Forecasting National Well-being Indicators of Taiwan
- *Corresponding Author:
- Chen CI
Department of Industrial Management
I-Shou University, Taiwan
E-mail: [email protected]
Received December 01, 2015; Accepted January 19, 2016; Published January 22, 2016
Citation: Chen CI, Huang CY, Lo YY (2016) Forecasting National Well-being Indicators of Taiwan. J Glob Econ 4:174. doi:10.4172/2375-4389.1000174
Copyright: © 2016 Chen CI, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Newly proposed National Well-being Indicators from Taiwan government is investigated in research. These indicators are categorized into two categories and 11 topics based on the OECD’s Your Better Life Index. Three indicators which are consumption expenditure per capita, unemployment rate of age 15 to 24 and real earning are analyzed by grey forecasting model because of complete information provided. The result showed that consumption expenditure will increase, unemployment rate will keep at above 13% and real earning will decrease constantly in the future four year. The government should propose policies to prevent economic downturn in advance.