Record Details

Economic Freedom and Subjective Well-Being: Empirical Evidence from the MENA Region

Research in Economics and Business: Central and Eastern Europe

View Archive Info
 
 
Field Value
 
Title Economic Freedom and Subjective Well-Being: Empirical Evidence from the MENA Region
 
Creator Oussama, Zaïbi
Ahmed, Hachicha
Fatma, Hachicha
 
Description In this article, we exploit the differences in economic freedom between countries to studythe relationship between developed institutions and subjective well-being for the case of theMENA region over the period 2007–2017, using the Least Squares method panel dataanalysis. We empirically examined the link between subjective well-being and institutionsusing the index of economic freedom as an institutional variable. We found that economicfreedom appears to function as a proxy for developed institutions and that the effect ofsubjective well-being is more pronounced in the presence of the economic freedom variableand these components. According to the data on happiness, the evidence suggests thatcountries with better institutions of economic freedom, captured by the rule of law,regulatory efficiency, open market and limited government, are much more likely toexperience greater subjective well-being.JEL classification codes: O11, O43, O47, P16Keywords: Economic Freedom, Institutions, Happiness, Subjective Well-Being
 
Publisher Research in Economics and Business: Central and Eastern Europe
 
Contributor —
 
Date 2019-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://rebcee.eu/index.php/REB/article/view/150
 
Source Research in Economics and Business: Central and Eastern Europe; Vol 11, No 2 (2019)
1736-9126
1736-9126
 
Language eng
 
Relation http://rebcee.eu/index.php/REB/article/view/150/106