Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/13814
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dc.contributor.authorSpagnolo, N-
dc.contributor.authorBonasia, M-
dc.contributor.authorNapolitano, O-
dc.date.accessioned2017-01-09T16:07:19Z-
dc.date.available2017-01-02-
dc.date.available2017-01-09T16:07:19Z-
dc.date.issued2017-
dc.identifier.citationJournal of Happiness Studies, (2017)en_US
dc.identifier.issn1389-4978-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/13814-
dc.description.abstractThis paper investigates the causality dynamics between happiness and per capita GDP growth and the impact of the recent financial crisis using a VAR-GARCH model for 10 European EMU countries divided in peripheral and non-peripheral members. The rationale of the analysis is to look at the two different dimensions (mean and variance) of economic growth and happiness within a time-series framework. The results show that GDP growth has significant positive effects on happiness in all countries considered, particularly in the PIIGS countries; happiness volatility responds positively to economic uncertainty. The size of this effect is bigger following the most recent crisis period, especially for the PIIGS countries. Our findings confirm the important role played by economic growth in determining population happiness and, most importantly, provides new evidence on the existence of causality linkages between economic uncertainty and happiness volatility.en_US
dc.language.isoenen_US
dc.publisherSpringer Verlagen_US
dc.subjectGARCH modelen_US
dc.subjectGDP growthen_US
dc.subjectHappinessen_US
dc.subjectVolatilityen_US
dc.titleHappy PIIGS?en_US
dc.typeArticleen_US
dc.identifier.doihttps://doi.org/10.1007/s10902-017-9873-y-
dc.relation.isPartOfJournal of Happiness Studies-
pubs.publication-statusAccepted-
Appears in Collections:Dept of Economics and Finance Research Papers

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