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Gross national happiness and macroeconomic indicators in the Kingdom of Bhutan

Balasubramanian, Sriram; Cashin, Paul A. - 2019

This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country … undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well …

Persistent link: https://www.econbiz.de/10012001578

Illuminating economic growth

Hu, Yingyao; Yao, Jiaxiong - 2019

satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in … results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP …

Persistent link: https://www.econbiz.de/10012019789

Quality of government and living standards : adjusting for the efficiency of public spending

Grigoli, Francesco; Ley, Eduardo - 2012

It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10009620981

Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Grigoli, Francesco - 2012

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10014395682

The (subjective) well-being cost of fiscal policy shocks

Eklou, Kodjovi M.; Fall, Mamour - 2020

Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...

Persistent link: https://www.econbiz.de/10012170083

Multiple dimensions of Human Development Index and public social spending for sustainable development

Paliova, Iana; McNown, Robert F.; Nülle, Grant - 2019

Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) - standard of living, education and health, and their...

Persistent link: https://www.econbiz.de/10012103758

Understanding Chile's social unrest in an international perspective

Hadzi-Vaskov, Metodij; Ricci, Luca Antonio - 2021

We aim to provide a broad descriptive overview of Chile's social issues, in comparison to other countries and over time, in order to place the recent social unrest in historical and international perspectives which can help prepare the ground for future policy priorities. We follow an eclectic...

Persistent link: https://www.econbiz.de/10012610701

Predictive density aggregation : a model for global GDP growth

Caselli, Francesca; Grigoli, Francesco; Lafarguette, Romain - 2020

In this paper we propose a novel approach to obtain the predictive density of global GDP growth. It hinges upon a bottom-up probabilistic model that estimates and combines single countries' predictive GDP growth densities, taking into account cross-country interdependencies. Speci?cally, we...

Persistent link: https://www.econbiz.de/10012251413

A monthly indicator of economic growth for low income countries

Stanger, Michael - 2020

Monthly economic indicators support policy analysis of current economic developments and forecasting. This paper presents an overview of the data and statistical requirements to develop those indicators taking into account resource constraints that LIC typically face. We review statistical...

Persistent link: https://www.econbiz.de/10012252734

Mongolia : Measuring the Output Gap

Bersch, Julia - 2011

This paper compares the output gap estimates for Mongolia based on a number of different methods. Special attention is paid to the substantial role of mining in the Mongolian economy. We find that a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of...

Persistent link: https://www.econbiz.de/10014401317