Goals and Pathways of Public Governance Contribution to Achieve Progress in the Quality of Life

Author:

Lobonț Oana-Ramona1ORCID,Criste Cristina2ORCID,Bovary Ciel3ORCID,Moț Ariana-Denisa3,Vătavu Sorana1ORCID

Affiliation:

1. Finance Department, Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania

2. Doctoral School of Economics and Business Administration, Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania

3. Faculty of Economics and Business Administration, West University of Timisoara, 300223 Timisoara, Romania

Abstract

This research examines the importance of effective public governance in maximising the well-being of citizens in EU member states. Our research strategy used an integrated modelling framework involving data mapping and an autoregressive model with distributed lags (ARDL) for 2012–2022 in the EU member countries. The results demonstrated that the World Governance Indicator (WGI) has a mixed impact on Quality of Life (QL). In the short term, the impact is positive if there is an increase in the level of the public governance indicator, and in the long term, the effect of public governance on the quality of life is negative due to the challenges associated with implementing reforms. Additionally, our results highlighted that, to improve citizens’ quality of life, policies should focus on increasing the Purchasing Power (PP) and Safety of Society (SS) as well as on issues related to Pollution (P) and the Cost of Living (CL). There are similarities between the long-term ARDL analysis estimate and the short-term one, with the latter pointing out that they will be able to have quick positive effects, while pollution and increased living costs have immediate adverse effects on quality of life.

Funder

Romanian Ministry of Research, Innovation and Digitalization, the project with the title „Eco-nomics and Policy Options for Climate Change Risk and Global Environmental Governance”

Publisher

MDPI AG

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