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all, on government spending, which, in turn, has an insignificant impact on GDP. The paper discusses some policy …
Persistent link: https://www.econbiz.de/10012914328
Transition countries is particularly impressive in this respect: average life satisfaction scores closely mirrored changes in GDP …
Persistent link: https://www.econbiz.de/10013127954
the main pillars of growth of human capital in the country, on the per capita GDP growth rate, the working age population …
Persistent link: https://www.econbiz.de/10012999017
higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …
Persistent link: https://www.econbiz.de/10013132818
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10013137795
Acemoglu and Johnson (2007) present evidence that improvements in population health do not promote economic growth. We show that their result depends critically on the assumption that initial health has no causal effect on subsequent economic growth. We argue that such an effect is likely,...
Persistent link: https://www.econbiz.de/10013081821
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...
Persistent link: https://www.econbiz.de/10013082755
Although cross section relationships are often taken to indicate causation, and especially the important impact of economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader-follower country patterns for variables that are causally...
Persistent link: https://www.econbiz.de/10013083094
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per …
Persistent link: https://www.econbiz.de/10012764241
sectional relation of happiness to GDP per capita. The point-of-time comparison leads to the expectation that the same absolute … increase in GDP per capita will have a bigger impact on SWB in a poorer than a richer country. In fact there is no significant … rate of growth in GDP per capita significantly positively associated with a greater improvement in SWB. In the developing …
Persistent link: https://www.econbiz.de/10012764679