 Sustainable development and happinessZahra Fotourehchi International Journal of Happiness and Development, 2021, vol. 6, issue 3, 306-324 Abstract: This study reviews Easterlin Paradox by replacing sustainable development with economic growth for 27 developed and 25 developing countries during 2006-2018 with a dynamic panel model. The results indicate GDP per capita has a positive weak effect on life satisfaction in both developed and developing countries. Moreover, although the positive strong impact of sustainable development on life satisfaction is confirmed in developed countries, this hypothesis is rejected in developing countries. Finally, the hypothesis indicating an inverse U relationship between economic growth and sustainable development with life satisfaction is confirmed in developed countries; however, it is rejected in developing countries. Hence, in developing countries social and environmental dimensions of sustainable development along with improvement in democracy and corruption control should not be ignored to promote happiness. Moreover, in developed countries for avoiding a decrease in happiness, social, economic, political and environmental empowering-encouraging policies should be simultaneously pursued by policy makers. Keywords: economic growth; sustainable development; life satisfaction; dynamic panel model. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijhdev:v:6:y:2021:i:3:p:306-324 Access Statistics for this article More articles in International Journal of Happiness and Development from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.