Munich Personal RePEc Archive

Incorporating Qualitative Indicators of Well - Being into Quantitative Economic Research

Gawlik, Remigiusz and Gołębiowski, Kamil (2014): Incorporating Qualitative Indicators of Well - Being into Quantitative Economic Research. Published in: Managing in an Interconnected World: Pioneering Business and Technology Excellence (2014): pp. 673-682.

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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.

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