Studies on well-being indexes by incorporating sustainability concerns

2017 Fiscal Year Final Research Report

• Project/Area Number: 15K17061
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Economic policy
• Research Institution: Ryukoku University
• Principal Investigator: Mizobuchi Hideyuki 龍谷大学, 経済学部, 准教授 (10516793)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Keywords: 統合指標 / より良い暮らし指標 / 包絡分析法

Outline of Final Research Achievements

This study provides a practical proposal for comparing overall well-being by incorporating sustainability concerns. Using the World Bank’s adjusted net savings data as a sustainability indicator, we add an extra dimension to the BLI. Then, we apply a composite indicator and aggregate these 12 indicators for each country into a single number. Moreover, we improve the current method for constructing composite indicators by adopting corrected convex nonparametric least squares (C2NLS). We also examine quantity and productivity indexes, which incorporate composite well-being indicator as a special case. The exact relationships among existing indexes are explored. In the end, we propose a new family of quantity and productivity indexes.

Free Research Field

index number theory