Does Objective Well-Being Cause Subjective Well-Being? (1998-2012 Albanian Voter Analyze)

Abstract

This paper presents an overview of the correlation and changing dynamics of the main determinant indicators of economic welfare (GDP per capita, Inflation, Employment/Unemployment, Total Government Revenue, Total Investment, GNI per capita) and subjective welfare indicators (Subjective Welfare Indicator as defined by R. Inglehart) in Albania during the years 1998-2012 influencing the profiles of the Albanian electorate's behavior. The regression analysis results and the changing dynamics among them allows to assert that economic welfare is one of the main cause, but not the only, of subjective well being of Albanian voter in these years. The results show that the economic indicators analyzed, except employment/unemployment, inflation per capita and total investment do not influence on the Albanian electorate subjective well being. This means that along with economic factor there are other influential effects to the voter in this time period, probably indicators such as cultural, psychological, sociological, etc., which are not concern of this paper. This allows also the realization of future predictions that could serve as an added value for all stakeholders involved in the political game in the micro level interest and at macro level interest it can serve to Democracy Development of Albania.

DOI: 10.5901/mjss.2013.v4n9p306