scholarly journals Does the Credit Cycle Have an Impact on Happiness?

2019 ◽  
Vol 17 (1) ◽  
pp. 183 ◽  
Author(s):  
Tinghui Li ◽  
Junhao Zhong ◽  
Mark Xu
Keyword(s):  
Fixed Effects ◽  
Well Being ◽  
Gdp Per Capita ◽  
Subjective Well Being ◽  
Fixed Effects Model ◽  
Credit Expansion ◽  
Transmission Channels ◽  
Credit Cycle ◽  
Per Capita ◽  
The Relationship

The 2008 international financial crisis triggered a heated discussion of the relationship between public health and the economic environment. We test the relationship between the credit cycle and happiness using the fixed effects model and explore the transmission channels between them by adding the moderating effect. The results show the following empirical regularities. First, the credit cycle has a negative correlation with happiness. This means that credit growth will reduce the overall happiness score in a country/region. Second, the transmission channels between the credit cycle and happiness are different during credit expansion and recession. Life expectancy and generosity can moderate the relationship between the credit cycle and happiness only during credit expansion. GDP per capita can moderate this relationship only during credit recession. Social support, freedom, and positive affect can moderate this relationship throughout the credit cycle. Third, the total impact of the credit cycle on happiness will become positive by the changes in the moderating effects. In general, we can improve subjective well-being if one of the following five conditions holds: (1) with the adequate support from the family and society, (2) with enough freedom, (3) with social generosity, (4) with a positive and optimistic outlook, and (5) with a high level of GDP per capita.

scholarly journals Does the post-socialist past determine the relationship between GDP per capita and education? Evidence from Europe

2018 ◽  
Vol 68 (4) ◽  
pp. 573-589
Author(s):  
Zsuzsanna Banász ◽  
Vivien Valéria Csányi
Keyword(s):  
Economic Growth ◽  
Tertiary Education ◽  
Well Being ◽  
Gdp Per Capita ◽  
Key Factors ◽  
Huge Amount ◽  
Enrolment Rate ◽  
Level Of Education ◽  
Per Capita ◽  
The Relationship

Education is one of the key factors of economic growth. Despite the huge amount of researches investigating the relationship between education and GDP as a proxy of well-being, to the best of our knowledge, none of these studies examined a group of post-socialist countries comparing with not-post-socialist countries. This paper aims to fill this gap. We examine the correlation between growth and education with panel data evidence for 18 post-socialist (PS) countries and 16 developed market economies (DME) over the 1990–2014 period. The goal of this paper is to test two hypotheses: (i) The relationship between GDP per capita and tertiary education’s enrolment rate is stronger in the post-socialist countries than in other countries. (ii) In the post-socialist countries, the relationship between GDP per capita and tertiary education’s enrolment rate is stronger than the relationship between GDP per capita and any other level of education. Correlation analyses confirmed both hypotheses. Our findings suggest that the patterns of relationship between GDP and measures of tertiary education are different for PS and DME countries and would be interesting to observe when and how the gap between the patterns disappears.

scholarly journals The Export Determinants of Indonesian Cut Flower in The International Market

Agro Ekonomi ◽  
2019 ◽  
Vol 30 (1) ◽  
Author(s):  
Niza Arumta ◽  
Jangkung Handoyo Mulyo ◽  
Irham Irham
Keyword(s):  
Gravity Model ◽  
Fixed Effects ◽  
Random Effect ◽  
Random Effect Model ◽  
International Market ◽  
Gdp Per Capita ◽  
Series Data ◽  
Cut Flower ◽  
Fixed Effects Model ◽  
Per Capita

Trade statistics of Indonesian cut flower indicates the potential of Indonesia as an exporting country. The international market becomes more attractive as the increasing trend of demand and the rising cost for producing cut flowers shows the various challenges for emerging countries. This study investigates whether the analytical gravity model fixed effect, common effect or random effect model is proper and what determinants have significant effects to the exports of Indonesian cut flower to partner countries. The data encompasses the period of 2008 to 2017 as the series data and the seven destination export countries from Indonesia as the cross-sectional data, using the panel regression with the basic gravity model. The estimation results show the fixed effects model is the proper model to explain the determinants of bilateral export on cut flower. The estimates imply the corroborate signs with GDP per capita of Indonesia, GDP per capita of partner countries and exchange rate while those variables with the opposite sign are distance and trade openness. Thus, the export promotion, quality improvement and technology development are required in the development of export of cut flower industries.

scholarly journals Wealth inequality and CO2 emissions in emerging economies: The case of BRICS

2020 ◽  
Author(s):  
Goodness C. Aye
Keyword(s):  
Co2 Emissions ◽  
Financial Development ◽  
Emerging Economies ◽  
Fixed Effects ◽  
Wealth Inequality ◽  
Gdp Per Capita ◽  
Fixed Effects Model ◽  
Positive Effects ◽  
Fixed Effects Panel Regression ◽  
Per Capita

As the world battles with the triple problems of social, economic, and environmental challenges, it has become important to focus both policy and research efforts on these. Therefore, this study examines the effect of wealth inequality on CO2 emissions in five emerging economies: Brazil, Russia, India, China, and South Africa. The top decile of wealth share was used as a measure of wealth inequality, while CO2 emissions per capita were used as a measure of CO2 emissions. GDP per capita, population, and financial development (domestic credit to the private sector) were included as control variables. A balanced panel dataset of annual observations from 2000 to 2014 for these countries was used. Both fixed and random effects panel models were estimated, but the Hausman test favoured the use of the fixed effects model. The results based on the fixed effects panel regression model show that wealth inequality, GDP per capita, and population have positive effects on CO2 emissions, while financial development has a negative effect.

scholarly journals Impact Assessment of Macroeconomic Indicators on Happiness Level

2020 ◽  
Vol 17 (4) ◽  
pp. 760-769
Author(s):  
O. N. Antipina ◽  
◽  
A. D. Krivitskaya ◽  
Keyword(s):  
Academic Research ◽  
Well Being ◽  
Gdp Per Capita ◽  
Subjective Well Being ◽  
Negative Consequences ◽  
Macroeconomic Indicators ◽  
Negative Effect ◽  
Per Capita ◽  
Econometric Approach ◽  
The Impact

This paper studies the effects of objective macroeconomic indicators on measures of subjective well-being. This issue is central to the economics of happiness as a modern academic research discipline. The article provides an econometric approach to identifying the impact of changes in macroeconomic indicators on the reported level of happiness. We used models on panel data for 163 countries for the period from 2005 to 2019. The results of modeling showed that GDP per capita has a significant positive effect while unemployment and inflation, a significant negative effect on happiness. Our quantitative results show that unemployment depresses the reported level of happiness more than inflation does. Our research complements a number of macroeconomic studies in the field of public and subjective well-being: it focuses on links between the reported level of happiness and GDP per capita and determines social and economic costs of unemployment and inflation. These studies are of particular importance in the context of digitalization of the economy and the negative consequences of the COVID-19 pandemic.

Forest Sector Dependence and Economic Well-Being in Kentucky: An Econometric Analysis

2021 ◽  
Vol 67 (6) ◽  
pp. 659-669
Author(s):  
Kamana Poudel ◽  
Thomas O Ochuodho
Keyword(s):  
Capita Income ◽  
Fixed Effects ◽  
Well Being ◽  
Pulp And Paper ◽  
Forest Sector ◽  
High Poverty ◽  
Per Capita Income ◽  
Per Capita ◽  
The Relationship ◽  
Economic Well Being

Abstract Kentucky’s forest sector plays an important role in the state’s economic development through provision of market and nonmarket goods and services as well as the employment. The forest-dependent communities are socio-economically diverse with varying poverty rate levels. An aggregate state-level analysis of the forest sector and its contribution to communities’ well-being masks regional differences in how forest sector dependence is related to the economic well-being of dependent communities. In this research, we divided Kentucky into three regions based on county poverty rates and used common indicators of forest sector dependence and economic well-being to assess this relationship at regional level. We used panel data from 2010 to 2017 and ran fixed effects regression to assess this relationship. Results show that the relationship between secondary wood manufacturing, pulp and paper dependence and per capita income was negative in high-poverty counties whereas the relationship between pulp and paper dependence and per capita income was positive in medium-poverty counties. This reflects high structural difference in economies of medium-poverty counties relative to high-poverty counties. Most of the high-poverty counties are in rural areas with limited job opportunities. Policy interventions on capacity building and workforce training in high-poverty counties is necessary for sustained forest industries in these regions.

Organizational Justice enhances Subjective Well-being

2016 ◽  
Vol 3 (3) ◽  
Author(s):  
Ms. Anjali Sahai ◽  
Prof. (Dr). Abha Singh
Keyword(s):  
Organizational Justice ◽  
Satisfaction With Life ◽  
Interactional Justice ◽  
Well Being ◽  
Adverse Outcomes ◽  
Satisfaction With Life Scale ◽  
Subjective Well Being ◽  
Negative Experience ◽  
Life Scale ◽  
The Relationship

Organizational Justice has the potential to create major impact on organizations and employees alike. These include greater commitment, trust, enhanced job performance, more citizenship behaviors and less number of conflicts. It has been reported that employees seem to have a universal concern for Justice that transcends the self and that many are subject to biases at various point of time in their work life. Sometimes these biases lead to adverse outcomes including decreased level of subjective well-being. Subjective well-being is a broad category that includes life satisfaction, positive affect, and low negative affect, such as anger, sadness and fear. Thus to study the relationship between Organizational justice and subjective well-being, a sample of 88 employees working in Private Universities of NCR region were examined. For this purpose, the Organizational Justice scales consisting of Measure of Procedural & Interactional Justice and Distributive Justice Index scale by Moorman, Blakely & Niehoff (1998) and Subjective Wellbeing Scales inclusive of the Satisfaction with Life Scale(SWLS),Scale of Positive and Negative Experience(SPANE) and Flourishing Scale (FS) by Ed Diener (2004)were used. Results indicate significant relationship between the three types of Organizational justice and subjective well-being of employees.

Multi-dimensional Individual Work Performance: Predictors and Mediators

2019 ◽  
Vol 7 (1) ◽  
pp. 54-60 ◽  
Author(s):  
Rostiana Rostiana ◽  
Daniel Lie
Keyword(s):  
Work Engagement ◽  
Organizational Support ◽  
Work Performance ◽  
Psychological Empowerment ◽  
Well Being ◽  
Subjective Well Being ◽  
Individual Work ◽  
Holistic Understanding ◽  
Perceived Organisational Support ◽  
The Relationship

Objective - Individual work performance (IWP) has been researched time and time again in the past few decades. Interestingly enough, existing research on IWP focuses mainly on the area of work production and lacks an in-depth holistic understanding of IWP and other interrelated work behaviours. In this study, IWP is explored in the context of a multidimensional construct that includes the dimensions of task, contextual, and counterproductive behaviours. The purpose of this research is to investigate whether the three variables of work engagement (WE), psychological empowerment (PE), and subjective well-being (SWB) mediate and correlate with the relationship between perceived organisational support (POS) and IWP. Methodology/Technique - 780 employees from 4 organisations in Jakarta were selected to participate in this study. The respondents were tasked with responding to five questionnaires including (1) IWP of Koopmans, (2) POS of Eisenberger, (3) SWB of Diener, (4) WE of Baker and Schaufeli, (5) PE of Spreitzer. The data was analysed using structural equation modelling. Findings - The results show that the proposed structural model aligns with the empirical data [X2 (0, N = 780) = 0, p = 1.000; RMSEA=.000]. This research concludes that the relationship between POS and IWP is best mediated by either WE, PE or SWB. Among the three mediators, WE plays the greatest role in mediating the relationship between POS and IWP. Novelty - These findings expand on previous research on the weak relationship between POS and IWP. Type of Paper - Empirical. Keywords: Individual Work Performance; Perceived Organizational Support; Psychological Empowerment; Subjective Well-being; Work Engagement. JEL Classification: L20, L25, L29.

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