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“Surfeiting, the appetite may sicken”: entrepreneurship and happiness

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  • Wim Naudé
  • José Amorós
  • Oscar Cristi

Abstract

Do the presence and nature of entrepreneurship impact on national happiness, and are nations with happy citizens better for entrepreneurs to start new businesses? To provide tentative answers we survey the literature on entrepreneurship and subjective well-being and use various data sources to uncover the first evidence of the relationship between entrepreneurship and happiness at the country level. We find that opportunity-motivated entrepreneurship may contribute to a nation’s happiness but only to a certain point, at which the effects of happiness begin to decline. Moreover, our results suggest that a nation’s happiness affects early-stage opportunity-driven entrepreneurial activity. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Wim Naudé & José Amorós & Oscar Cristi, 2014. "“Surfeiting, the appetite may sicken”: entrepreneurship and happiness," Small Business Economics, Springer, vol. 42(3), pages 523-540, March.
    • Handle: RePEc:kap:sbusec:v:42:y:2014:i:3:p:523-540
    DOI: 10.1007/s11187-013-9492-x
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    13. Naudé, Wim, 2024. "Entrepreneurship Is Dangerously Obsessed with Growth and Incompatible with Current Visions of a Post-growth Society," IZA Discussion Papers 17158, Institute of Labor Economics (IZA).
    14. Aurora Ac Teixeira & Rayanne Vasque, 2020. "Entrepreneurship And Happiness: Does National Culture Matter?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 25(01), pages 1-23, March.
    15. Folorunsho M. Ajide & Rufus A. Ajisafe & Olabode P. Olofin, 2019. "Capital Controls, Entrepreneurship and Economic Growth in Selected Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(2), pages 191-212, February.
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    20. Abdullah Promise Opute & Kalu Ibe Kalu & Ogechi Adeola & Chux Gervase Iwu, 2021. "Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 216-245, July.
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    More about this item

    Keywords

    Happiness; Life satisfaction; Entrepreneurship; Development; Global Entrepreneurship Monitor; I31; M13; O50; L26;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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