Controlling endogeny between social capital and the environment: An econometrical model

Abstract

This paper explores the development ways of feeling of happiness during daily life. A population who has a high level experienced can be overall life satisfaction with family, work, sport, and politics. The purpose of this study was to identify the relationship between the targeted large-scale respondents’ sense of happiness and social capital. The goal of our study is to test two hypotheses: the alternative hypothesis (Ha), which contends that social capital and happiness are correlated, and the null hypothesis (H0), which holds that there is no correlation between the two. First, it was discovered that independent variables had a strong global relationship with each person’s subjective level of happiness. Secondly, an estimate of the mean subjective well-being across all observations is made. Third, the family’s positive correlation with happiness was one of the research’s main variables. Fourth, many models have been used to test econometric analysis. Fifth, endogeneity problem tested in Pearson correlation pairwise test of ehat and Cronbach’s alpha test for causal inference (reverse causality).