Journal de l'économie mondiale

Forecasting National Well-being Indicators of Taiwan

Abstract

Huang CY, Lo YY and Chen CI

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.