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WHY ARE THEY SO HAPPY WHEN OTHERS ARE SO UNHAPPY? THE THEOLOGY AND ETHICS OF ECONOMIC DEVELOPMENT

Christopher Warburton

Applied Econometrics and International Development, 2022, vol. 22, issue 1, 5-18

Abstract: This paper investigates: (i) whether per capita income is positively correlated with the Happiness Index, (ii) whether per capita income can significantly increase the levels of happiness in a select number of countries, (iii) whether health and productivity positively and significantly correlate with happiness, and (iv) whether per capita income can significantly proxy the feelings of happiness. It finds that per capita income positively correlates with happiness and that per capita income elevates the Happiness Index for a select number of countries. The citizens of countries that have maintained a reasonable balance between the delivery of social services (development) and economic growth have produced impressive results about their state of happiness (welfare). The paper concludes that ethics (religious and/or secular) can no longer be ostracized from public policy decisions if nations want their citizens to be happy.

Keywords: Happiness; Ethics; Economic Development (search for similar items in EconPapers)
JEL-codes: D63 D64 H11 H41 I14 I15 (search for similar items in EconPapers)
Date: 2022
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