Indicators for Measuring the Standard of Living - Theoretical and Applied Aspects

Boryana Trifonova () and Borislava Galabova
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Boryana Trifonova: Sofia University of Mining and Geology

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2017, issue 2, 49-57

Abstract: This study is devoted to the theoretical-applied aspects of the question about the indicators for measuring the standard of living. Its aim is to analyze, systematize and present them in their entirety and rich diversity. The study is based on the use of commonly accepted and widely known scientific methods. All indicators that directly or indirectly illustrate the state and dynamics of the standard of living have been analyzed. A critical review of the essence and key features of the indicators allows to highlight their main strengths and weaknesses. On this basis, some conclusions can be drawn about their application in modern socio-economic conditions.

Keywords: standard of living; macroeconomic parameters; economic well-being; economic development (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:y:2017:i:2:p:49-57

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