GDP and Economic Well-being: New Evidence from Selected Developed Countries

Ahmad Jafari Samimi

Information Management and Business Review, 2011, vol. 3, issue 2, 63-67

Abstract: GDP per capita often used in judgment about countries economic well-being, but any judgment based on it ignores some issues, therefore argues that a better index of economic well-being is IEWB (Index of Economic Well-being). Stevenson and Wolfers (2008), and Osberg and Sharpe (2001), mentioned that there is a positive relationship between GDP per capita and IEWB .in this paper we study a causal relationship between them; to this purpose we use the data of selected high income countries during 1980-2007.Finding shows that GDP is granger causal of IEWB except Norway that there aren’t any causal relationship between GDP and IEWB.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rnd:arimbr:v:3:y:2011:i:2:p:63-67

DOI: 10.22610/imbr.v3i2.918

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