<p>In this study, we examine the relationship between total factor productivity&#xa0;(TFP) and subjective well-being&#xa0;(SWB) in European regions. Using OLS and Lewbel IV estimators, we find a significant and positive effect of SWB on TFP. On average, regions that score 1-point higher on SWB report 19% higher TFP levels. Since TFP is an important driver of economic growth, these findings indicate that promoting SWB will benefit economic growth at the regional level.</p>

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Subjective well-being and regional productivity in the European Union

  • Martijn Burger,
  • Sarah Courchesne,
  • Ilias Kostarakos,
  • Chiara Peroni,
  • Francesco Sarracino,
  • Spyridon Stavropoulos

摘要

In this study, we examine the relationship between total factor productivity (TFP) and subjective well-being (SWB) in European regions. Using OLS and Lewbel IV estimators, we find a significant and positive effect of SWB on TFP. On average, regions that score 1-point higher on SWB report 19% higher TFP levels. Since TFP is an important driver of economic growth, these findings indicate that promoting SWB will benefit economic growth at the regional level.