Comparing Quality of Institutions with Happiness of Asian People

The pursuit of happiness is the major goal of humanity. Multidisciplinary research efforts had tried to find its determinants. This study investigates the role of different dimensions of institutional quality of happiness for 33 Asian countries. Quality of institutes helps people feel a sense of control and achievement, which may lead to perceived wellbeing. This study has used a panel FGLS model. The results confirmed that good governance, money, openness, and employment have a significant effect on happiness. It is urged that improvement in indicators like regulatory quality and rule of law to promote employment and trade openness which may help in national happiness.