<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>5</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Riccardo Guidotti</style></author><author><style face="normal" font="default" size="100%">Michele Coscia</style></author><author><style face="normal" font="default" size="100%">Dino Pedreschi</style></author><author><style face="normal" font="default" size="100%">Diego Pennacchioli</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Going Beyond GDP to Nowcast Well-Being Using Retail Market Data</style></title><secondary-title><style face="normal" font="default" size="100%">Advances in Network Science</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2016</style></year></dates><publisher><style face="normal" font="default" size="100%">Springer International Publishing</style></publisher><pages><style face="normal" font="default" size="100%">29–42</style></pages><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">One of the most used measures of the economic health of a nation is the Gross Domestic Product (GDP): the market value of all officially recognized final goods and services produced within a country in a given period of time. GDP, prosperity and well-being of the citizens of a country have been shown to be highly correlated. However, GDP is an imperfect measure in many respects. GDP usually takes a lot of time to be estimated and arguably the well-being of the people is not quantifiable simply by the market value of the products available to them. In this paper we use a quantification of the average sophistication of satisfied needs of a population as an alternative to GDP. We show that this quantification can be calculated more easily than GDP and it is a very promising predictor of the GDP value, anticipating its estimation by six months. The measure is arguably a more multifaceted evaluation of the well-being of the population, as it tells us more about how people are satisfying their needs. Our study is based on a large dataset of retail micro transactions happening across the Italian territory.</style></abstract></record></records></xml>