Environmentally Responsible Happy Nation Index: Towards an Internationally Acceptable National Success Indicator |
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Authors: | Yew-Kwang Ng |
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Institution: | (1) Department of Economics, Monash University, Clayton, 3800, Australia |
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Abstract: | Amidst increasing attention to happiness studies by economists, the New Economics Foundation launched in July 2006 the Happy
Planet Index (Marks et al. 2006). This is the ratio of the average happy life years (HLY) to the per capita ecological footprint of the country concerned.
HLY is in turn the product of the average happiness (or life satisfaction) index and the life expectancy index. Some essential
revisions to this index are proposed to reach an internationally acceptable national success indicator that aims positively
at long and happy lives but negatively at the external costs of environmental disruption. Hopefully, this ‘environmentally
responsible happy nation index’ will lead to some re-orientation of both the market and national governments towards something
more fundamentally valuable.
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Keywords: | Happiness Life satisfaction Subjective well-being National success indicators Green GDP Environmental costs Happy life years Happy planet index |
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