OECD: one or many?. Ranking countries with a composite well-being indicator
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TitleOECD: one or many?. Ranking countries with a composite well-being indicator
This paper provides a composite indicator of well-being for the 35 OECD countries, South Africa, Russia and Brazil for the period 2013-2016, considering data on ten different wellbeing domains from the OECD Better ... [+]
This paper provides a composite indicator of well-being for the 35 OECD countries, South Africa, Russia and Brazil for the period 2013-2016, considering data on ten different wellbeing domains from the OECD Better Life Index (BLI). In a first stage, countries are ranked according to their well-being indicator, constructed combining Data Envelopment Analysis (DEA) with the Benefit-of-the-Doubt (BoD) principle and Multi-Criteria-Decision-Making (MCDM) techniques. In a second stage, well-being clubs are identified using hierarchical cluster analysis, finding that wellbeing is highly polarised. Moreover, as well-being affects people, population size is accounted for in the cluster analysis, showing that for the largest proportion of people in our sample well-being is remarkably low. [-]
Investigation projectWe acknowledge financial support from the Spanish Ministry of Economy and Competitiveness and the European Regional Development Fund (ECO2014-55221-P and ECO2016-75237-R), as well as from the Valencian government (PROMETEOII/2014/053). Moreover, we are thankful for useful comments and suggestions received from the referees.
Bibliographic citationPEIRÓ-PALOMINO, Jesús; PICAZO-TADEO, Andrés J. OECD: One or Many? Ranking Countries wit a Composite Well-Being Indicator. Social Indicators Research, p. 1-23.
© Springer Science+Business Media B.V. 2017
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