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Trading between economic variables to maximize happiness: Can governments conduct economic policy making to increase national happiness?
Jönköping University, Jönköping International Business School, JIBS, Economics.
Jönköping University, Jönköping International Business School, JIBS, Economics.
2018 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

In recent years happiness economics has started to become more relevant among researchers of various fields. Inspired by the World Happiness Report that describes the state of global happiness, the purpose of this study is to investigate how the economic variables as population growth, unemployment, inflation, gross domestic product and corruption affects happiness. The methodology follows from a series of data containing the endogenous variables that are run against happiness using two estimation techniques, pooled OLS and fixed effect. The results show that an increase in population has a negative effect on happiness whilst an increase in GDP has a positive effect on happiness using the fixed effect. For the other variables all except inflation were significant in the pooled OLS estimation, however with an unreasonable high R-square the conclusions drawn from this estimation technique needs to be taken with precaution.  Conclusively, this paper has an emphasis on the possibility of introducing national happiness when revising different policies, keeping in mind that national happiness should not be the top priority. 

Place, publisher, year, edition, pages
2018.
Keywords [en]
Economics, Happiness, Inflation, Employment, Economic growth, Population, Corruption, Policy Making
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-41482ISRN: JU-IHH-NAA-1-20180126OAI: oai:DiVA.org:hj-41482DiVA, id: diva2:1249012
Examiners
Available from: 2018-09-18 Created: 2018-09-18 Last updated: 2018-09-18Bibliographically approved

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