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Life Satisfaction, Income, Security And Environment: An Interregional Econometric Model Of 372 Regions From Europe, America, Asia And Oceania In Year 2016

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  • GUISAN, Maria-Carmen

Abstract

This study analyzes the relationship between Life Statisfaction and several indicators related with income, security and environmental quality, estimating an interregional econometric model using data for 372 regions from 32 countries of the World, with OECD regional statistics in year 2016. Among the indicators of security we include labor security (related with a low unemployment rate), health security (related with high life expectation), and life security (related with low homicides rate). We include also income per capita and an indicator of pollution. In spite of the great impact of these variables, there are also other missing explanatory variables and we have included some dummy variables to have into account special circumstances. Average Life satisfaction varies from 4.77 in the lowest group of regions to 7.69 in the highest one. Average Unemployment Rate varies from 13.72 to 5.11 and average disposal income per capita, in thousand constant USD at PPPs, varies from 8.10 in group 1 to 20.93 in group 7. Life Expectaction takes an average value in group 1 of 77.94 and values higher than 80 in 5 of the 7 groups. The highest value of pollution corresponsds to group 1 (22.08 PM2.5) and the lowest to group 7 (9.23 PM2.5). There is a great variability of the homicides rate.

Suggested Citation

  • GUISAN, Maria-Carmen, 2022. "Life Satisfaction, Income, Security And Environment: An Interregional Econometric Model Of 372 Regions From Europe, America, Asia And Oceania In Year 2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 25-48.
    • Handle: RePEc:eaa:aeinde:v:22:y:2022:i:2_2
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    References listed on IDEAS

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    12. GUISAN, Maria-Carmen, 2021. "World Development For 1995-2020: Econometric Relationships Of Human Capital, Development, Quality Of Government And Life Satisfaction In 164 Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(2), pages 83-112.
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    1. GUISAN, Maria-Carmen, 2024. "Econometric Models of OECD Countries and Regions, 2001-2023," ESTUDIOS ECONOMICOS EECHAPTER, in: M. Carmen Guisan Seijas (ed.), EDUCATION, FREEDOM, INTERNATIONAL DEVELOPMENT AND QUALITY OF LIFE, 2001-2023: INTERNATIONAL. ECONOMIC STUDIES OF AMERICA, EUROPE, AFRICA AND ASIA, edition 1, volume 1, chapter 2, pages 43-72, Euro-American Association of Economic Development.
    2. GUISAN, Maria-Carmen, 2022. "Quality Of Life In Countries And Regions Of Europe, America, Asia And Oceania: Subjective And Objective Indicators, 2000-2020," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 22(2), pages 5-36.

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    More about this item

    Keywords

    Well-being; Life Satisfaction; Environmental quality; Development; Interregional econometrfic model; Europe; America; Asia; Oceania;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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