Nguyen Khac Quoc Bao; Van Le - In: Borsa Istanbul Review 21 (2021), pp. S80-S89
This paper explores the relationship between global wealth and happiness. We employ a bivariate generalized … autoregressive conditional heteroskedasticity framework for global wealth and happiness represented, respectively, by FTSE All … sentiment. These findings reveal a spiral transmission in daily changes in happiness sentiment and global wealth volatility and …