Abstract
The subjective well-being approach to the valuation of international development is applied to the Millennium Development
Goals (MDGs). Results indicate that the rich countries have particular preference for education, healthcare, and housing;
they are willing to accept compensation for a failure to meet the three targets by 2015. The poor countries view all the MDGs
as important; they are willing accept compensation for a failure to achieve all the targets by 2015. Results also indicate
that what the poor countries are willing to accept in terms of compensation matches the amount that would have been the pledge
of 0.7% proportion of incomes of the rich countries for international aid. These findings imply that the MDGs can be accomplished
at an affordable cost.
Goals (MDGs). Results indicate that the rich countries have particular preference for education, healthcare, and housing;
they are willing to accept compensation for a failure to meet the three targets by 2015. The poor countries view all the MDGs
as important; they are willing accept compensation for a failure to achieve all the targets by 2015. Results also indicate
that what the poor countries are willing to accept in terms of compensation matches the amount that would have been the pledge
of 0.7% proportion of incomes of the rich countries for international aid. These findings imply that the MDGs can be accomplished
at an affordable cost.
- Content Type Journal Article
- Pages 1-19
- DOI 10.1007/s11205-011-9987-2
- Authors
- Edsel L. Beja Jr., Department of Economics, Ateneo de Manila University, 1108 Quezon City, Philippines
- Journal Social Indicators Research
- Online ISSN 1573-0921
- Print ISSN 0303-8300