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The Index of Economic Well-being for New Brunswick, 1981-2019

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  • Andrew Sharpe

Abstract

This report presents estimates of the Index of Economic Well-being (IEWB) and its four domains (consumption flows, stocks of wealth, economic equality and economic security) for New Brunswick from 1981 to 2019. We find that the IEWB for New Brunswick increased at an average annual rate of 1.34 percent per year over the period. Among the four domains that compose the IEWB, consumption and equality have had positive growth rates, while the wealth domain and the security domain have had small falls. The consumer domain had the highest growth rate (4.31 percent per year) and the equality domain had a growth rate of 1.81 percent per year over the period. The wealth domain declined by 0.24 percent per year and the security domain declined by 0.27 percent per year between 1981-2019. In 2019, among the provinces, New Brunswick is in ninth place, but the province stands out with the second highest ranking in terms of equality. In terms of growth rates, the province had the third highest growth rate in the IEWB between 1981-2019. It also had the second highest growth rate among the provinces in the consumption domain and the best growth rate in the equality domain.

Suggested Citation

  • Andrew Sharpe, 2021. "The Index of Economic Well-being for New Brunswick, 1981-2019," CSLS Research Reports 2021-08, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:1923
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    File URL: http://www.csls.ca/reports/csls2021-08.pdf
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    References listed on IDEAS

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    1. Matthew Calver, 2016. "Measuring the Appropriate Outcomes for Better Decision-Making: A Framework to Guide the Analysis of Health Policy," CSLS Research Reports 2016-03, Centre for the Study of Living Standards.
    2. Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The “Economic” Aspects Of Well‐Being?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, June.
    3. Kimberly Wong, 2020. "A Review of the Literature on Regrettable Expenditures and Implications for the Index of Economic Well-being," CSLS Research Reports 2020-04, Centre for the Study of Living Standards.
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    Index of Economic Well-being; New Brunswick;

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