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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
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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
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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
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The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model
Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012102028
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Welfare Gains From Financial Liberalization
Ueda, Kenichi - 2007
Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent with the literature, the gain in the economic growth is...
Persistent link: https://www.econbiz.de/10014400329
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Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
Ganelli, Giovanni - 2007
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...
Persistent link: https://www.econbiz.de/10014400345
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How Tight is too Tight? : A Look At Welfare Implications of Distortionary Policies in Uzbekistan
Grigorian, David A. - 2005
Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from planned to market economy. This approach relied heavily on trade controls, directed credit, and large public investments. A number of financial sector measures were also instituted that distorted...
Persistent link: https://www.econbiz.de/10014401653
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On Price Stability and Welfare
Yehoue, Etienne B. - 2012
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell’Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room...
Persistent link: https://www.econbiz.de/10014395686
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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
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Welfare vs. income convergence and environmental externalities
Bannister, Geoffrey J.; Mourmouras, Alexandros Thomas - 2017
incorporates consumption, leisure, mortality and inequality, and we extend the methodology to include environmental externalities …
Persistent link: https://www.econbiz.de/10011763851