Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/73800
Title: Well-being and environmental policy stringency (EPS)
Authors: Aw, Eugene Wei En
Lim, Yong Hui
Yeo, Clinton Jun Rong
Keywords: DRNTU::Social sciences
Issue Date: 2018
Abstract: The economic effects of environmental policies are of paramount interest to policymakers. The traditional approach focuses on using income (Gross Domestic Product) as the leading indicator for the effects of environment policies. Higher GDP indicates that the economy is doing well but it does not fully account for an individual’s economic welfare. Happiness is not only derived from an increase in income, which is why studies that link environmental policies to happiness are of great interest. Using cross-country data, our results suggest that there is a significant relationship between EPS and a nation’s well-being, where a more stringent environmental policy leads to an improved well-being. The dominant view in current literature is that income is the most influential factor that affects happiness level. Even after controlling for GDP in our regressions, the estimates have proven that EPS is still significant in increasing a country’s happiness level. Our results lead to important policy implications, where governments around the world can increase the happiness level of their citizens by implementing stricter environmental policies.
URI: http://hdl.handle.net/10356/73800
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)

Files in This Item:
File Description SizeFormat 
Well-being and Environmental Policy Stringency (EPS).pdf
  Restricted Access
Well-being and Environmental Policy Stringency (EPS)788.75 kBAdobe PDFView/Open

Page view(s) 1

201
checked on Oct 19, 2020

Download(s) 1

64
checked on Oct 19, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.