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The economic antecedents of human well-being: a pooled mean group estimation of dynamic heterogeneous panel

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dc.contributor.authorR. Ratneswary V. Rasiah
dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T19:25:45Z
dc.date.available2016-06-06
dc.date.available2016-07-25T19:25:45Z
dc.date.disclosure2016-06-10
dc.date.issued2015
dc.description.abstractThis study seeks to investigate the economic antecedents of happiness by employing the Mean Group (MG), Pooled Mean Group (PMG) and the Dynamic Fixed Effects (DFE) estimators to analyse a set of macro panel data on selected OECD countries for 40 years from 1973 to 2012. The results show evidence that income and unemployment have a favourable impact on happiness, while happiness is hindered by inflation and income inequality. Surprisingly, the study revealed that institutional quality is not a significant antecedent of happiness. It is worth noting the importance of the reference group theory or relative theory of happiness and the set-point theory of happiness in explaining the role played by income, unemployment, inflation, income inequality and institutional quality in explaining human well-being.
dc.identifier.citationV. Rasiah, R. Ratneswary and Habibullah, Muzafar Shah and Abdul Hamid, Baharom. (2015). The Economic antecedents of human well-being: a pooled mean group estimation of dynamic heterogeneous panel. Advanced Science Letters, 21 (5), pp. 1158-1161.
dc.identifier.doihttps://doi.org/10.1166/asl.2015.6015
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/1313
dc.languageEnglish
dc.language.isoeng
dc.publisherAmerican Scientific Publishers
dc.rights2015. American Scientific Publishers
dc.sourceCRP
dc.subjectEconomic antecedents of happiness
dc.subjectIncome
dc.subjectUnemployment
dc.subjectInflation
dc.subjectIncome inequality
dc.subjectInstitutional quality
dc.titleThe economic antecedents of human well-being: a pooled mean group estimation of dynamic heterogeneous panel
dc.typeJournal Article
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
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relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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