IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/125959.html
   My bibliography  Save this paper

Globalization and life satisfaction- evidence from Europe and Central Asia

Author

Listed:
  • Salahodjaev, Raufhon

Abstract

The aim of this study is to explore the relationship between globalization and life satisfaction in Europe and Central Asia over the period of 2005 to 2018. Using the KOF index of globalization, we documented the non-linear (U-shaped) relationship between globalization and subjective wellbeing. Once we account for endogeneity and simultaneity with the aid of a two-step GMM estimator, the turning point is 66 points, which is approximate to the levels of globalization in Albania in 2018. We also report that the sub-dimension of globalization (political, economic and social) are also non-linearly related to life satisfaction. The results are robust to a number of tests.

Suggested Citation

  • Salahodjaev, Raufhon, 2025. "Globalization and life satisfaction- evidence from Europe and Central Asia," MPRA Paper 125959, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:125959
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/125959/1/MPRA_paper_125959.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    2. Bergh, Andreas & Nilsson, Therese, 2010. "Good for Living? On the Relationship between Globalization and Life Expectancy," World Development, Elsevier, vol. 38(9), pages 1191-1203, September.
    3. Daniel C. Hickman & William W. Olney, 2011. "Globalization and Investment in Human Capital," ILR Review, Cornell University, ILR School, vol. 64(4), pages 654-672, July.
    4. ., 2019. "Economic growth and happiness," Chapters, in: Managing without Growth, Second Edition, chapter 9, pages 209-240, Edward Elgar Publishing.
    5. Gurgul, Henryk & Lach, Łukasz, 2014. "Globalization and economic growth: Evidence from two decades of transition in CEE," Economic Modelling, Elsevier, vol. 36(C), pages 99-107.
    6. Dagmar Skodova Parmová & Tulkin Teshabaev & Nargiza Kasimova & Raufhon Salahodjaev, 2024. "Mitigating CO2 Emissions: The Synergy of Foreign Direct Investment and Renewable Energy in Europe and Central Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 620-627, January.
    7. Brahim Gaies & Stephane Goutte & Khaled Guesmi, 2019. "What Interactions between Financial Globalization and Instability?—Growth in Developing Countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 31(1), pages 39-79, January.
    8. Cemalettin Kalayci & P nar Hayaloglu, 2019. "The Impact of Economic Globalization on CO2 Emissions: The Case of NAFTA Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 356-360.
    9. Hassan Gholipour Fereidouni & Youhanna Najdi & Reza Ekhtiari Amiri, 2013. "Do governance factors matter for happiness in the MENA region?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(12), pages 1028-1040, October.
    10. Luechinger, Simon, 2010. "Life satisfaction and transboundary air pollution," Economics Letters, Elsevier, vol. 107(1), pages 4-6, April.
    11. Easterlin, Richard A., 2009. "Lost in transition: Life satisfaction on the road to capitalism," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 130-145, August.
    12. Wade, Robert Hunter, 2004. "Is Globalization Reducing Poverty and Inequality?," World Development, Elsevier, vol. 32(4), pages 567-589, April.
    13. Raufhon Salahodjaev, 2021. "Tolerance, governance and happiness (in)equality: cross-country evidence," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 20(2), pages 280-289, May.
    14. Zafar Nazarov & Anastassia V. Obydenkova, 2020. "Democratization and Firm Innovation: Evidence from European and Central Asian post-Communist States," Post-Communist Economies, Taylor & Francis Journals, vol. 32(7), pages 833-859, October.
    15. Chang, Chun-Ping & Berdiev, Aziz N. & Lee, Chien-Chiang, 2013. "Energy exports, globalization and economic growth: The case of South Caucasus," Economic Modelling, Elsevier, vol. 33(C), pages 333-346.
    16. Lim, Chaeyoon & Putnam, Robert David, 2010. "Religion, Social Networks, and Life Satisfaction," Scholarly Articles 11105537, Harvard Kennedy School of Government.
    17. Wolfgang Jagodzinski, 2010. "Economic, Social, and Cultural Determinants of Life Satisfaction: Are there Differences Between Asia and Europe?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 97(1), pages 85-104, May.
    18. Salahodjaev, Raufhon, 2017. "Government size, intelligence and life satisfaction," MPRA Paper 76902, University Library of Munich, Germany.
    19. Ming-Chang Tsai & Heng-Hao Chang & Wan-chi Chen, 2012. "Globally Happy: Individual Globalization, Expanded Capacities, and Subjective Wellbeing," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 108(3), pages 509-524, September.
    20. P. Kadochnikov & A. Knobel & S. Sinelnikov-Murylev., 2016. "Openness of the Russian economy as a source of economic growth," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
    21. P. Kadochnikov & A. Knobel & S. Sinelnikov-Murylev, 2016. "Openness of the Russian economy as a source of economic growth," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    22. Anastassia V. Obydenkova & Bruno Arpino, 2018. "Corruption and Trust in the European Union and National Institutions: Changes over the Great Recession across European States," Journal of Common Market Studies, Wiley Blackwell, vol. 56(3), pages 594-611, April.
    23. Raufhon Salahodjaev & Bekhzod Djalilov & Iroda Bakieva & Islomjon Kobiljonov, 2024. "The Relationship between Natural Resource Abundance and Human Development in Belt and Road Initiative Countries: The Role of Financial Development," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 45-52, January.
    24. Bruno Arpino & Anastassia V. Obydenkova, 2020. "Democracy and Political Trust Before and After the Great Recession 2008: The European Union and the United Nations," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(2), pages 395-415, April.
    25. Qiang Li & Lian An, 2020. "Corruption Takes Away Happiness: Evidence from a Cross-National Study," Journal of Happiness Studies, Springer, vol. 21(2), pages 485-504, February.
    26. Mohammad Reza Farzanegan & Mehdi Feizi & Hassan F. Gholipour, 2021. "Globalization and the Outbreak of COVID-19: An Empirical Analysis," JRFM, MDPI, vol. 14(3), pages 1-10, March.
    27. Welander, Anna & Lyttkens, Carl Hampus & Nilsson, Therese, 2015. "Globalization, democracy, and child health in developing countries," Social Science & Medicine, Elsevier, vol. 136, pages 52-63.
    28. David Dorn & Justina Fischer & Gebhard Kirchgässner & Alfonso Sousa-Poza, 2008. "Direct democracy and life satisfaction revisited: new evidence for Switzerland," Journal of Happiness Studies, Springer, vol. 9(2), pages 227-255, June.
    29. Hassan Gholipour Fereidouni & Youhanna Najdi & Reza Ekhtiari Amiri, 2013. "Do governance factors matter for happiness in the MENA region?," International Journal of Social Economics, Emerald Group Publishing, vol. 40(12), pages 1028 - 1040, November.
    30. Hassan Gholipour Fereidouni & Youhanna Najdi & Reza Ekhtiari Amiri, 2013. "Do governance factors matter for happiness in the MENA region?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(12), pages 1028-1040, October.
    31. Blanchard, Emily J. & Olney, William W., 2017. "Globalization and human capital investment: Export composition drives educational attainment," Journal of International Economics, Elsevier, vol. 106(C), pages 165-183.
    32. Vladimir S. Izotov & Anastassia V. Obydenkova, 2021. "Geopolitical games in Eurasian regionalism: ideational interactions and regional international organisations," Post-Communist Economies, Taylor & Francis Journals, vol. 33(2-3), pages 150-174, April.
    33. Chun-Hung A. Lin & Suchandra Lahiri & Ching-Po Hsu, 2017. "Happiness and Globalization: A Spatial Econometric Approach," Journal of Happiness Studies, Springer, vol. 18(6), pages 1841-1857, December.
    34. Matthias Opfinger, 2016. "The Easterlin paradox worldwide," Applied Economics Letters, Taylor & Francis Journals, vol. 23(2), pages 85-88, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zafar Nazarov & Anastassia Obydenkova, 2022. "Public Health, Democracy, and Transition: Global Evidence and Post-Communism," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(1), pages 261-285, February.
    2. Raufhon Salahodjaev & Barno Abdullaeva & Shakhnoza Tosheva & Arletta Isaeva, 2021. "Female Parliamentarians and the Distribution of National Happiness," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(4), pages 1571-1585, August.
    3. Cyrille Bergali Kamdem & Thierry Mamadou Asngar & Bruno Emmanuel Ongo Nkoa & Blaise Ondoua Beyene, 2025. "Cultural Diffusion and Happiness: A New Evidence in Sub Saharan Africa," Journal of Happiness Studies, Springer, vol. 26(5), pages 1-24, June.
    4. Christian-Lambert Nguena & Honoré Tekam & Borice Augustin Ngounou & Sostella Arida TchoualaFeutsa, 2024. "Building Joyful cities: is urbanization always pave a path to happiness in Africa?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(4), pages 847-874, December.
    5. Efstratia Arampatzi & Martijn Burger & Elena Ianchovichina & Tina Röhricht & Ruut Veenhoven, 2018. "Unhappy Development: Dissatisfaction With Life on the Eve of the Arab Spring," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(s1), pages 80-113, October.
    6. Estela Núñez-Barriopedro & Rafael Ravina-Ripoll & Eduardo Ahumada-Tello, 2020. "Happiness perception in Spain, a SEM approach to evidence from the sociological research center," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(3), pages 761-779, June.
    7. Burger,Martijn & Hendriks,Martijn & Ianchovichina,Elena, 2022. "Anatomy of Brazil’s Subjective Well-Being : A Tale of Growing Discontent and Polarization in the 2010s," Policy Research Working Paper Series 9924, The World Bank.
    8. David A. Griffith & Hannah S. Lee & Goksel Yalcinkaya, 2023. "Understanding the relationship between advertising spending and happiness at the country level," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(1), pages 128-150, February.
    9. Alberto Chong & Carla Srebot, 2023. "Can Regional Trade Agreements Negatively Impact Primary Schooling?," Open Economies Review, Springer, vol. 34(2), pages 317-339, April.
    10. Cem Başlevent & Hasan Kirmanoğlu, 2017. "Gender Inequality in Europe and the Life Satisfaction of Working and Non-working Women," Journal of Happiness Studies, Springer, vol. 18(1), pages 107-124, February.
    11. Senik, Claudia, 2009. "Direct evidence on income comparisons and their welfare effects," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 408-424, October.
    12. McDonald, Rebecca & Powdthavee, Nattavudh, 2018. "The Shadow Prices of Voluntary Caregiving: Using Panel Data of Well-Being to Estimate the Cost of Informal Care," IZA Discussion Papers 11545, Institute of Labor Economics (IZA).
    13. Aziz N. Berdiev & Brandon Gomes & James W. Saunoris, 2023. "Revisiting the nexus between globalisation and the shadow economy: Untying the influences of de jure versus de facto globalisation," The World Economy, Wiley Blackwell, vol. 46(1), pages 27-54, January.
    14. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    15. Christopher Ambrey & Christopher Fleming, 2014. "Public Greenspace and Life Satisfaction in Urban Australia," Urban Studies, Urban Studies Journal Limited, vol. 51(6), pages 1290-1321, May.
    16. Zerrin K l carslan & Yasemin Dumrul, 2018. "The Impact of Globalization on Economic Growth: Empirical Evidence from the Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 115-123.
    17. Juncal Cuñado & Fernando Gracia, 2013. "Environment and Happiness: New Evidence for Spain," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 112(3), pages 549-567, July.
    18. Grosfeld, Irena & Senik, Claudia, 2008. "The Emerging Aversion to Inequality. Evidence from Poland 1992-2005," CEPREMAP Working Papers (Docweb) 0805, CEPREMAP.
    19. Graafland, Johan, 2023. "Economic freedom and life satisfaction: A moderated mediation model with individual autonomy and national culture," European Journal of Political Economy, Elsevier, vol. 79(C).
    20. Junji Kageyama & Kazuma Sato, 2021. "Explaining the U-shaped life satisfaction: dissatisfaction as a driver of behavior," Journal of Bioeconomics, Springer, vol. 23(2), pages 179-202, July.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:125959. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.