Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe

This study examines the association between governance and human development index with happiness using panel data fixed effect and random effect estimation approach. The findings from the study stresses the importance of good governance in influencing the increase in life satisfaction. It can be in...

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Main Authors: Hui, Cathrine Chan Bao, Muhammad Asraf, Abdullah, Kueh, Jerome, Audrey, Liwan, Rosita, Hamdan
Format: Proceeding
Language:English
Published: 2016
Subjects:
Online Access:http://ir.unimas.my/id/eprint/17913/
http://ir.unimas.my/id/eprint/17913/1/Cathrine%20Chan.pdf
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author Hui, Cathrine Chan Bao
Muhammad Asraf, Abdullah
Kueh, Jerome
Audrey, Liwan
Rosita, Hamdan
author_facet Hui, Cathrine Chan Bao
Muhammad Asraf, Abdullah
Kueh, Jerome
Audrey, Liwan
Rosita, Hamdan
author_sort Hui, Cathrine Chan Bao
building UNIMAS Institutional Repository
collection Online Access
description This study examines the association between governance and human development index with happiness using panel data fixed effect and random effect estimation approach. The findings from the study stresses the importance of good governance in influencing the increase in life satisfaction. It can be interpreted that good governance stimulates happiness in a positive manner. It is worth mentioning that good governance is crucial if the objective of the government is to raise life satisfaction of its citizens. The government in developed Asia and Europe can increase happiness and promote inequality through enhancement in the quality of governance. This can be done by ensuring good practices in managing the economy and resources of the country. However, the relationship between human Development Index as a proxy for socio-economic achievement and happiness is inconclusive and not significant. This finding is not as expected because past studies have supported the significance of health and social connectedness on happiness for example Easterlin (2003). Nevertheless, control variables such as inflation and unemployment show negative associations with happiness which are in line with past literature for example Clark and Oswald (1994); Winkelmann and Winkelmann (I998); and Agan, Sevinc and Orhan (2009).
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format Proceeding
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institution Universiti Malaysia Sarawak
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language English
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publishDate 2016
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spelling unimas-179132022-01-14T07:51:16Z http://ir.unimas.my/id/eprint/17913/ Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe Hui, Cathrine Chan Bao Muhammad Asraf, Abdullah Kueh, Jerome Audrey, Liwan Rosita, Hamdan H Social Sciences (General) This study examines the association between governance and human development index with happiness using panel data fixed effect and random effect estimation approach. The findings from the study stresses the importance of good governance in influencing the increase in life satisfaction. It can be interpreted that good governance stimulates happiness in a positive manner. It is worth mentioning that good governance is crucial if the objective of the government is to raise life satisfaction of its citizens. The government in developed Asia and Europe can increase happiness and promote inequality through enhancement in the quality of governance. This can be done by ensuring good practices in managing the economy and resources of the country. However, the relationship between human Development Index as a proxy for socio-economic achievement and happiness is inconclusive and not significant. This finding is not as expected because past studies have supported the significance of health and social connectedness on happiness for example Easterlin (2003). Nevertheless, control variables such as inflation and unemployment show negative associations with happiness which are in line with past literature for example Clark and Oswald (1994); Winkelmann and Winkelmann (I998); and Agan, Sevinc and Orhan (2009). 2016 Proceeding PeerReviewed text en http://ir.unimas.my/id/eprint/17913/1/Cathrine%20Chan.pdf Hui, Cathrine Chan Bao and Muhammad Asraf, Abdullah and Kueh, Jerome and Audrey, Liwan and Rosita, Hamdan (2016) Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe. In: 7th International Borneo Business Conference, 7-8 September 2016, Universiti Malaysia Sabah, Sabah, Malaysia.
spellingShingle H Social Sciences (General)
Hui, Cathrine Chan Bao
Muhammad Asraf, Abdullah
Kueh, Jerome
Audrey, Liwan
Rosita, Hamdan
Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title_full Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title_fullStr Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title_full_unstemmed Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title_short Examining The Influences Of Governance And Economic Development Level On Happiness:Case Of High Income Asia And Europe
title_sort examining the influences of governance and economic development level on happiness:case of high income asia and europe
topic H Social Sciences (General)
url http://ir.unimas.my/id/eprint/17913/
http://ir.unimas.my/id/eprint/17913/1/Cathrine%20Chan.pdf