| Description |
1 online resource (27 pages) |
| Series |
IMF Working Paper ; WP/19/15 |
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IMF working paper ; WP/19/15.
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| Contents |
Cover; Content; Abstract; I. Introduction; II. Role of GNH and GDP in Policymaking and Development; III. Easterlin Paradox; IV. Gross National Happiness: Philosophy and Background; V. GDP Growth and GNH Policies; VI. Evaluating Comovement of GNH and GDP; VII. Conclusion; References; FIGURES; 1. Government Structure in Bhutan; 2. Pillars, Domains and Indicators of GNH 2016; 3. Bhutan: Real GDP per capita 1980-2017; 4. Bhutan: Recent Macroeconomic Developments; 5. Bhutan: Macroeconomic Developments 1980-2017; TABLES; 1. World Happiness Rankings 2017, 2018 |
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2. Bhutan: Details of the Nine Domains of Gross National Happiness3. Sample of GNH Survey Results, 2010 and 2015; 4. Bhutan: GDP Sector Shares and Growth Rates, 1980-89 |
| Summary |
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 |
| Notes |
Print version record |
| Subject |
Economic development -- Bhutan
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Economic development
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Economic history
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Economic policy
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| SUBJECT |
Bhutan -- Economic conditions
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Bhutan -- Economic policy
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| Subject |
Bhutan
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| Form |
Electronic book
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| Author |
Cashin, Paul, author.
|
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International Monetary Fund, issuing body.
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| ISBN |
1484395336 |
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9781484395332 |
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