LIFE SATISFACTION, INCOME, SECURITY AND ENVIRONMENT: AN INTERREGIONAL ECONOMETRIC MODEL OF 372 REGIONS FROM EUROPE, AMERICA, ASIA AND OCEANIA IN YEAR 2016

Maria-Carmen Guisan

Applied Econometrics and International Development, 2022, vol. 22, issue 2, 25-48

Abstract: This study analyzes the relationship between Life Statisfaction and several indicators related with income, security and environmental quality, estimating an interregional econometric model using data for 372 regions from 32 countries of the World, with OECD regional statistics in year 2016. Among the indicators of security we include labor security (related with a low unemployment rate), health security (related with high life expectation), and life security (related with low homicides rate). We include also income per capita and an indicator of pollution. In spite of the great impact of these variables, there are also other missing explanatory variables and we have included some dummy variables to have into account special circumstances. Average Life satisfaction varies from 4.77 in the lowest group of regions to 7.69 in the highest one. Average Unemployment Rate varies from 13.72 to 5.11 and average disposal income per capita, in thousand constant USD at PPPs, varies from 8.10 in group 1 to 20.93 in group 7. Life Expectaction takes an average value in group 1 of 77.94 and values higher than 80 in 5 of the 7 groups. The highest value of pollution corresponsds to group 1 (22.08 PM2.5) and the lowest to group 7 (9.23 PM2.5). There is a great variability of the homicides rate.

Keywords: Well-being; Life Satisfaction; Environmental quality; Development; Interregional econometrfic model; Europe; America; Asia; Oceania (search for similar items in EconPapers)
JEL-codes: C5 I31 O57 R11 R15 (search for similar items in EconPapers)
Date: 2022
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