Preprint Article Version 1 This version is not peer-reviewed

The Impact of Sustainable Policies on Subjective Well-Being in a Developing Nation: The Case of Ecuador

Version 1 : Received: 29 October 2024 / Approved: 30 October 2024 / Online: 30 October 2024 (13:51:19 CET)

How to cite: Pacheco-Jaramillo, W. A.; Zaldumbide, D. The Impact of Sustainable Policies on Subjective Well-Being in a Developing Nation: The Case of Ecuador. Preprints 2024, 2024102407. https://doi.org/10.20944/preprints202410.2407.v1 Pacheco-Jaramillo, W. A.; Zaldumbide, D. The Impact of Sustainable Policies on Subjective Well-Being in a Developing Nation: The Case of Ecuador. Preprints 2024, 2024102407. https://doi.org/10.20944/preprints202410.2407.v1

Abstract

Objective: This study explores the impact of public policies that promote social equity and rights to nature on subjective well-being (SWB). The focus is on how sustainability policies, particularly on environmental protection and poverty reduction, have influenced life satisfaction in Ecuador. Design/methodology/approach: The research uses ordinal logistic regression models to analyze data from the National Survey of Employment, Unemployment and Underemployment of Ecuador. Life satisfaction is the dependent variable, while independent variables include income, education, job satisfaction, concern for the environment, and regional differences. Findings: The results indicate that the implementation of public social investment policies increases life satisfaction, particularly in regions such as the Coast. After the implementation of the policy, income, higher education, job satisfaction, and concern for the environment were associated with higher levels of subjective well-being. However, disparities persist, with lower life satisfaction among indigenous groups, women, the elderly, and those living in poverty. Originality/value: This study provides valuable insights into the relationship between sustainable policies and subjective well-being, highlighting Ecuador's unique constitutional framework. It offers lessons for other developing nations seeking to balance social equity, economic growth, and environmental sustainability in pursuit of improving overall quality of life.

Keywords

subjective well-being (I31); sustainability (Q56); poverty (I32); inequality (D63); environmental policy (Q58)

Subject

Business, Economics and Management, Economics

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