Abstract: This paper approaches the relation between social capital and subjective well-being from a migration perspective. This analysis is based on three types of social capital, and examines their relationship with the individual’s perceived life satisfaction. The existence or absence of social networks as well as the nature of ties are considered key factors in the success or failure of an immigrant’s life project. The empirical study results suggest that bonding, bridging and linking social capital are significantly related to the perceived life satisfaction. That is, immigrants' life satisfaction is associated with the structure of their social capital

• Publication Date: 11-Dec-2015
• DOI: 10.15224/978-1-63248-081-1-44
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Abstract: The paper presents the use of the augmented gravity model for panel data. Silva and Tenreyro (2006) showed that the formerly used Hausman-Taylor estimator fails to provide consistent estimates in this class of models. They propose the use of Poisson pseudo maximum likelihood (PPML) approach, that consists in solving a set of first order condition equations that stem from the Poisson regression model but are applied to attain estimates in the log-linear regression. We expand their results by including random country effects in the model, which allows for the more efficient use of country-level panel data. We use the above described model to estimate the effects of a couple of factors on the value of exports of the group of Visegrad countries (V-4, Visegrad four). These include the EU accession and the recent economic crisis, as well as other countries’ characteristics typically included in the gravity models. We allow for structural breaks and check whether the moment of joining the EU

• Publication Date: 11-Dec-2015
• DOI: 10.15224/978-1-63248-081-1-45
• Views: 0
• Downloads: 0