Alternatives to GDP - Measuring the impact of natural disasters using panel data
In: Journal of economic and social measurement, Band 41, Heft 3, S. 265-287
ISSN: 1875-8932
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In: Journal of economic and social measurement, Band 41, Heft 3, S. 265-287
ISSN: 1875-8932
In: Applied Economics Quarterly, Band 61, Heft 2, S. 115-139
ISSN: 1865-5122
In: IWH discussion papers no. 13/2016
Using data from the OECD Regional Well-Being Index - a set of quality-of-life indicators measured at the sub-national level, we construct a set of composite well-being indices. We analyse the extent to which the choice of five alternative aggregation methods affects the well-being ranking of regions. We find that regional inequality in these composite measures is lower than regional inequality in gross-domestic product (GDP) per capita. For most aggregation methods, the rank correlation across regions appears to be quite high. It is also shown that using alternative indicators instead of GDP per capita would only have a small effect on the set of regions eligible for aid from EU Structural Funds. The exception appears to be an aggregation based on how individual dimensions of welfare relate to average life satisfaction across regions, which would substantially change both the ranking of regions and which regions would receive EU funds.
In: Journal of common market studies: JCMS, Band 55, Heft 5, S. 1026-1044
ISSN: 1468-5965
AbstractUsing data from the OECD Regional Well‐Being Index – a set of quality‐of‐life indicators measured at the sub‐national level – we construct a set of composite well‐being indices. We analyze the extent to which the choice of five alternative aggregation methods affects the well‐being ranking of regions. We find that regional inequality in these composite measures is lower than regional inequality in real GDP per capita. For most aggregation methods, the rank correlation across regions appears to be quite high. It is also shown that using alternative indices instead of GDP per capita would only have a small effect on the set of regions eligible for aid from EU Structural Funds. The exception appears to be an aggregation based on how individual dimensions relate to average life satisfaction across regions, which would substantially change both the ranking of regions and which regions would be eligible for EU funds.
In: JCMS: Journal of Common Market Studies, Band 55, Heft 5, S. 1026-1044
SSRN
Using data from the OECD Regional Well-Being Index - a set of quality-of-life indicators measured at the sub-national level, we construct a set of composite well-being indices. We analyse the extent to which the choice of five alternative aggregation methods affects the well-being ranking of regions. We find that regional inequality in these composite measures is lower than regional inequality in gross-domestic product (GDP) per capita. For most aggregation methods, the rank correlation across regions appears to be quite high. It is also shown that using alternative indicators instead of GDP per capita would only have a small effect on the set of regions eligible for aid from EU Structural Funds. The exception appears to be an aggregation based on how individual dimensions of welfare relate to average life satisfaction across regions, which would substantially change both the ranking of regions and which regions would receive EU funds.
BASE
In: List Forum für Wirtschafts- und Finanzpolitik, Band 41, Heft 1, S. 23-43
ISSN: 2364-3943