| Quality of life indices get special attention because of their all inclusive nature which focuses on location specific characteristics. An analysis of consumer’s decision making indicates that the weights used for the regional amenities considered and included in the index should not vary across regions. Given this, a quality of life index is computed for Albania, Bulgaria, Czechoslovakia, Hungary, Poland, and Romania assuming that all amenities are equally weighted. All amenities considered are scaled from 0 - 100, so that the index is independent of units of measurement. According to the adopted quality of life criterion Romania is on the top of the ranking followed by Poland, Czechoslovakia, Albania, Bulgaria, and Hungary. A comparison of the quality of life values with the per capita Phare funding indicate that the allocation of funds supports the integration process the Central and East European Countries. |
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