Examining the Effects of Renewable Energy Consumption and Governance Quality on the Happiness Index in Selected Countries by using Quantile Regression for Panel Data

Document Type : Research Paper

Authors

1 Ph.D. Candidate in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran

2 Associate Professor, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran

3 M.A student in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran

10.30465/jnet.2024.46701.2078

Abstract

Happiness is one of the important goals in life. A review of previous studies shows that several factors affect happiness; including renewable energy consumption and governance quality. Thus, the purpose of this research is to investigate the relationship between the per capita consumption of renewable energy and the governance quality index on the happiness index in a set of selected countries of the OECD in the annual period of 2013 to 2020 and with the help of quantile panel regression. The results show that the per capita consumption of renewable energy has a positive effect in all deciles except the ninth decile and has a statistical significance in all deciles except the eighth and ninth deciles. The governance index has a positive effect in all deciles and there is statistical significance from the fifth to the ninth decile. Gross domestic product per capita positively and significantly affects all deciles. The economic freedom index has a positive effect up to the seventh decile, and only the fifth to eighth deciles have no statistical significance. The Felakat index has a negative effect from the fourth decile and there is statistical significance only in the ninth decile.

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History

  • Receive Date: 08 September 2023
  • Revise Date: 17 January 2024
  • Accept Date: 28 February 2024

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