HAPPINESS AND ECONOMIC ACTIVITY

Tina Ralašić and Željko Bogdan
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Željko Bogdan: Faculty of Economics & Business, University of Zagreb

Ekonomski pregled, 2018, vol. 69, issue 4, 350-395

Abstract: Traditional macroeconomic analysis uses few “objective indicators” as life quality indicators. Among them gross domestic product (GDP) is commonly used but recently some scientists disallow adequacy of GDP in observing of life quality and happiness of population. This paper reviews literature which investigates the relationship between happiness and economic activity. Additionally, few life quality indicators are also observed (including Croatian position). Also Hendal’s index of optimism (HIO) and National index of happiness (NIH) with their components are also observed which showed that Croatians does not belong to the happiest populations.

Keywords: GDP; life quality indicators; Easterlin paradox; Hendal’s index of optimism; National index of happiness (search for similar items in EconPapers)
JEL-codes: E71 I31 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:hde:epregl:v:69:y:2018:i:4:p:350-395

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