Open Access. Powered by Scholars. Published by Universities.®
Physical Sciences and Mathematics Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Physical Sciences and Mathematics
Robust Determinants Of Happiness: High-Dimensional Bayesian Treatment Of Model Uncertainty, Milivoje Davidovic
Robust Determinants Of Happiness: High-Dimensional Bayesian Treatment Of Model Uncertainty, Milivoje Davidovic
Graduate Research Theses & Dissertations
The thesis investigates the most relevant economic and institutional determinants of happiness in some 93 countries worldwide, covering the period 2006-2019. We employ the Bayesian Model Averaging (BMA) fixed effect model (country demeaned and time demeaned) using a working panel data set with 651 observations. Our initial goal is to address the problem of model uncertainty in panel data models of happiness, aiming at selecting a set variables that are likely to be included in as "true" model of happiness. In addition, we aim to investigate the causal relationship running from selected economic and institutional variable to index of happiness. …