Dimensionally Decomposed Development and Happiness

The primary purpose of this study is to evaluate and compare the relative effects different developmental dimensions on happiness. However, such an attempt requires approach that divides phenomenon development into building blocks. In respect, focuses economic prosperity, good governance, education, health, sustainable environment, gender equality, trade financial flows, mobility. Following general trend in literature, relations between country's average happiness levels calculated from microdata indicators compiled World Bank data were analyzed using least-squares method. analysis, Box-Cox transformation was used ensure dependent variable, levels, showed normal distribution. Our reveals all have expected government efficiency create top three blocks most significant impact life satisfaction, respectively. On other hand, remaining aspects seem relatively minor. Additionally, handling reflection mobility dimension deserves special treatment since association net migration likely tend indicate a reverse causality, unlike stock satisfaction relation.