Markov Switching Models for Happiness During a Pandemic: The New Zealand Experience

Simple item page
aut.relation.softwareversion573en_NZ
aut.researcherRossouw, Stephanie
dc.contributor.authorRossouw, Sen_NZ
dc.contributor.authorGreyling, Ten_NZ
dc.contributor.authorAdhikari, Ten_NZ
dc.date.accessioned2020-08-05T02:44:01Z
dc.date.available2020-08-05T02:44:01Z
dc.date.copyright2020-06-24en_NZ
dc.date.issued2020-06-24en_NZ
dc.description.abstractThis paper estimates Markov switching models with daily happiness (GNH) data from New Zealand for a period inclusive of the Covid-19 global health pandemic. This helps us understand the dynamics of happiness due to an external shock and provides valuable information about its future evolution. Furthermore, we determine the probabilities to transition between states of happiness and estimate the duration in these states. In addition, as maximising happiness is a policy priority, we determine the factors that increase happiness, especially during the pandemic to ensure rapid restoration of happiness levels post the Covid-19 shock. The results show New Zealand is currently in an unhappy state which is lasting longer than predicted. To increase the happiness levels to pre-pandemic levels, policymakers could allow free mobility, create economic stimuli, and allow international travel between New Zealand and low-risk Covid-19 countries.
dc.identifier.citationGLO Discussion Paper, No. 573, Global Labor Organization (GLO), Essen
dc.identifier.urihttps://hdl.handle.net/10292/13579
dc.publisherGlobal Labor Organizationen_NZ
dc.relation.urihttps://www.econstor.eu/handle/10419/218951en_NZ
dc.rightsEconStor supports Green Open Access. All papers on EconStor are made freely available without restrictions or embargo periods. Publication on EconStor is based on usage agreements with authors or the editors/publishers of a series or journal. Authors' copyrights are safeguarded. Publication on EconStor does not inhibit further publication of the documents in journals or on other document servers. Disseminating publications with EconStor is free for publishers and authors.
dc.rights.accessrightsOpenAccessen_NZ
dc.subjectHappiness; Covid-19; Big data; Markov switching model; New Zealand
dc.titleMarkov Switching Models for Happiness During a Pandemic: The New Zealand Experienceen_NZ
pubs.elements-id383208
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Business, Economics & Law
pubs.organisational-data/AUT/Business, Economics & Law/CBIS
pubs.organisational-data/AUT/Business, Economics & Law/Economics
pubs.organisational-data/AUT/Business, Economics & Law/Economics/Economics PBRF 2012
pubs.organisational-data/AUT/Business, Economics & Law/NZWRI - NZ Work Research Institute
pubs.organisational-data/AUT/Faculty of Business, Economics and Law
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/NZ Work Research Institute
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/School of Economics
pubs.organisational-data/AUT/PBRF
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/Faculty Review Team PBRF 2018
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/School of Economics PBRF 2018
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
GLO-DP-0573_NZ.pdf
Size:
474.42 KB
Format:
Adobe Portable Document Format
Description:
Discussion Paper
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
AUT Grant of Licence for Tuwhera Aug 2018.pdf
Size:
276.29 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
AUT Economics and Finance Department