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Interdependence of Quality of Life and Happiness of the Population in Southeast European Countries

Author

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  • Drago Pupavac
  • Milica Delibasic
  • Justin Pupavac
  • Justas Streimikis

Abstract

The aim of this paper is to examine the interdependence between the quality of life measured by gross domestic product per capita (GDP/p.c.) and the happiness of population measured by the happiness index. The analysis is based on recent data from the International Monetary Fund (IMF) on GDP/p.c. as well as the report from the United Nations Sustain-able Development Solutions Network on the World Happiness Index. The subjects of analysis are the happiness of the population of Southeast European countries in European and global contexts and the level of GDP/p.c. at which the amount of happiness becomes independent of income. The research results are based on descriptive and inferential statistics methods. The main finding of this paper points to the need for a significant increase in quality of life in order to increase the happiness of the population of Southeast European countries.

Suggested Citation

  • Drago Pupavac & Milica Delibasic & Justin Pupavac & Justas Streimikis, 2020. "Interdependence of Quality of Life and Happiness of the Population in Southeast European Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 7-15.
    • Handle: RePEc:mje:mjejnl:v:16:y:2020:i:4:7-15
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    1. Andrew E. Clark & Sarah Flèche & Claudia Senik, 2012. "The Great Happiness Moderation," SOEPpapers on Multidisciplinary Panel Data Research 468, DIW Berlin, The German Socio-Economic Panel (SOEP).
    2. Betsey Stevenson & Justin Wolfers, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 1-102.
    3. Betsey Stevenson & Justin Wolfers, 2009. "The Paradox of Declining Female Happiness," American Economic Journal: Economic Policy, American Economic Association, vol. 1(2), pages 190-225, August.
    4. Bruno S. Frey, 2018. "Economics of Happiness," SpringerBriefs in Economics, Springer, number 978-3-319-75807-7, October.
    5. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
    6. Derek Bok, 2010. "The Politics of Happiness: What Government Can Learn from the New Research on Well-Being," Economics Books, Princeton University Press, edition 1, number 9107.
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