scholarly journals Exploring the Effects of Types of Early-Stage Entrepreneurial Activity on Subjective Well-Being

2021 ◽  
Author(s):  
Mojca Svetek ◽  
Mateja Drnovsek
Keyword(s):  
Economic Development ◽  
Panel Data ◽  
Fixed Effects ◽  
Positive Impact ◽  
Early Stage ◽  
National Level ◽  
Well Being ◽  
Entrepreneurial Activity ◽  
Subjective Well Being ◽  
The Impact

AbstractEntrepreneurial activity has been seen as the single most important activity of individuals due to its role in the economic development of nations. However, little is known about the impact of entrepreneurial activity on the subjective well-being of nations beyond its economic impact. The purpose of this study is to explore the impact of different types of entrepreneurial activity – total entrepreneurial activity, opportunity-driven entrepreneurial activity and innovative entrepreneurial activity – on subjective well-being across nations. We consider three distinct mechanisms by which entrepreneurship may influence subjective well-being at the national level. Our panel data includes representative country-level data from 2008 to 2015 from five different data sources for 31 European countries. We employ four econometric models for analyzing the panel data: pooled OLS regression (POLS), fixed effects model (FE), random effects model (RE), and simultaneous equations model (3SLS). Our results suggest that opportunity-driven entrepreneurial activity has a positive impact on subjective well-being. In addition, we find that subjective well-being affects the level of opportunity-driven and innovative entrepreneurial activity. These findings have implications for policy-makers seeking to promote not only economic development but also subjective well-being in the nation.

Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

2017 ◽  
Vol 9 (3) ◽  
pp. 286-299 ◽  
Author(s):  
Ondřej Dvouletý
Keyword(s):  
Economic Development ◽  
Fixed Effects ◽  
Positive Impact ◽  
Negative Relationship ◽  
Policy Implications ◽  
Entrepreneurial Activity ◽  
Gdp Per Capita ◽  
Content Type ◽  
Per Capita ◽  
The Impact

Purpose The purpose of the present study is to empirically investigate the impact of the newly established entrepreneurial activity on economic development of the Czech NUTS 3 regions during the period of years 2003-2015. Design/methodology/approach An econometric approach was used to validate the stated hypotheses assuming a positive relationship between the new entrepreneurial activity and regional economic growth and a negative relationship between the new entrepreneurial activity and unemployment rate. For the methods, regression models with fixed effects were estimated on the panel that included 13 Czech regions, covering the period of years 2003-2015. The new entrepreneurial activity was classified into two forms – rate of newly established self-employed set-ups per capita and rate of newly established business companies and partnership set-ups per capita. Findings Different impacts of newly established business companies and the self-employed were found on real gross domestic product (GDP) per capita. Only the higher rates of newly established business companies and partnership were associated with higher levels of GDP per capita in the Czech regions, and no impact was found for the rate of new self-employed set-ups. Nevertheless, both forms of newly established entrepreneurial activity were associated with lower unemployment rates in the Czech regions; however, the impact of newly established business companies was significantly higher. The obtained results have several policy implications, which are discussed in the present paper. Practical implications Support of entrepreneurship in the Czech regions may improve the situation on the local labour markets and may deliver new job opportunities through the newly established enterprises. The Czech entrepreneurship policies focused on the growth of GDP and economic boom should be oriented more on the support of high-growth enterprises (unicorns). Originality/value The empirical analysis was conducted on the basis of the research gap in the studies related to the impact of the newly established entrepreneurial activity on the economic development of the Czech regions. Obtained results have several policy implications, which are discussed in the present paper.

scholarly journals Impact of unemployment and income on entrepreneurship in post-apartheid South Africa: 1994–2015

2018 ◽  
Vol 10 (1) ◽  
Author(s):  
Darma Mahadea ◽  
Irrshad Kaseeram
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Employment Growth ◽  
Positive Impact ◽  
Early Stage ◽  
National Development ◽  
Entrepreneurial Activity ◽  
Per Capita Gdp ◽  
Per Capita ◽  
The Impact

Background: South Africa has made significant progress since the dawn of democracy in 1994. It registered positive economic growth rates and its real gross domestic product (GDP) per capita increased from R42 849 in 1994 to over R56 000 in 2015. However, employment growth lagged behind GDP growth, resulting in rising unemployment. Aim and setting: Entrepreneurship brings together labour and capital in generating income, output and employment. According to South Africa’s National Development Plan, employment growth would come mainly from small-firm entrepreneurship and economic growth. Accordingly, this article investigates the impact unemployment and per capita income have on early stage total entrepreneurship activity (TEA) in South Africa, using data covering the 1994–2015 period. Methods: The methodology used is the dynamic least squares regression. The article tests the assertion that economic growth, proxied by real per capita GDP income, promotes entrepreneurship and that high unemployment forces necessity entrepreneurship. Results: The regression results indicate that per capita real GDP, which increases with economic growth, has a highly significant, positive impact on entrepreneurial activity, while unemployment has a weaker effect. A 1% rise in real per capita GDP results in a 0.16% rise in TEA entrepreneurship, and a 1% rise in unemployment is associated with a 0.25% rise in TEA. Conclusion: There seems to be a strong pull factor, from income growth to entrepreneurship and a reasonable push from unemployment to entrepreneurship, as individuals without employment are forced to self-employment as a necessity, survival mechanism. Overall, a long-run co-integrating relationship seems plausible between unemployment, income and entrepreneurship in South Africa.

Mediating Role of Interpersonal Interactions Between Chinese Farmers' Social Networks and their Subjective Well-Being

2018 ◽  
Vol 46 (5) ◽  
pp. 721-732 ◽  
Author(s):  
Jianjun Zhang ◽  
Yang Xu ◽  
Yu Hou
Keyword(s):  
Social Networks ◽  
Rural Areas ◽  
Positive Impact ◽  
General Social Survey ◽  
Well Being ◽  
Psychological Needs ◽  
Mediating Effect ◽  
Subjective Well Being ◽  
Interpersonal Interactions ◽  
The Impact

As more than half the population of China lives in rural areas, farmers' subjective well-being is important to the maintenance of socialism in the countryside and the Chinese people's target of comprehensively building a prosperous society. Using data collected in the 2012 Chinese General Social Survey, we built a regression model to examine the impact of farmers' social networks on their subjective well-being, and the mediating effect of their interpersonal interactions on this relationship. Results showed that farmers' social networks had a positive impact on their overall subjective well-being, which was, in turn, mediated by their interpersonal interactions. Farmers with well-developed social networks tended to have effective interpersonal interactions that satisfied their social psychological needs and enhanced their subjective well-being. Our findings provide a valuable reference for enhancing the subjective well-being of farmers in China.

The Impact of Atmosphere in the City on Subjective Well-Being of Rio de Janeiro Residents During (vs. Before) the 2014 FIFA World Cup

2017 ◽  
Vol 31 (6) ◽  
pp. 605-619 ◽  
Author(s):  
Andrea Schlegel ◽  
Rebecca Pfitzner ◽  
Joerg Koenigstorfer
Keyword(s):  
Rio De Janeiro ◽  
Positive Impact ◽  
Well Being ◽  
Subjective Well Being ◽  
Path Modeling ◽  
World Cup ◽  
Fifa World Cup ◽  
Time Period ◽  
The Impact ◽  
The City

This study looks at the hosting of the 2014 Fédération Internationale de Football Association World Cup in Rio de Janeiro and, based on research drawing on environmental psychology and studies of liminality, hypothesizes that the perceived celebrative atmosphere in the city increases subjective well-being of host city residents (cariocas). Data were collected via in-person intercept surveys from 221 and 218 cariocas before and during the event, respectively. There was an increase in subjective well-being from before the event to during the event. The results of two-group path modeling revealed further that there was a positive impact of the perceived celebrative atmosphere in the host city on residents’ subjective well-being during the event; the effect was weaker (though still positive) for the time period when the event was not being hosted. Initiatives may build upon the atmospheric elements in a city to increase subjective well-being of residents, particularly in the context of event hosting.

scholarly journals Not Getting What You Want? The Impact of Income Comparisons on Subjective Well-Being—Findings of a Population-Based Longitudinal Study in Germany

2019 ◽  
Vol 16 (15) ◽  
pp. 2655
Author(s):  
André Hajek ◽  
Hans-Helmut König
Keyword(s):  
Life Satisfaction ◽  
Longitudinal Study ◽  
Fixed Effects ◽  
Positive Emotions ◽  
Satisfaction With Life ◽  
Well Being ◽  
Total Sample ◽  
Subjective Well Being ◽  
Net Income ◽  
The Impact

Previous studies have mainly focused on interindividual income comparisons (e.g., comparisons with colleagues or neighbors), whereas intraindividual income comparisons (i.e., difference between factual income and expectations) have rarely been investigated in well-being research. Thus, the aim of this study was to investigate the role of intraindividual income comparisons on subjective well-being (negative/positive emotions and life satisfaction) longitudinally. Data from 2005 to 2013 (biannually) were used from the German Socio-Economic Panel (GSOEP), a nationally representative, longitudinal study. Affective well-being (negative and positive emotions) were quantified by using the affective well-being scale-SOEP. Life satisfaction was quantified using the widely used one-item form. Intraindividual income comparisons were analyzed by using the distance between the own individual income and fair income (“how high would your net income have to be in order to be just”). We tested whether negative (i.e., factual income was lower than their self-rated just income) and positive income comparisons (otherwise) affect the outcome measures differently. Fixed effects regressions showed that positive emotions increased with positive income comparisons in the total sample (β = 0.16, p < 0.05). In contrast, negative income comparisons neither affect negative emotions nor satisfaction with life. Strategies to shift income expectations might be beneficial for increasing positive emotions.

scholarly journals Interaction Between Subjective Well-Being, Economic Activity and Education in the EU

2014 ◽  
Vol 15 (4) ◽  
pp. 285-293
Author(s):  
Artūras Gataūlinas ◽  
Rasa Zabarauskaitė
Keyword(s):  
Job Satisfaction ◽  
Positive Impact ◽  
Well Being ◽  
Subjective Well Being ◽  
Employment Level ◽  
Work Activity ◽  
Lower Education ◽  
The Impact ◽  
The Eu

The article examines the impact of professional well-being of EU citizens on their life satisfaction at both micro and macro levels. The following indicators were selected to describe the professional well-being: involvment in the official employment, level of education, and job satisfaction. The findings of the article suggest that employed respondents evaluated their subjective well-being significantly higher as compared to those not participating in the labour market. Similar findings were drawn when comparing subjective well-being of the respondents in relation to their education. Respondents with higher education reported significantly higher statistically proven subjective well-being than those with lower education. In the article, the interpretation of the findings is based on the conceptual model of subjective well-being of needs as well as on the role of employment and education in satisfaction of physiological and socially acceptable needs of individuals. Work activity is more directly linked with the satisfaction of individual needs than education. However, engagement in work has only an impact on subjective well-being if work activity is perceived as job satisfaction. If employment is perceived by individuals as providing greater satisfaction, it tends to make a more positive impact on the subjective well-being of individuals compared to activities that are perceived as providing less satisfaction.

scholarly journals The Impact of Scientific Activity of Universities on Economic and Innovative Development

2021 ◽  
Vol 17 (1) ◽  
pp. 223-234
Author(s):  
Dmitrii S. Tereshchenko ◽  
Vasilii S. Shcherbakov
Keyword(s):  
Economic Development ◽  
Fixed Effects ◽  
National Level ◽  
Relative Number ◽  
Scientific Activity ◽  
Innovative Development ◽  
Fixed Effects Model ◽  
Research Activities ◽  
Regional Universities ◽  
The Impact

Universities play a crucial role in local economies, providing educational services and participating in research and development. This is particularly important for Russia where regions are highly differentiated in terms of both socio-economic development and technological progress and innovations. However, many regional universities in Russia have traditionally focused primarily on teaching, with less emphasis on research activities. In this paper, we aim to deepen the understanding of the impact of scientific activities of universities on regional economic and innovative development. For this purpose, we estimate different specifications of a fixed-effects model using panel data from Russian regions for 2010–2016. We aggregate the number of universities’ publications per researcher at the sub-national level to incorporate regional scientific activity in our model. Considering other important socio-economic characteristics of regions, we revealed that the association between the publication activity of universities and innovative development of the region remains significant, while the relationship between economic development of the region and the scientific activity of universities disappeared completely. A number of robustness checks demonstrated that statistically significant results remain only when the relative number of publications indexed in international citation databases (Scopus and Web of Science) is used as an explanatory variable. Simultaneously, the publications indexed in specific Russian lists and databases as well as publications in regional scientific organisations that are not universities do not contribute to innovative development of the region. The results can be used for planning the funding of research activities in universities and setting performance targets for universities.

The Impact of FDI Inflows and Outflows on Economic Growth: An Empirical Study of some Developed and Developing Countries

2019 ◽  
Vol 6 (1) ◽  
pp. 129-157
Author(s):  
Younis Ali Ahmed ◽  
Roshna Ramzi Ibrahim
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Fixed Effects ◽  
Positive Impact ◽  
Developed Countries ◽  
Fdi Inflows ◽  
Panel Data Estimation ◽  
The Impact ◽  
Data Estimation

FDI is an investment including a long-term relationship and reflecting a lasting interest and control of a resident entity in one economy. FDI is a combination of capital, technology, marketing and management. Based on the Neoclassical, Exogenous and modern theories FDI has a positive role in accelerating economic growth and development. Many countries are improving their economy in order to attract FDI.  The main objective of this study is to examine the impact of FDI inflows and outflows on economic growth of developed countries such as (USA, UK and France) and developing countries such as (Malaysia, Turkey and Iran) from (1980 to 2017). To accomplish that, ARDL approach and panel data estimation were used. The empirical findings reveal that the FDI inflows and outflows for developed countries (US and UK) have a positive impact on economic growth (GDP), while the FDI inflows of France have a negative impact. Nevertheless, FDI inflows and outflows for developing countries of (Malaysia, Turkey, and Iran) have a positive impact on economic growth. The result of panel data estimation shows that Fixed effects model is appropriate for estimating the parameters. In conclusion, Developing countries should diversify their FDI inflows and outflows to cover all the sectors and they should benefit from the developed countries’ experiences with higher impact of FDI on economic growth.

scholarly journals Impact of Navratras Festivals on the Subjective Well Being of Vegetarian Customers in Hospitality Sector

2015 ◽  
Vol 2 (4) ◽  
pp. 333-338
Author(s):  
Arvind K Birdie
Keyword(s):  
Fast Food ◽  
Critical Analysis ◽  
Food Habits ◽  
Subjective Wellbeing ◽  
Positive Impact ◽  
Well Being ◽  
Subjective Well Being ◽  
Interview Schedule ◽  
Hospitality Sector ◽  
The Impact

Festivals are part of living in India and are known for bringing upliftment in moods and well beings of individuals. With the changing lifestyle in metros, young generations are in transition of adopting new modern cultural and food habits such as dining out. The present paper studies the impact of Navratras festival on subjective wellbeing of vegetarian customers in fast food joints and hotels. The paper employed a survey research design and convenient critical analysis from vegetarian customers and hoteliers. The sample (N250) was customers in all categories hotels and fast food joints in Delhi NCR. Data was collected using questions adapted from standardized tool of Sell and Nagpal’s The Subjective Wellbeing Inventory (1992) and an interview schedule was adopted. Findings revealed that celebrating Navratras outside reflects changing life style and has a positive impact on customers’ subjective wellbeing.Int. J. Soc. Sci. Manage. Vol-2, issue-4: 333-338

scholarly journals The Importance and Role of Entrepreneurship in Economic Growth and Development

2014 ◽  
Author(s):  
Asım Günal Önce ◽  
Mehmet Marangoz ◽  
Nedret Erboy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Well Being ◽  
Cultural Development ◽  
Entrepreneurial Activity ◽  
Production Volume ◽  
Economic Growth And Development ◽  
Entrepreneurial Spirit ◽  
The Impact

Economic growth leads to with increased prosperity with increasing of income levels of people living in a country. Economic development involves social and cultural developments in the economy along with prosperity. Entrepreneurship which is involved in factors of production, labor, capital and technology and brings them together and it takes risks and assess opportunities has an important role in economic growth and development. The basic elements of a country's economic development are individuals who have an entrepreneurial spirit. They are driving force of growth and prosperity. The impact on entrepreneurs' on economic development can be associated with their inventions / scientific research and invention through their innovations, the ability of adaptation innovations, by way of competition raise efficiency, providing employment, making business opportunities and their increasing of production and commercial activities where they are established. In the economies, entrepreneurs increase profits in terms of production volume, stimulating competition and in parallel with leads to the decline prices. In this context, the country's economic growth and development, remaining prosperity affects well-being and quality of life of individuals, their economic prosperity and their social and cultural development. In this study, the role and importance of entrepreneurship in a country's economic growth and development and socio-economic development will be examined in the context of various parameters and in terms of these parameters the relationship between entrepreneurial activity and economic growth will be highlighted.

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