The Economics of Happiness: an Approach to Portuguese Economy

• Autorzy: Sandra Cristina Ribeiro , António Duarte Santos
• Języki publikacji: EN

Abstrakty

EN

One of the major motivational sources humans have is feeling happy. The issue of Happiness has been studied since Ancient Greece. Recently, though, this has become a research topic in social fields such as Economics. In the past three decades, studies have been made on Happiness in the frameworks of Economics. However, not many of them concerned the Economics of Happiness, since it is a relatively new research field. Thus, our study aims to present a literature review that includes references to the main factors behind the increase of happiness, as well as the relation between economics and happiness. We also offer our own validity analysis methodology in which Gross Domestic Product (GDP) is considered as an indicator of excellence representing the population's satisfaction level, evidencing the restraints and limitations to national income. We will describe the elements of the Well-Being Index of Portugal for 2004 to 2017 and link them to the country's position in the World Happiness Index and in the world GDP. Considering that national wealth is one of the elements in the analysis of Happiness, there is a positive relation between the two variables in the referred time span. However, our analysis has led us to discover other variables, more relevant for the analysis of the happiness level and thus the results are debatable. (original abstract)

Słowa kluczowe

EN

Gross domestic product (GDP); Index od Sustatainable Economic Welfare (ISEW); Economics of happines

PL

Produkt krajowy brutto (PKB); Wskaźnik trwałego dobrobytu ekonomicznego; Ekonomia szczęścia

• Czasopismo: Economics & Sociology
• Rocznik: 2019
• Tom: 12
• Numer: nr 4
• Strony: 197--212

Twórcy

autor

Sandra Cristina Ribeiro

• Universidade Autónoma de Lisboa

autor

António Duarte Santos

• Universidade Autónoma de Lisboa Lisboa

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Identyfikatory

DOI

10.14254/2071-789X.2019/12-4/12