Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being

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Money makes you happy. Or is it vice versa? The present work is an attempt to identify, for Latin America, if economic growth (measured by Gross Domestic Product) as a well-being´sobjective indicator, affects subjective indicators of well-being (happiness). Or, on the contrary, are these subjective...

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Autor principal: Caravaggio, Leonardo A.
Formato: Artículo revista
Lenguaje:Español
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2015
Materias:
panel VAR
felicidad
indicadores subjetivos de bienestar
crecimiento económico
I31
O10
054
happiness
subjective well-being
economic growth
010
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/16412
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
id I10-R10article-16412
record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Español
format Artículo revista
topic panel VAR
felicidad
indicadores subjetivos de bienestar
crecimiento económico
I31
O10
054
panel VAR
happiness
subjective well-being
economic growth
I31
010
054
spellingShingle panel VAR
felicidad
indicadores subjetivos de bienestar
crecimiento económico
I31
O10
054
panel VAR
happiness
subjective well-being
economic growth
I31
010
054
Caravaggio, Leonardo A.
Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
topic_facet panel VAR
felicidad
indicadores subjetivos de bienestar
crecimiento económico
I31
O10
054
panel VAR
happiness
subjective well-being
economic growth
I31
010
054
author Caravaggio, Leonardo A.
author_facet Caravaggio, Leonardo A.
author_sort Caravaggio, Leonardo A.
title Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
title_short Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
title_full Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
title_fullStr Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
title_full_unstemmed Happiness and Economics. A description of the Reciprocal Effects between Subjective and Objective Indicators of Well-being
title_sort happiness and economics. a description of the reciprocal effects between subjective and objective indicators of well-being
description Money makes you happy. Or is it vice versa? The present work is an attempt to identify, for Latin America, if economic growth (measured by Gross Domestic Product) as a well-being´sobjective indicator, affects subjective indicators of well-being (happiness). Or, on the contrary, are these subjective indicators that predict (may be because they determine) the behavior of GDP. On that propose, data on Latin America for the years 1995-2010 had been taken, including both types of indicators (objective and subjective). To avoid a model that imposes a certain direction of causality, an Autoregressive Vector methodology had been chosen, and to preserve the intra-country effects, a Panel model. That is, the methodology used is Panel-VAR. Evidence suggests that these relationships exists and manifest predominantly more strongly in the direction from the subjective to objective variable (except in the case of crisis). The subjective indicator anticipates (Wiener-Grangers cause) the objective indicator.It is also possible to identify differences between happiness and expectations.  
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2015
url https://revistas.unc.edu.ar/index.php/REyE/article/view/16412
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AT caravaggioleonardoa felicidadyeconomiaunadescripciondelosefectosreciprocosentreindicadoressubjetivosyobjetivosdebienestar
bdutipo_str Revistas
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