Isaac Scientific Publishing

Journal of Advances in Economics and Finance

Productivity and Relationships with Life Happiness, and Cross-Cultural Dimensions: A Multinational Quantitative Analysis

Download PDF (413.7 KB) PP. 127 - 147 Pub. Date: May 17, 2017

DOI: 10.22606/jaef.2017.22005

Author(s)

  • Peter C. Ogonowski*
    Economics Division, CDM Smith, Orlando, United States

Abstract

This study evaluated the relationships between national productivity, life happiness, and cultural dimensions in a global framework. The purpose of the study originated from the continued quest for fuller explanations behind persistent differences in international productivity performance, together with the recent worrisome productivity growth deceleration observed in multiple of the world’s key economies. Based on applying multivariate regression analysis and hypotheses testing, it was found that the study’s omnibus null hypothesis, all four main null hypotheses were rejected in favor of their alternative hypotheses. The results suggested that globalization-impacted businesses seeking to optimize their productivity performance could capitalize on their human factor allocations drawing on the energy of life happiness and certain cultural dimensions—particularly individualism and power distance, either singularly or in combination with other explanatory variables. Implications and further research recommendations for enhancing the understanding of and improving productivity outcomes in a globalizing economy were also provided.

Keywords

Productivity, life happiness, cultural dimensions, international economics, globalization

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