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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.
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...
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.
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.
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
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
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