scholarly journals Assessment of Resident Happiness under Uncertainty of Economic Policies: Empirical Evidences from China

2020 ◽  
Vol 12 (18) ◽  
pp. 7296
Author(s):  
Zhigang Ouyang ◽  
Fengyu Liu ◽  
Ge Zhai ◽  
Svitlana Bilan
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Economic Policy ◽  
Well Being ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Direct Impact ◽  
Household Asset ◽  
Economic Policy Uncertainty

The main aim of sustainable development is to increase the quality of life and resident happiness as the latter is one of the most important indicators for the assessment of quality of life. However, due to the uncertainty of economic policies, it will not only have a direct impact on resident well-being but may also indirectly affect resident well-being through specific channels. The economic policies are aimed at the achievement of sustainable development, therefore it is very important to investigate the influences of the uncertainty of economic policies on resident happiness. This allows to assess the sustainability of policies in terms of their inputs to the quality of life. The direct impact of economic policy uncertainty on resident well-being and the mediating effects of household asset allocation and the expectation on the above influencing relationship were analyzed based on the uncertainty index of China’s economic policies and households database of China Family Panel Studies (CFPS) during the period 2010–2018, so as to clarify the complete path of economic policy uncertainty affecting resident happiness. Results show that the uncertainty of economic policy significantly reduces resident happiness. In the context of the uncertainty of economic policies, families can relieve such negative impacts as an increasing proportion of financial assets in their total assets. However, decreases in asset shares for household consumer goods and future expectation obviously lower resident happiness. The research conclusions provide important input in research on the influences of the uncertainty of economic policy on the quality of life and offer new evidences for the development of “happiness economics”.

scholarly journals People in City: The relation of urban park and the quality of life

2017 ◽  
Vol 2 (6) ◽  
pp. 311
Author(s):  
Hazlina Hamdan ◽  
Nurul Shakila Khalid ◽  
Nurul Faizah Baba
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Research Method ◽  
Quantitative Research ◽  
Well Being ◽  
Urban Park ◽  
User Group ◽  
Psychological Well Being ◽  
The City

Well-designed of an urban park is one of the best ways to achieve the city sustainable development and contributes to the quality of life in many ways. Central to this argument is the claim that the variables need to be considered and thus, this research was conducted to assess the quality of urban park by empirically evaluating through behavioral competencies and psychological well-being from the model of Lawton’s Quality of Life. A quantitative research method was employed for the research with 138 respondents in Taman Lembah Bukit SUK, Shah Alam. Results confirm that the urban park provides the potential for psychological well-being, but it often underutilized and attract the aged of 19-50 years old of a user group.

scholarly journals On the Relationship of Indicators of Sustainable Development, Quality of Life and the Share of Creative Middle Class

2020 ◽  
Vol 174 ◽  
pp. 04052
Author(s):  
Irina Roshсhina ◽  
Evgeniya Nekhoda ◽  
Galina Kalyanova
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Middle Class ◽  
Social Activity ◽  
Point Of View ◽  
Economic Policies ◽  
The Sustainable Development ◽  
Main Driver ◽  
The Relationship

This article describes the study of existence of the relationship between individual factors of sustainable development from a qualitative point of view. It is revealed that new essential characteristics of the “middle class”, connected with sustainable development, are being formed. This makes it necessary to display them by introducing a new concept of “creative middle class”. The purpose of this study is to identify the relationship between improving the environment, the quality of life of the population, the processes of formation of a creative middle class and the results of socio-economic policies to ensure sustainable development of the territory. This study was conducted on the basis of a semi-formalized mass interview. Sustainability is considered for two regions of Siberia (Kemerovo and Tomsk regions), which differ in the specialization of economies: the mining region and the innovation region. In the RIA rating of the Russian regions on the quality of life, these regions, despite the different specialization of economies, occupy fairly close positions, being in the middle of the rating table. The hypothesis regarding the role of the creative middle class as the main subject and the main driver of socio- economic transformations for ensuring the sustainable development of the region in the long term and improving the quality of life of the population has been partially confirmed. This can be explained by the fact that the process of forming a creative middle class is at the initial stage. Manifestations of innovative features in the economic and social activity of the subjective middle class in the Tomsk region were not identified.

scholarly journals L’impact De La Création Des PME/PMI Sur L’idh En Algérie « Étude Économétrique 2001-2013 »

2017 ◽  
Vol 13 (25) ◽  
pp. 251
Author(s):  
Bouchikhi Mohamed Rédha ◽  
Yagoub Mohamed
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Positive Impact ◽  
Well Being ◽  
Economic Sector ◽  
New Strategy ◽  
Econometric Study ◽  
The Creation ◽  
The Impact

One of the major problems faced by the Algerian economy is sustainability. This is because the economy is essentially hydrocarbon-based. Since 2001, Algeria has adopted a new strategy to strengthen and diversify the economic sector in order to reduce poverty and ensure sustainable development. This study aims to highlight the impact of these reforms on the development and the level of well-being. For this purpose, we carried out an econometric study over the period (2001-2013) in order to ascertain the impact of the creation of SMEs on the improvement of the quality of life which is measured in this test by the HDI. We found that the strategy adopted by the Algerian state for the creation and promotion of SMEs in Algeria has a positive impact on the state of development of the country and the level of well-being of the population.

Investigating the Uncertainty of Government Economic Policies on Inbound Tourism in Iran

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Azam Mohammadzadeh ◽  
Mohammad Nabi Shahiki Tash
Keyword(s):  
Economic Policy ◽  
Exchange Rate ◽  
Price Index ◽  
Consumer Price Index ◽  
Political Stability ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Economic Policy Uncertainty ◽  
Explanatory Variables ◽  
Inbound Tourism

AbstractOver the past three decades, there has been an increasing focus on the subject of global tourism in Iran’s economy. This article examines the most important economic factors affecting this industry in this country, especially economic policy uncertainty. For this purpose, three models specify the number of tourists entering the country as a dependent variable and Consumer Price Index, Tehran Exchange Price Index, market exchange rate, semi-annual dummy variable, and exports as explanatory variables. To investigate the uncertainty of the government’s economic policies, three variables liquidity fluctuations, tax revenue fluctuations, and government expenditures fluctuations have been added along with the above variables. To obtain the fluctuations, the GARCH function is used then the relations are estimated by the GMM method. The estimation of models using monthly data from March 2011 to August 2018 shows that explanatory variables are significant. The results indicate that economic policy uncertainty has negatively affected the arrival of the tourist. An increase in exchange rate, consumer price index, exports, and stock market price index have a positive effect on the arrival of tourists. Therefore, due to inbound tourism sensitivity to shocks, the growth and survival of tourism depend on economic and political stability.

Testing the efficacy of the economic policy uncertainty index on tourism demand in USMCA: Theory and evidence

2019 ◽  
Vol 26 (8) ◽  
pp. 1344-1357 ◽  
Author(s):  
Cem Işık ◽  
Ercan Sirakaya-Turk ◽  
Serdar Ongan
Keyword(s):  
United States ◽  
Economic Policy ◽  
Explanatory Power ◽  
The United States ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Tourism Demand ◽  
Economic Policy Uncertainty ◽  
Demand Models ◽  
The Impact

The global economic outlook is more uncertain than ever before and sensitive to uncertainties related to a variety of economic policies decisions of all stakeholders and governments. These perceived uncertainties may be the culprit in shrinking the size of overall economic activity. Under increasing uncertainties, travel and vacation plans of consumers can be canceled or postponed. Therefore, policy-related economic uncertainties are expected to affect tourism demand beyond well-established economic and noneconomic factors. In this study, we explore the efficacy and the impact of the economic policy uncertainty (EPU) index in predicting the tourism demand on international tourist arrivals (a measure of tourism demand) to the United States from Mexico and Canada over the period of January 1996–September 2017. The findings of the study reveal that EPU is a significant predictor as increases in the EPU index lead to decreases in tourism demand to the United States. Canadian tourists seem to be more sensitive to EPUs. Increases in the EPU index cause them to reduce Canadians’ vacations to the United States proportionally more than the Mexicans. To enhance the explanatory power of current models, the uncertainty can be a theoretically significant construct thus needs to be included when calibrating demand models.

scholarly journals International Rankings of Macro-Social Dynamics

2021 ◽  
Vol 12 (1) ◽  
pp. 252-266
Author(s):  
Vladimir Petrovich Vasiliev
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
National Income ◽  
Well Being ◽  
Social Processes ◽  
The State ◽  
Sociological Research ◽  
Structural Element ◽  
Social Risks

The implementation of the UN Sustainable Development Goals and the Lisbon Strategy sets the task of a comprehensive study of the citizens` well-being, determining the state and trends in the level and quality of life not only by traditional methods of social statistics, but also through comprehensive sociological research. This approach has significant advantages since it allows us to generalize the state of social development of a society based on the population`s opinions, to study the emerging social risks that concern the population, to determine the differentiation of countries by indicators of well-being. The foundations of the new approach to the analysis of social processes were laid by the scientific achievements of the 60s of the last century. The dominant paradigm was the economic goals and parameters of statistically measured national income, household income, wages and their differentiation. The environmental risks that threaten the future of civilization were identified and analyzed in the 70s of the XX century. The production contradiction, which raised the question of measuring the quality of life in a new way, was articulated. The economic component (economic growth) was mixed and replaced with the welfare parameter. The sustainable development, including the indicators of well-being, the fight against poverty, and the environment were declared to be the goals of the society. The tasks of monitoring the solution of these problems are solved by sociological research, whose mathematical formalization can become a structural element of economic and mathematical modeling of social processes.

scholarly journals “Ubiquitous uncertainties”: spillovers across economic policy uncertainty and cryptocurrency uncertainty indices

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Matteo Foglia ◽  
Peng-Fei Dai
Keyword(s):  
Economic Policy ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Total Uncertainty ◽  
Content Type ◽  
Economic Policy Uncertainty ◽  
Country Level ◽  
Uncertainty Index ◽  
Cross Country ◽  
Uncertainty Indices

PurposeThe purpose of this paper is to extend the literature on the spillovers across economic policy uncertainty (EPU) and cryptocurrency uncertainty indices.Design/methodology/approachThis paper uses cross-country economic policy uncertainty indices and the novel data measuring the cryptocurrency price uncertainties over the period 2013–2021 to construct a sample of 946 observations and applies the time-varying parameter vector autoregression (TVP-VAR) model to do an empirical study.FindingsThe findings suggest that there are cross-country spillovers of economic policy uncertainty. In addition, the total uncertainty spillover between economic policies and cryptocurrency peaked in 2015 before gradually decreasing in the following periods. Concomitantly, the cryptocurrency uncertainty has acted as the “receiver.” More importantly, the authors found the predictive power of economic policy uncertainty to predict the cryptocurrency uncertainty index. This paper’s results hold robust when using alternative measurement of cryptocurrency policy uncertainty.Originality/valueThis study is the first research that deeply investigates the association between two uncertainty indicators, namely economic policy uncertainty and the cryptocurrency uncertainty index. We provide fresh evidence about the dynamic connectedness between country-level economic policy uncertainty and the cryptocurrency index. Our work contributes a new channel driving the variants of uncertainties in the cryptocurrency market.

scholarly journals Enterprise Sustainability: Economic Policy Uncertainty, Enterprise Investment, and Profitability

2020 ◽  
Vol 12 (9) ◽  
pp. 3735 ◽  
Author(s):  
Aijun Guo ◽  
Haiqi Wei ◽  
Fanglei Zhong ◽  
Shuangshuang Liu ◽  
Chunlin Huang
Keyword(s):  
Sustainable Development ◽  
Economic Policy ◽  
Inhibitory Effect ◽  
Investment Behavior ◽  
Policy Uncertainty ◽  
Dynamic Interactions ◽  
The Sustainable Development ◽  
Economic Policy Uncertainty ◽  
The Government ◽  
Enterprise Investment

Under economic fluctuations, the sustainable development of enterprises is crucial. Currently, there are few studies on the interaction between economic policy uncertainty (EPU) and the sustainable development behavior of enterprises. Based on a panel vector autoregressive (PVAR) model, this paper explores the static and dynamic interactions among EPU, enterprise investment, and enterprise profitability and then analyzes regional heterogeneity in these factors. It finds that EPU has an inhibitory effect on the investment and profitability of enterprises, while the investment and profitability of enterprises also have an inhibitory effect on EPU. In addition, there are contribution differences and regional differences in the degrees of influence of the three factors. In the long run, EPU and the inhibition of enterprise investment and profitability are strongest in China’s central region. The results show that the stronger the certainty of economic policy, the more conducive this policy is to promoting enterprise investment behavior and improving enterprise profitability. Therefore, to ensure normal economic development, the government should limit changes in economic policy as much as possible; doing so is critical for promoting investment behavior and improving the profitability of enterprises.

scholarly journals Whether Digital Financial Inclusion Can Improve Capital Misallocation or Not: A Study Based on the Moderating Effect of Economic Policy Uncertainty

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Guohua He ◽  
Lu Shen
Keyword(s):  
Economic Policy ◽  
Rural Areas ◽  
Spillover Effect ◽  
Financial Inclusion ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Real Economy ◽  
Economic Policy Uncertainty ◽  
The Impact ◽  
Positive Effect

This paper discusses the impact of digital financial inclusion on regional capital’s turn from the fictitious to the substantial economy. The continuous decline of the capital efficiency of the real economy is an important reason for the misallocation of financial capital, such as the financialization of real enterprises. Development of the digital financial inclusion helps to relieve small and micro businesses from financing constraints, encourage civilian consumption, and improve services concerning issues of agriculture, rural areas, and farmers. Yet, its financial features also indicate potential systematic risks, manifested as the capital’s departure from its intended purpose of serving the substantial economy, given some beneficiaries’ investment in the fictitious economy. Based on the provincial panel data between 2011 and 2019, this paper constructs an index describing capital’s diversion from the fictitious to the substantial economy. This paper then analyzes the impact of digital financial inclusion on such a diversion of the regional capital, investigating the regulatory effects caused by the uncertainty in economic policies. Empirical study reveals that digital financial inclusion has an evident positive effect on regional capital’s diversion from the fictitious to the substantial economy but without any spatial spillover effect. Among the three subdimensions of digital financial inclusion-scope of coverage, depth of usage, and level of digitalization, the scope of coverage has the strongest positive effect, and digitization level, the weakest. The positive correlation between digital financial inclusion and capital diversion from the fictitious to the substantial economy is under negative regulation due to economic policy uncertainty. In other words, increasing uncertainty in the economic policy would weaken digital financial inclusion’s support of the substantial economy.

scholarly journals Which Way Forward in Measuring the Quality of Life? A Critical Analysis of Sustainability and Well-Being Indicator Sets

2020 ◽  
Vol 20 (2) ◽  
pp. 12-36 ◽  
Author(s):  
Doris Fuchs ◽  
Bernd Schlipphak ◽  
Oliver Treib ◽  
Le Anh Nguyen Long ◽  
Markus Lederer
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Critical Analysis ◽  
Policy Making ◽  
Well Being ◽  
Open Questions ◽  
Different Dimensions ◽  
Scientific Results ◽  
Indicator Sets

The movement to develop indicators that provide a more nuanced view of quality of life (QoL) continues to gain momentum and support in both scientific and policy-making circles. However, measuring QoL still faces a number of challenges. While a range of indicator sets has been developed, it is unclear whether any of them is able to adequately capture the broad range of conditions it encompasses. In addition, it has yet to be determined whether different dimensions of QoL can be meaningfully integrated in one indicator or if separate indicators need to be employed alongside each other for clear and reliable scientific results and policy advice. In this article, we aim to contribute to answering these open questions. To that end, we offer a framework, grounded in the literatures on well-being and sustainable development, for unpacking the QoL concept, and categorize and evaluate different existing indicator sets in terms of their ability to measure this concept of QoL. Moreover, we identify the challenges involved in integrating two very distinct aspects of QoL in one indicator.

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