The objective of the present study is to examine the impact of socioeconomic conditions on happiness in 21 Emerging Market Economies (EMEs) with the help of three sub-samples comprising America, Asia, and EMEA (Europe, Middle East, and Africa) countries from 2006 to 2019. For this objective, panel corrected standard error model is used to resolve the problem of cross-sectional dependence, group-wise heteroscedasticity, and panel autocorrelation. The results of the study reveal that economic growth plays a positive role in determining the happiness of EMEs of America and EMEA sample countries. At the same time, globalisation and inflation affect the happiness of people in American sample countries in a negative way. In the sample of Asian countries, social support has a substantial impact on happiness. Corruption in the government and business sectors reduces the happiness of selected countries of both Asia and America. This article contributes to the existing literature by first time considering EMEs which have undergone liberalisation reforms and experienced transformation in their socioeconomic conditions. In conclusion, the study suggests that GDP per capita and social support positively stimulates happiness while the perception of corruption negatively impacts happiness in selected EMEs. These implications can help in building a line of actions for strengthening anti-corruption institutions and promoting social integrations among these EMEs.

中文翻译：

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社会经济条件对幸福的影响：来自新兴市场经济体的证据

本研究的目的是在美洲、亚洲和 EMEA（欧洲、中东和非洲）国家的三个子样本的帮助下，研究社会经济状况对 21 个新兴市场经济体 (EME) 幸福感的影响2006 年至 2019 年。为此，使用面板校正标准误差模型来解决横截面依赖性、组间异方差性和面板自相关问题。研究结果表明，经济增长对美国和 EMEA 样本国家的 EME 的幸福感起着积极的决定作用。同时，全球化和通货膨胀对美国样本国家人民的幸福感产生负面影响。在亚洲国家样本中，社会支持对幸福感有实质性影响。政府和商业部门的腐败降低了亚洲和美洲某些国家的幸福感。本文通过首次考虑经历了自由化改革和社会经济条件转型的新兴市场经济体，为现有文献做出了贡献。总而言之，该研究表明，人均 GDP 和社会支持积极刺激幸福感，而对腐败的看法对特定新兴市场经济体的幸福感产生负面影响。这些影响有助于建立一系列行动，以加强反腐败机构并促进这些新兴市场经济体之间的社会融合。本文通过首次考虑经历了自由化改革和社会经济条件转型的新兴市场经济体，为现有文献做出了贡献。总而言之，该研究表明，人均 GDP 和社会支持积极刺激幸福感，而对腐败的看法对特定新兴市场经济体的幸福感产生负面影响。这些影响有助于建立一系列行动，以加强反腐败机构并促进这些新兴市场经济体之间的社会融合。本文通过首次考虑经历了自由化改革和社会经济条件转型的新兴市场经济体，为现有文献做出了贡献。总而言之，该研究表明，人均 GDP 和社会支持积极刺激幸福感，而对腐败的看法对特定新兴市场经济体的幸福感产生负面影响。这些影响有助于建立一系列行动，以加强反腐败机构并促进这些新兴市场经济体之间的社会融合。