Working Papers


28-March-2013

English

Human capital, tangible wealth, and the intangible capital residual

Statistics Working Paper N. 51 - 2013/2 - Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource stocks are included in the balance sheet.

26-March-2013

English

More than the sum of their parts: valuing environmental quality by combining life satisfaction surveys and GIS data

Statistics Working Paper N. 50 - 2013/1 - While environmental economics studies using stated life satisfaction data have been gaining attention, much of this body of work remains exploratory. In this study we contribute to this body of research by combining OECD data from 4 European countries on life satisfaction and perceptions of environmental quality to provide a broad picture of the environmental determinants of life satisfaction...

21-January-2013

English

OECD Composite Leading Indicators for G7 countries: a comparison of the Hodrick-Prescott filter and the Multivariate Direct Filter Approach

Statistics Working Paper N. 49 - 2012/5 - We estimate the business-cycles of G7 countries, as defined by an ideal 2-10 year bandpass filter applied to country-specific GDP target series (GDP-BP). The paper shows that efficiency gains by the Multivariate Direct Filter Approach (MDFA)over HP are substantial along the full revision-sequence and they are consistent across countries as well as over time, when referenced against GDP-BP.

28-November-2012

English

Approaches to Measuring the Stock of Human Capital: A Review of Country Practices

Statistics Working Paper N. 48- 2012/4 - The paper reviews some national initiatives related to measuring the stock of human capital, indentifies some challenges to be addressed to improve the quality of existing monetary measures of human capital, and suggests developing experimental satellite accounts for education to better understand how human capital is produced and the linkages between education and its non-monetary outcomes.

28-November-2012

English

What makes for a better life? The determinants of subjective well-being in OECD countries: evidence from the Gallup World Poll

Statistics Working Paper N. 47- 2012/3 - This Statistics Working Paper, uses data from the Gallup World Poll to explore the determinants of subjective well-being. The paper builds on the existing literature on the determinants of subjective well-being in three areas. First, the paper systematically examines the drivers of measures of affect as well as the determinants of life satisfaction that are more prevalent in the existing

28-November-2012

English

Measuring the evolution of Korea's material living standards, 1980-2010

Statistics Working Paper N. 45- 2012/2 - This Statistics Working Paper, based on a production-theoretic framework, measures the effects of real output prices, primary inputs, multi-factor productivity growth, and depreciation on Korea’s real net income growth over the past 30 years. The empirical analysis is based on a new dataset for Korea with detailed information on labour and capital inputs, including series on land and

31-January-2012

English

Exploring determinants of subjective wellbeing in OECD countries: evidence from the world values survey

Statistics Working Paper N. 46- 2012/1 - The paper explores issues with assessing wellbeing in OECD countries based on self-reported life satisfaction surveys in a pooled regression over time and countries, at the country level and the OECD average. The results, which are in line with previous studies of subjective wellbeing, show that, apart from income, the state of health, not being unemployed, and social relationships are

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