ERHNI : refinements and applications

• Main Authors: Chen, Enjiao, Toh, Jesselyn Shi Ying, Tan, Yu Fen
• Other Authors: School of Humanities and Social Sciences
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Social sciences::Economic theory::Macroeconomics
• Online Access: http://hdl.handle.net/10356/59398
• Institution: Nanyang Technological University

In our paper, we propose for nations to shift emphasis from the current “production-oriented” measurement system to one which focuses on people’s well-being. As GDP is insufficient and that happiness can give us more information about actual utility, we should study happiness and make its maximizati...