Multidimensional economic well-being. Is it measurable? The case of Lombardy
The definition and measurement of economic well-being is receiving growing attention, both in academic research and policy agenda, as a key issue to provide a solid basis for decision-making at all levels, both national and local. There is general agreement among economists and policy-makers about the necessity to go beyond GDP but the convergence towards a new and wider definition and measurement is far from being reached. This is why research and experiments that try to test different definitions and indicators can help, through empirical results, to the ongoing debate. This paper attempts to measure the multidimensional well-being of the Italian Region Lombardy, for the years 1995-2005, along the lines of the Index of Economic Well-Being (IEWB) proposed by the Centre for the Study of Living Standards (Osberg, 1985; Osberg and Sharpe, 2002, 2005). The evolution of the index is aligned with that of per capita GDP from 1995 to 2001 but diverges in the following period because of the fall of regional per capita GDP and consumption in the period 2002-2005 and a contemporary strong growth of the health dimension and of the level of human capital stock (education).
|Date of creation:||2009|
|Contact details of provider:|| Postal: Via Inama 5, 38100 Trento|
Web page: http://www.openloc.eu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cannari Luigi & D'Alessio G., 2002.
"La distribuzione del reddito e della ricchezza nelle regioni italiane,"
Rivista economica del Mezzogiorno,
Società editrice il Mulino, issue 4, pages 809-848.
- Luigi Cannari & Giovanni D'Alessio, 2003. "La distribuzione del reddito e della ricchezza nelle regioni italiane," Temi di discussione (Economic working papers) 482, Bank of Italy, Economic Research and International Relations Area.
When requesting a correction, please mention this item's handle: RePEc:trn:utwpol:0910. 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: (Francesco Rentocchini)
If references are entirely missing, you can add them using this form.