alexa Abstract | Forecasting National Well-being Indicators of Taiwan
ISSN: 2375-4389

Journal of Global Economics
Open Access

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Research Article Open Access

Abstract

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.

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Author(s): Huang CY, Lo YY and Chen CI

Keywords

Grey model (1,1) , National well-being indicators , Unemployment , Consumption expenditure, Global Market, Socio Economics Status, Economic Growth, Gross Domestic Product ?GDP, Economic Policies, E-Governance, Micro Economics, Financial Crisis, Social Economics, Business Management, Stock Market, Trading, Foreign Exchange, Economic Resources, Banking Research, Global Accounting, E-banking, World banking

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