Therefore, to determine whether the decrease in GNH was associated with the lockdown and the invasion specifically and not only an observed trend (since we control for the season, country and day-of-the-week, new COVID-19 cases per million as a proxy for the evolution of the pandemic and previous happiness levels), we consider the estimated coefficient of the interaction variable " lockdown i , c * Year i −1 or invasion i , c * Year i +1 ," i.e., the DiD estimator.
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Reactions to macro-level shocks and re-examination of adaptation theory using Big Data.
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