ECONOMIC GROWTH AND HAPPINESS: A CROSS-NATIONS PATH ANALYSIS MODEL

Muchdie, Muchdie (2017) ECONOMIC GROWTH AND HAPPINESS: A CROSS-NATIONS PATH ANALYSIS MODEL. International Journal Of Science and Research (IJSR), 6 (1). pp. 1899-1908. ISSN 2319-7064

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Abstract

This paper directly and indirectly examines the impact of economic growth on happiness, with human development as moderator variable. Cross-nations data on economic growth, human development, and happiness indices were collected from 124 countries and employed in a path analysis model. The results show that economic growth had a direct negative and significant impact on both happiness and human development. Meanwhile, human development had a positive and significant direct impact on happiness. Indirectly, through moderator variable human development, economic growth again had a negative and significant impact on happiness. An implication of this finding was that economic growth is no longer a single important factor of a development indicator. It is then suggested that human development, rather than economic growth, sustainably be promoted in order to make everyone always feels happy

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Depositing User: admin repository uhamka
Date Deposited: 01 Feb 2017 04:36
Last Modified: 01 Feb 2017 04:37
URI: http://repository.uhamka.ac.id/id/eprint/153

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