Human Development and Sterling's Paradox :Evidence from Developing Countries

Document Type : Research Paper

Authors

Economic

10.22103/jdc.2025.24386.1514

Abstract

Achieving a happy community has become one of the most important goals of societies. In order to achieve this goal, governments, policymakers and researchers have been paying attention. Therefore, the purpose of this research is to investigate the impact of human development on happiness in selected developing countries during the period of 2007-2022 using the generalized moments model (GMM). According to the results obtained by the logarithm of happiness (LHAP), a break can increase the variable of happiness by 1.20%. The human development index has had a positive and significant effect on happiness. So that with a one percent increase in the human development index, happiness increases by 1.39 percent. Other results obtained indicate that the logarithm of the size of the government and the logarithm of the degree of openness of the economy have led to an increase in happiness, and the logarithm of income inequality has led to a decrease in happiness. Developing countries should pay more attention to the level of education and health, and by increasing educational and health facilities and services and creating up-to-date standards of life, provide people with satisfaction, which results in a happy society and creating vitality and happiness among decrease in happiness. Developing countries should pay more attention to the level of education and health, and by increasing educational and health facilities and services and creating up-to-date standards of life, provide people with satisfaction, which results in a happy society and creating vitality and happiness among people.people.results

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Articles in Press, Accepted Manuscript
Available Online from 20 May 2025
  • Receive Date: 18 November 2024
  • Revise Date: 29 April 2025
  • Accept Date: 20 May 2025