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Assessing the Effect of Economic Growth on Well-Being in the Eu-27. A Pareto-Optimum Approach

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  • Monica Raileanu Szeles

    (Transilvania University of Brasov and Institute for Economic Forecasting, Romanian Academy)

Abstract

In various fields of research self-perceived health has been defined and analyzed as a significant measure of well-being and also as a predictor of health status. This paper examines the economic determinants of self-perceived health in the EU-27 area in order to find whether a common set of governmental policies could improve the self-perceived health and whether this positive effect would remain positive and significant on other measures of well-being as well as across the quintiles of income distribution. In subsidiary, the effect of economic growth on well-being is also examined. A number of panel regression models using the first-difference GMM estimator are applied to comparatively analyze self-perceived health together with other measures of health status and well-being, based on Eurostat data from 2003 to 2012. The empirical results of the paper could provide useful insights for the European health policy and other common actions and policies in the field of economic growth and well-being.

Suggested Citation

  • Monica Raileanu Szeles, 2016. "Assessing the Effect of Economic Growth on Well-Being in the Eu-27. A Pareto-Optimum Approach," Working Papers of Institute for Economic Forecasting 161002, Institute for Economic Forecasting.
    • Handle: RePEc:rjr:wpiecf:161002
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    References listed on IDEAS

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    More about this item

    Keywords

    self-perceived health; economic growth; well-being.;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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