Incorporating Qualitative Indicators of Well - Being into Quantitative Economic Research

Remigiusz Gawlik and Kamil Gołębiowski

MPRA Paper from University Library of Munich, Germany

Abstract: The paper discusses common approaches to quality of life and human well – being issues. It provides a literature overview of most recent concepts in this field. The idea of Bhutan’s Gross National Happiness Index has been opposed to the most popular measure of human life quality – the Gross Domestic Product. Moreover, it aims at attiring the attention of economists to the need for enlarging their quantitative research instrumentarium by qualitative indicators. Finally, the authors propose their own index, that incorporates both qualitative and quantitative drivers of well – being into one aggregated measure.

Keywords: Human Life Quality; Determinants of Well – Being; Qualitative & Quantitative Research (search for similar items in EconPapers)
JEL-codes: C45 F68 I31 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-hap and nep-hme
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Published in Managing in an Interconnected World: Pioneering Business and Technology Excellence (2014): pp. 673-682

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58587

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