Goals and Pathways of Public Governance Contribution to Achieve Progress in the Quality of Life

Oana-Ramona Lobonț (), Cristina Criste, Ciel Bovary, Ariana-Denisa Moț and Sorana Vătavu
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Oana-Ramona Lobonț: Finance Department, Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania
Cristina Criste: Doctoral School of Economics and Business Administration, Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania
Ciel Bovary: Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania
Ariana-Denisa Moț: Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania
Sorana Vătavu: Finance Department, Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania

Sustainability, 2024, vol. 16, issue 17, 1-26

Abstract: This research examines the importance of effective public governance in maximising the well-being of citizens in EU member states. Our research strategy used an integrated modelling framework involving data mapping and an autoregressive model with distributed lags (ARDL) for 2012–2022 in the EU member countries. The results demonstrated that the World Governance Indicator (WGI) has a mixed impact on Quality of Life (QL). In the short term, the impact is positive if there is an increase in the level of the public governance indicator, and in the long term, the effect of public governance on the quality of life is negative due to the challenges associated with implementing reforms. Additionally, our results highlighted that, to improve citizens’ quality of life, policies should focus on increasing the Purchasing Power (PP) and Safety of Society (SS) as well as on issues related to Pollution (P) and the Cost of Living (CL). There are similarities between the long-term ARDL analysis estimate and the short-term one, with the latter pointing out that they will be able to have quick positive effects, while pollution and increased living costs have immediate adverse effects on quality of life.

Keywords: public governance; well-being; public policies; sustainable development; bibliometric analysis; data mapping; distributed lag autoregressive model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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