|Table of Contents|

Business establishment and national happiness: empirical evidence from China household finance survey(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2019年02期
Page:
73-84
Research Field:
社会学
Publishing date:

Info

Title:
Business establishment and national happiness: empirical evidence from China household finance survey
Author(s):
CHEN Fuzhong;  LU Jingxin
School of International Trade and Economics，University of International Business and Economics，Beijing 100029，China
Keywords:
national happiness; China household finance survey;  ordered Probit regression model;  innovation;  entrepreneurial participation
PACS:
F014.5；F279.2
DOI:
-
Abstract:
As Chinese economy enters a stage of “New Norm”，growth slows down and the structural problems are gradually highlighted. The calling for mass entrepreneurship and innovation provided a way to further ease the structural conflicts. This paper uses the data of China Household Finance Survey (CHFS) to verify the correlation between entrepreneurship and national happiness，and the nexus were further empirically explored.The study found that entrepreneurship is positively related to the national happiness；and the national happiness can increase with the level of entrepreneurial participation. Balanced or profitable business projects can enhance national happiness，and the level of profitability is positively correlated with the level of national happiness. Therefore，we should seize the opportunity of mass entrepreneurship and innovation by making reasonable use of the preferable policies and measures，and enhancing human capital，strengthening the entrepreneurial training，thus to improve the probability of success，and enhance national happiness.

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Last Update: 2019-05-15