As I have done my tests (Langrangian and Hausman) they showed that I have to do Random Effects analysis. I am analyzing the link between happiness of EU countries and other variables (GDP, Suicide rates, Gini index, Education index, Unemployment, GPI, Temperature and Life expectancy). I have added the outcome of my random effects test on R. What should be the other appropriate steps to analyze this? It shows R coefficient of 42 percent, while some non-logical assumptions such as - suicide rates increase happiness..
I apologize for these dumb questions, I'm working on my bachelor's thesis and I do not have a very strong understanding of Econometrics
This is an interesting analysis provided you have adequate and quality data. Suicide should have opposite relationship with bad things like happiness index, unemployment, economic issues and hardships, and many other negative live events that impact one's economic position … Other things that may affect suicide can be more micro issues such as own's negative live events like relationship problems, illnesses, etc. Regards Vilius Bikneris
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