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The Nexus Between Subjective Well-Being and Labour Productivity: Evidence from Selected Asia- Pacific Economies

Niti Khandelwal Garg

Journal of Business Thought2025https://doi.org/10.18311/jbt/2025/49383article
ABDC C
Weight
0.50

What the paper says

The current study investigates the nexus between subjective well-being and labour productivity growth in the context of select Asia-Pacific economies, viz., Bangladesh, China, India, Indonesia, Malaysia, Philippines, Thailand, Australia, New Zealand, Singapore, South Korea and Japan over the period 2011-2023. Considering Cantril Ladder Score and negative affect score published by the World Happiness Report 2024 as a measure of subjective well-being and using panel fixed effects and random effects techniques, the study finds statistically significant evidence of a positive impact of subjective well-being on labour productivity growth. The results are further reiterated when the Panel Ganger non-causality tests by Juodis et al. (2021) are used. The results are stronger for emerging and developing economies than for the developed ones. The study also shows statistically significant evidence of an inverted U-shaped relationship between subjective well-being and productivity growth.

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https://doi.org/https://doi.org/10.18311/jbt/2025/49383

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@article{niti2025,
  title        = {{The Nexus Between Subjective Well-Being and Labour Productivity: Evidence from Selected Asia- Pacific Economies}},
  author       = {Niti Khandelwal Garg},
  journal      = {Journal of Business Thought},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.18311/jbt/2025/49383},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.