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A Decomposition of Multidimensional Economic Well-being: an application to Spanish regions

Author

Listed:
  • Jesus Perez-Mayo

  • Carlos Díaz-Caro

Abstract

The aim of this paper is to analyze the evolution of well-being changes due to, on one side, the changes in the weighting scheme and, on the other, changes in the indicators along the time. An alternative methodology is proposed in this paper that allows one to decompose a multidimensional index of economic well-being by distinguishing such effects from some dimensions as adjusted consumption, real wealth, inequality and economic security. The analysis is performed between 2000 and 2010 for all the Spanish regions. The main results show the relevance of differentiating between both components of change.

Suggested Citation

  • Jesus Perez-Mayo & Carlos Díaz-Caro, 2015. "A Decomposition of Multidimensional Economic Well-being: an application to Spanish regions," ERSA conference papers ersa15p1711, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa15p1711
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    References listed on IDEAS

    as
    1. Xavier Ramos & Jacques Silber, 2005. "On The Application Of Efficiency Analysis To The Study Of The Dimensions Of Human Development," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 285-309, June.
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    Keywords

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    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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