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Academic Journal
SYSTEMATIZATION OF THE APPROACHES ASSESSING SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRIES BY USING WELFARE INDEX
S A Balashova, E O Nakhatakyan
RUDN Journal of Economics, Vol 25, Iss 2, Pp 219-232 (2017)
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| Title | SYSTEMATIZATION OF THE APPROACHES ASSESSING SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRIES BY USING WELFARE INDEX |
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| Authors | S A Balashova, E O Nakhatakyan |
| Publication Year |
2017
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| Source |
RUDN Journal of Economics, Vol 25, Iss 2, Pp 219-232 (2017)
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| Description |
Nowadays there is a lack of a unified approach to the welfare definition and methods for its assessment, therefore this article combines different welfare indices, analyzes their features, as well as the indicators that they include.The classification of these indices in accordance with the three theoretical approaches is suggested: objective, which is based on the statistical data; subjective, which is based on the subjective opinion of the population and objective-subjective, which combines both of the above mentioned approaches. The relevance of well-being indices is analyzed; it is also proven the interrelation of well-being indices with the traditional socio-economic indicators. It is defined that the correct assessment of well-being achieved by using objective-subjective indices, which take into account the statistical data as well as subjective opinion of the population.
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| Document Type |
article
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| Language |
English
Russian |
| Publisher Information |
Peoples’ Friendship University of Russia (RUDN University), 2017.
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| Subject Terms | |
