Economy and happiness in the Visegrad Four and Scandinavian Four countries

Abstract

This study examines whether there is a connection between certain economic indicators (gross domestic product, the aggregate amount of investment, inflation, average consumer prices, unemployment rate, general government revenue and expenditures, general government net borrowing costs and general government net debt, current account balance, and general well-being) and the indicators published in World Happiness Report, Life Expectancy, Ladder of Life, Ecological Footprint, Happy Planet Index, and the Human Development Index. The scope of the research extends to the Scandinavian Four (Denmark, Finland, Norway, and Sweden) and the Visegrad Four countries (Czech Republic, Poland, Hungary, and Slovakia). The research findings indicate the existence of such a connection determined by general government revenue.