Synthetic Indicators of Quality of Life in Europe |
| |
Authors: | Noelia Somarriba Bernardo Pena |
| |
Institution: | 1.Department of Applied Economics,University of Valladolid,Valladolid,Spain;2.Department of Economic Statistics, Economic Structure and International Economic Organization,University of Alcalá,Alcala de Henares,Spain |
| |
Abstract: | For more than three decades now, sociologists, politicians and economists have used a wide range of statistical and econometric
techniques to analyse and measure the quality of life of individuals with the aim of obtaining useful instruments for social,
political and economic decision making. The aim of this paper is to analyse the advantages and disadvantages of three possible
methodologies for obtaining synthetic indicators for the area of welfare and quality of life. These methodologies are Principal
Components Analysis, Data Envelopment Analysis and Measure of Distance P2. Furthermore this paper analyses quality of life in the European Union (EU), as a methodological exercise to demonstrate
the principles of calculation, implications and differences between the three indicator-construction approaches. This analysis
is particularly useful in a scene like the EU, immersed in a deep transformation process and with profound cultural, economic
and social inequalities. Therefore, an analysis of the quality of life and well-being of its inhabitants can play a major
role in ironing out such differences. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|