The literature in economic psychology and quality-of-life studies alludes to a negative relationship between materialism and life satisfaction. In contrast, the macroeconomic literature implies a positive relationship between material consumption and economic growth. That is, materialism may be both good and bad. We develop a model that reconciles…

Both the potential pitfalls of macro-economic policies focused on stimulating economic growth and the problems involved in using GDP as a measure of well-being or economic welfare have long been recognized by economists and researchers from other social sciences. Therefore, it is no surprise that alternative measures for policy-making have been…

The current paper constructs a progress measurement appropriate for measuring multiple and different dimensions of progress. The paper is not meant to be a detailed discussion of the framework but rather a demonstrated application of the measure. The constructed resource-infrastructure-environment progress measure employs a non-monetary evaluation…

The recently published report by the "Commission on the Measurement of Economic Performance and Social Progress" is being discussed and commented from the point of view of social indicators research, which addresses issues of the measurement of well-being and social progress since the 1960s. Some of the recommendations made by the…

Efforts recently attempted to integrate various aspects of economic progress, environmental sustainability and social welfare into an aggregate measure of well-being share one major weakness concerning the identification of key aspects of well-being and of weights to aggregate these dimensions, they all suffer from lack of legitimacy. In this…

This paper presents a new index to quantify, measure and monitor the progress towards the objectives of the Europe 2020 strategy. This index is based on a set of relevant, accepted, credible, easy to monitor and robust indicators presented by the European Commission at the time the strategy was launched. The internal analysis of the index shows…

Food systems are of increasing interest in both research and policy communities. Surveys of post-socialist countries of Central and Eastern Europe (CEE) show high rates of food self-provisioning. These practices have been explained in terms of being "coping strategies of the poor". Alber and Kohler's "Informal Food Production in the…

Sustainable development is a priority area of research in many countries and regions nowadays. This paper illustrates how a multi-stakeholders engagement process can be applied to identify and prioritize the local community's concerns and issues regarding sustainable development in Hong Kong. Ten priority areas covering a wide range of community's…

This study critically investigates the suitability of United Nations' composite indices and other related measures--among which the Gender Inequality Index just released in 2010--to capture gender inequalities in the context of "highly developed" countries, focusing on the case of Europe. Our results indicate that many of the gender gaps…

Well-being is becoming a concept which is more and more involved in any world development consideration. A large amount of work is being carried out to study measurements of well-being, including a more holistic vision on the development and welfare of a country. This paper proposes an idea of well-being and progress being in equilibrium with each…

This paper estimates multidimensional poverty in China by applying the Alkire-Foster methodology to the China Health and Nutrition Survey 2000-2009 data. Five dimensions are included: income, living standard, education, health and social security. Results suggest that rapid economic growth has resulted not only in a reduction in income poverty but…

The question about the contribution of economic growth to subjective well-being has caused long-standing debate in the literature on subjective well-being, and Japan is often mentioned as a typical case of no contribution. With a careful examination of the survey text, nevertheless, this study provides a completely opposite result. In other words,…

Current theories on economic growth are stressing the important role of creativity and innovation as a main driver of regional development. Some perspectives, like Richard Florida's "creative class theory", have elected tolerance and diversity as a core concept in explaining differential development between different places, but his assumptions…

It is of paramount concern for economists to uncover the factors that determine economic growth and social development. In recent years a new field of investigation has come to the fore in which social capital is analysed in order to determine its effect on economic growth. Along these lines the work presented here examines the relationships that…

The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a percentage of all graduates. The measures are as…