Globalization and life satisfaction- evidence from Europe and Central Asia

Raufhon Salahodjaev

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this study is to explore the relationship between globalization and life satisfaction in Europe and Central Asia over the period of 2005 to 2018. Using the KOF index of globalization, we documented the non-linear (U-shaped) relationship between globalization and subjective wellbeing. Once we account for endogeneity and simultaneity with the aid of a two-step GMM estimator, the turning point is 66 points, which is approximate to the levels of globalization in Albania in 2018. We also report that the sub-dimension of globalization (political, economic and social) are also non-linearly related to life satisfaction. The results are robust to a number of tests.

Keywords: globalization; life satisfaction; Europe and Central Asia (search for similar items in EconPapers)
JEL-codes: F6 F60 (search for similar items in EconPapers)
Date: 2025-05-04
New Economics Papers: this item is included in nep-cis, nep-hap, nep-inv and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/125959/1/MPRA_paper_125959.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125959

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().