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Assessing the Effect of Economic Growth on Well-Being in the Eu-27. A Pareto-Optimum Approach

Monica Răileanu Szeles ()

Working Papers of Institute for Economic Forecasting from Institute for Economic Forecasting

Abstract: In various fields of research self-perceived health has been defined and analyzed as a significant measure of well-being and also as a predictor of health status. This paper examines the economic determinants of self-perceived health in the EU-27 area in order to find whether a common set of governmental policies could improve the self-perceived health and whether this positive effect would remain positive and significant on other measures of well-being as well as across the quintiles of income distribution. In subsidiary, the effect of economic growth on well-being is also examined. A number of panel regression models using the first-difference GMM estimator are applied to comparatively analyze self-perceived health together with other measures of health status and well-being, based on Eurostat data from 2003 to 2012. The empirical results of the paper could provide useful insights for the European health policy and other common actions and policies in the field of economic growth and well-being.

Keywords: self-perceived health; economic growth; well-being. (search for similar items in EconPapers)
JEL-codes: I15 I31 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2016-10
New Economics Papers: this item is included in nep-hap
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