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A proposal for a micro-territorial well-being index: the WIT

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  • Massimiliano Serati
  • Fausto Pacicco

Abstract

The literature on the evaluation of how the well-being is measured is full of different contributions, ranging from the subjective measure, to the batch of indicators approach, to the provision of synthetic objective indexes. However, up to date, there is still a lack of such measures on micro-territorial level, i.e. on town-by-town basis. This paper, thanks to the statistic platform 100% Lombardia, aims to develop such indexes, named WIT (Well-being Index for Towns), using a cluster analysis, a Bayesian dynamic factor model and a Panel-FAVARX.
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  • Massimiliano Serati & Fausto Pacicco, 2018. "A proposal for a micro-territorial well-being index: the WIT," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 72(3), pages 77-99, July-Sept.
    • Handle: RePEc:ite:iteeco:180306
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    1. Massimiliano Serati & Fausto Pacicco, 2018. "A proposal for a micro-territorial well-being index: the WIT," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 72(3), pages 77-99, July-Sept.

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