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Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan
by Sriram Balasubramanian and Paul Cashin

Series:Working Paper No. 19/15
ISBN 9781484389713
Code: #WPIEA2019015

Publication year: 2019

Cdn: $27.00; US: $25.00
Paperback
Language: English
26 pages
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This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the Kingdom of Bhutan, and the relationship between measured well-being and macroeconomic indicators. While there are only a few national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country’s various Five-Year Plans. Consistent with the Easterlin Paradox, available evidence indicates that Bhutan’s rapid increase in national income is only weakly associated with increases in measured levels of well-being. It will be important for Bhutan to undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well-being and macroeconomic concepts such as real national income.
Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 124307 Added: 2019.1.26