Page 25 - Contributed Paper Session (CPS) - Volume 6

CPS1472 Mahmoud Mohamed ElSarawy
The concepts of living standards are controversial concepts in the economic
history and the challenging of raising the standard of living is the most
important challenges facing planners and decision makers. Accordingly, the
planners should determine the position of the components of the standard of
living and also a clear plan that taken into account all of the income and
standard of living variables before deciding to increase rates or improvement
in living standards.

2. Importance of Study
We can get from the introduction that it is important to make a statistical
analysis for the population characteristics for very high and medium human
development countries and also stands on the development of variables and
indicators used through a time series data when compiling the wellbeing
index, and also use its indicators in international comparisons, also to monitor
the value of the change in the levels of well-being for this country, identifying
the variables responsible for the largest share of change, whether positively or
negatively.

3. Objectives
Building an indicator to measure the well-being in Egypt and Malaysia in
2017, using 19 indicator and 5 indexes (GDP Index, Education index,
Employment Index, Women Participation Index, Health Index). Also, we will use
this indicator to do comparisons between Egypt and Malaysia community.

4. Methodology
This paper will use a new technique to measure the level of wellbeing for
Egypt and Malaysia. The proposed technique includes 19 variables and
indicators which related to measure the quality of social and economic life like
equality in education, health care, economic security from job loss and
unemployment indicators.
Before calculating the index of well-being, it must build the five guides of
the key dimensions of well-being separate. And to calculate the evidence of
these dimensions, it should first determine by maximum and minimum values
(Hypotheses for the guide):

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