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This article examines the effect of leader longevity in power on world happiness. To make the assessment, a sample composed of 135 countries observed over the period 2006 to 2018 was constituted. The results obtained from OLS estimates show that longevity in power reduces individual happiness. Furthermore, the negative effect is more amplified in democratic countries. Quantile regression reveals variability in the effect over the different intervals. These results are robust to the use of alternative estimation techniques. We also identify the quality of institutions and public spending as two potential transmission channels through which longevity in power influences well‐being. These results invite political authorities to respect constitutional limits or implement constitutional reforms with the aim of limiting the duration of the mandate of the executive in order to reduce the harmful effect of an extension of the latter on individuals' well‐being.Related ArticlesFlavin, Patrick, Alexander C. Pacek, and Benjamin Radcliff. 2011. “State Intervention and Subjective Well‐Being in Advanced Industrial Democracies.” Politics & Policy 39(2): 251–69. https://doi.org/10.1111/j.1747‐1346.2011.00290.x.Jakubow, Alexander. 2014. “State Intervention and Life Satisfaction Reconsidered: The Role of Governance Quality and Resource Misallocation.” Politics & Policy 42(1): 3–36. https://doi.org/10.1111/polp.12057.Kim, Hae S. 2017. “Patterns of Economic Development: Correlations Affecting Economic Growth and Quality of Life in 222 Countries.” Politics & Policy 45(1): 83–104. https://doi.org/10.1111/polp.12190.
This article examines the effect of leader longevity in power on world happiness. To make the assessment, a sample composed of 135 countries observed over the period 2006 to 2018 was constituted. The results obtained from OLS estimates show that longevity in power reduces individual happiness. Furthermore, the negative effect is more amplified in democratic countries. Quantile regression reveals variability in the effect over the different intervals. These results are robust to the use of alternative estimation techniques. We also identify the quality of institutions and public spending as two potential transmission channels through which longevity in power influences well‐being. These results invite political authorities to respect constitutional limits or implement constitutional reforms with the aim of limiting the duration of the mandate of the executive in order to reduce the harmful effect of an extension of the latter on individuals' well‐being.Related ArticlesFlavin, Patrick, Alexander C. Pacek, and Benjamin Radcliff. 2011. “State Intervention and Subjective Well‐Being in Advanced Industrial Democracies.” Politics & Policy 39(2): 251–69. https://doi.org/10.1111/j.1747‐1346.2011.00290.x.Jakubow, Alexander. 2014. “State Intervention and Life Satisfaction Reconsidered: The Role of Governance Quality and Resource Misallocation.” Politics & Policy 42(1): 3–36. https://doi.org/10.1111/polp.12057.Kim, Hae S. 2017. “Patterns of Economic Development: Correlations Affecting Economic Growth and Quality of Life in 222 Countries.” Politics & Policy 45(1): 83–104. https://doi.org/10.1111/polp.12190.
The COVID-19 pandemic has intensified the issue of strengthening the financial support of human capital development and enhancing its impact on economic growth. This study aims to assess the impact of financial support of human capital development in terms of public spending on health and education on economic growth. Economic-statistical methods and correlation-regression analysis are used to determine the impact of the share of public spending on health and education in GDP on real GDP, and to assess the characteristics of financial support of human capital development. The study reveals evidence of a link between the level of public funding for human capital development and real GDP. At the same time, for Ukraine and the countries-full members of the Commonwealth of Independent States, in particular Armenia, Azerbaijan, Kazakhstan, Moldova, Belarus, the Kyrgyz Republic, Uzbekistan, and Russia, the results of the study were mixed. In recent years, with the share of public spending on health and education in GDP growing by 1 percentage point, real GDP has grown in 4 and 5 countries, respectively, and decreased in 5 and 4 countries out of 9 studied. The results show that a significant deterrent to strengthening the financial support of human capital development and its impact on economic growth is a significant level of uncertainty in economic processes, which determines the importance of revising the forms and methods of public financing of human capital.
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