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The relationship between natural resource abundance and happiness for lower middle-income countries

cris.lastimport.wos2025-10-23T06:54:57Z
cris.virtual.author-orcid0000-0002-0006-2186
cris.virtual.author-orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.author-orcidd08271b0-4325-494c-a9fa-9fbd48f1ea52
cris.virtualsource.author-orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
dc.abstract.enThe resource curse, a concept linking natural resource wealth to poor economic performance, is well-documented. Separately, emerging studies suggest economic growth correlates with increased happiness. However, the intersection of these two areas—natural resource abundance and happiness—remains underexplored. This paper investigates the relationship between natural resource abundance and happiness by employing linear regression analysis on data from 35 lower middle-income countries from 2017 to 2021. Using the Natural Capital Index and the World Happiness Report, this study addresses the question: "Is there a correlation between natural resource abundance and happiness?" by integrating theories from the Resource Curse and the Easterlin Paradox. Additionally, it compares the established correlations between (1) natural resource abundance and income, and (2) income and happiness. The findings reveal significant correlations between natural resource abundance and income, and between income and happiness, but the correlation between natural resource abundance and happiness is less conclusive. From a managerial perspective, these results suggest that policymakers in resource-rich lower middle-income countries should focus not only on economic metrics but also on well-being indicators when designing development strategies to ensure balanced and sustainable growth.
dc.affiliationWydział Ekonomiczny
dc.affiliation.instituteKatedra Prawa i Organizacji Przedsiębiorstw w Agrobiznesie
dc.contributor.authorFadillah, Muhammad Ichsan
dc.contributor.authorPieńkowski, Dariusz
dc.date.access2024-09-25
dc.date.accessioned2024-10-10T08:39:46Z
dc.date.available2024-10-10T08:39:46Z
dc.date.copyright2024-08-30
dc.date.issued2024
dc.description.abstract<jats:p>The resource curse, a concept linking natural resource wealth to poor economic performance, is well-documented. Separately, emerging studies suggest economic growth correlates with increased happiness. However, the intersection of these two areas—natural resource abundance and happiness—remains underexplored. This paper investigates the relationship between natural resource abundance and happiness by employing linear regression analysis on data from 35 lower middle-income countries from 2017 to 2021. Using the Natural Capital Index and the World Happiness Report, this study addresses the question: "Is there a correlation between natural resource abundance and happiness?" by integrating theories from the Resource Curse and the Easterlin Paradox. Additionally, it compares the established correlations between (1) natural resource abundance and income, and (2) income and happiness. The findings reveal significant correlations between natural resource abundance and income, and between income and happiness, but the correlation between natural resource abundance and happiness is less conclusive. From a managerial perspective, these results suggest that policymakers in resource-rich lower middle-income countries should focus not only on economic metrics but also on well-being indicators when designing development strategies to ensure balanced and sustainable growth.</jats:p>
dc.description.accesstimeat_publication
dc.description.additionalThe 1st International Seminar on Tropical Bioresources Advancement and Technology (ISOTOBAT 2024), Bogor (Online), Indonesia, May 28-29, 2024
dc.description.bibliographyil., bibliogr.
dc.description.financepublication_nocost
dc.description.financecost0.00
dc.description.points5
dc.description.versionfinal_published
dc.description.volume123
dc.identifier.doi10.1051/bioconf/202412303009
dc.identifier.eissn2117-4458
dc.identifier.urihttps://sciencerep.up.poznan.pl/handle/item/1812
dc.identifier.weblinkhttps://www.bio-conferences.org/articles/bioconf/abs/2024/42/bioconf_isotobat2024_03009/bioconf_isotobat2024_03009.html
dc.languageen
dc.relation.ispartofBIO Web of Conferences
dc.relation.pagesart. 03009
dc.rightsCC-BY
dc.sciencecloudnosend
dc.share.typeOPEN_JOURNAL
dc.subject.enhappiness
dc.subject.ennatural resources
dc.subject.enlower middle-income countries
dc.subject.enEasterlin Paradox
dc.subject.enResource Curse
dc.subject.plszczęście
dc.subject.plzasoby naturalne
dc.subject.plkraje o niższym średnim dochodzie
dc.subject.plparadoks Easterlina
dc.subject.plklątwa zasobów
dc.titleThe relationship between natural resource abundance and happiness for lower middle-income countries
dc.title.volumeThe 1st International Seminar on Tropical Bioresources Advancement and Technology (ISOTOBAT 2024)
dc.typeJournalArticle
dspace.entity.typePublication
oaire.citation.volume123