitative and quantitative drivers of well – being into one aggregated measure.

Suggested Citation

  • Gawlik, Remigiusz & Gołębiowski, Kamil, 2014. "Incorporating Qualitative Indicators of Well - Being into Quantitative Economic Research," MPRA Paper 58587, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58587
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    References listed on IDEAS

    as
    1. Carol Graham, 2005. "Insights on Development from the Economics of Happiness," The World Bank Research Observer, World Bank, vol. 20(2), pages 201-231.
    2. Simon Kuznets, 1934. "National Income, 1929-1932," NBER Books, National Bureau of Economic Research, Inc, number kuzn34-1, December.
    3. Frey, Bruno S & Stutzer, Alois, 2000. "Happiness, Economy and Institutions," Economic Journal, Royal Economic Society, vol. 110(466), pages 918-938, October.
    4. Rafael Di Tella & Robert J. MacCulloch & Andrew J. Oswald, 2003. "The Macroeconomics of Happiness," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 809-827, November.
    5. Bruno S. Frey, 2008. "Happiness: A Revolution in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062771, December.
    6. Bruno S. Frey, 2018. "Economics of Happiness," SpringerBriefs in Economics, Springer, number 978-3-319-75807-7, January.
    7. Easterlin, Richard A., 1974. "Does Economic Growth Improve the Human Lot? Some Empirical Evidence," MPRA Paper 111773, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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