How interdependent are cross-country happiness dynamics?

We characterize evolution of cross-country happiness dynamics by two important factors. The first one concerns inertia, which we model in a non-linear and stochastic environment to reflect on how an agent's own past level of happiness adapts to the current level. Second, we allow an explicit ro...

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Bibliographic Details
Main Authors: Mishra, Tapas (Author), Parhi, Mamata (Author), Fuentes, Raul (Author)
Format: Article
Language:English
Published: 2015-07.
Subjects:
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