EconPapers    
Economics at your fingertips  
 

‘Surfeiting, The Appetite May Sicken’: Entrepreneurship and the Happiness of Nations

Wim Naudé, José Amorós Espinosa () and Oscar Cristi ()

No 2011/07, Working Papers from Maastricht School of Management

Abstract: We know that entrepreneurs – at least those driven by opportunities – can contribute to economic growth, productivity improvements and competitiveness in national economies.. But do they contribute to happiness on the country level? In other words, does the happiness of nations depend on its entrepreneurs? And what about happy nations – are they better places for entrepreneurs to start‐up new businesses? In this paper we survey the literature on entrepreneurship and happiness, and use various data sources, primarily from the Global Entrepreneurship Monitor, to find tentative evidence of an inverse U‐shape relationship between entrepreneurship and national happiness We also find a bi‐directional causality between entrepreneurship and happiness on a country level On an individual level however, national happiness is found to have a negative effect on the probability of becoming an entrepreneur. We conclude that entrepreneurship may make nations happier, but as nations become happier, their need and imperative for entrepreneurship seems to decline. Hence, not everybody should become entrepreneurs and the happiness of a nation cannot be –indefinitely increased by increasing the numbers of entrepreneurs.

Keywords: Happiness; life and job satisfaction; self‐employment; aspirations; development; Global Entrepreneurship Monitor; double‐probit estimator. (search for similar items in EconPapers)
JEL-codes: I31 M13 O50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-hap
Date: 2011-05
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2011-07.pdf First version, 2011 (application/pdf)

Related works:
Working Paper: "Surfeiting, the appetite may sicken": Entrepreneurship and the happiness of nations (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:msm:wpaper:2011/07

Access Statistics for this paper

More papers in Working Papers from Maastricht School of Management Contact information at EDIRC.
Bibliographic data for series maintained by Maud de By ().

 
Page updated 2018-07-11
Handle: RePEc:msm:wpaper:2011/07