Is Europe faring well with growth? Evidence from a welfare comparison in the EU-15 (1995–2018) Ghent University
This paper is the first to calculate welfare, measured by the Index of Sustainable Economic Welfare (ISEW), for the EU-15 countries in a standardized and comparable way. This paper does so by building on a case study for Belgium by Van der Slycken and Bleys (2023) that puts forward a "2.0 methodology" with two distinct ISEWs that deal with cross-time and cross-boundary issues. Both welfare and GDP per capita improved in the EU-15 between 1995 ...