Economic Development and Its Transformation in Happiness: A Perspective of Sustainable Development Goals of Nepal

Authors

Dhruba Bhattarai, Tribhuvan University, Kathmandu, NepalFollow
Bishnu Bhattarai, Tribhuvan University, Kathmandu, NepalFollow

Document Type

Article

Abstract

The present paper attempts to explore the relationship between GDP Per Capita Income based economic measurements of people’s well-being in the form of happiness. The overall development of a country’s economy must be translated into people’s well-being and happiness, which the study focuses on using the relevant data. The secondary data of the Human Development Index, Gross Domestic Product, Per Capita Income, and Happiness Index for the last 20 years have been collected and analyzed. To assess the psychological aspects of the happiness concept, the relevant happiness indicators such as life expectancy, educational attainment, and index of economic freedom have also been estimated. The regression method has been used for this purpose. The results show a positive and strong relationship between Real Gross Domestic Product, Human Development Index, Per Capita Income, and Happiness Index. The study has indicated the effective association between the strategies and Sustainable Development Goals (SDGs) of 2030 in the economy of Nepal.

DOI

https://doi.org/10.24073/jga/6/02/04

Recommended Citation

Bhattarai, Dhruba and Bhattarai, Bishnu (2025) "Economic Development and Its Transformation in Happiness: A Perspective of Sustainable Development Goals of Nepal," Journal of Global Awareness: Vol. 6: No. 2, Article 4.
DOI: https://doi.org/10.24073/jga/6/02/04
Available at: https://scholar.stjohns.edu/jga/vol6/iss2/4