ECONOMIC DEVELOPMENT AND HAPPINESS: A CROSS-NATIONS PATH ANALYSIS

Muchdie, Muchdie and Bambang, Dwi Hartono (2016) ECONOMIC DEVELOPMENT AND HAPPINESS: A CROSS-NATIONS PATH ANALYSIS. International Journal of Advanced Research (IJAR), 4 (12). pp. 989-998. ISSN 2320-5407

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Abstract

This paper analysis direct and indirect impacts of economic development indicators that consist of economic growth, human development and global competitiveness, on happiness. Cross-section data on economic growth, human development, global competitiveness and happiness were collected from 123 countries and employed to a path analysis model. The result showed that directly, in Path-1 the impact of economic growth on happiness was negative and significant. Indirectly, the impacts of economic growth on happiness varied depend on the path. In Path-7, P43-P31, the impact of economic growth on happiness through global competitiveness was positive and significant. In Path-8, P43-P32-P21, the impact of economic growth on happiness through global competitiveness and human development was negative, but statistically was not significant. Finally, in Path-9, P42-P21, the impact of economic growth on happiness through humandevelopment was negative but statistically was not significant. The implication of this finding was that economic growth no longer important factor in development, especially when development aimed to make people happy.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Depositing User: admin repository uhamka
Date Deposited: 29 Dec 2016 04:18
Last Modified: 31 Dec 2016 05:47
URI: http://repository.uhamka.ac.id/id/eprint/148

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