Estimating Quality of Life and Place with Location Theory: The McBucks Index
Perry Burnett (),
Travis Brooks and
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Perry Burnett: University of Southern Indiana
Travis Brooks: University of Southern Indiana
Patrick Bassett: University of Southern Indiana
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2017, vol. 134, issue 2, 455-472
Abstract Interest in quality of life and place (QOL) has increased dramatically over the past few decades. Traditionally, QOL across geographic areas has been measured with two approaches: objective measures based on revealed preference theory via compensating differentials and subjective or stated preference approaches. While recent work has attempted to statistically link the two approaches, this paper presents a new alternative approach to measuring QOL across geographic areas founded on location theory from the multidisciplinary field of regional science using chain store data. While highly correlated with the other two approaches, the index developed here is also easily and quickly updated and able to provide insights that are not available with the two traditional means.
Keywords: Quality of life; Quality of place; Location theory; McBucks Index; McDonald’s; Starbucks (search for similar items in EconPapers)
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