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How Does Female Entrepreneurship Affect Happiness?

Author

Listed:
  • Chikh-Amnache Sabrina

    (Mouloud Mammeri University, Department of Economics, Hesnaoua 1, nouvelle ville, 15000, Tizi-Ouzou, Algeria)

  • Chikh-Boubaghela Nabila

    (Mouloud Mammeri University, Department of Economics, Hesnaoua 1, nouvelle ville, 15000, Tizi-Ouzou, Algeria)

  • Mekhzoumi Lotfi

    (Echahid Hamma Lakhdar University, Department of Economics, PB 789, 39000, El-Oued, Algeria)

Abstract

The purpose of this paper is to investigate the correlation between female entrepreneurship and happiness within the Association of Southeast Asian Nations (ASEAN) region. The study uses a panel data model with two independent variables measuring female entrepreneurship and five control variables measuring the determinants of happiness. The method used for analysis is the panel fixed effects of the method of moments quantile regression (MM-QR) to examine data from nine ASEAN countries between 2006 and 2021. MM-QR can capture the location and scale of the conditional distribution of the dependent variable, making it suitable for studying the heterogeneous effects of female entrepreneurship on happiness across happiness quantiles. This approach controls for unobserved time-invariant heterogeneity, reducing omitted variable bias in cross-sectional studies. The MM-QR approach is rigorous and robust for analysing the complex relationship between female entrepreneurship and happiness in ASEAN countries. The main contribution of this study is to shed light on the relationship between female entrepreneurship and happiness, which reinforces and supports comprehensive development in emerging countries. The findings suggest that policymakers and practitioners can benefit from supporting female entrepreneurship by implementing policies and programs that provide access to education, training, mentorship, and financing. Furthermore, the study highlights the importance of the gender development index (GDI) as a determinant of happiness in ASEAN countries.

Suggested Citation

  • Chikh-Amnache Sabrina & Chikh-Boubaghela Nabila & Mekhzoumi Lotfi, 2023. "How Does Female Entrepreneurship Affect Happiness?," Central European Economic Journal, Sciendo, vol. 10(57), pages 180-197, January.
    • Handle: RePEc:vrs:ceuecj:v:10:y:2023:i:57:p:180-197:n:9
    DOI: 10.2478/ceej-2023-0011
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    References listed on IDEAS

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    1. Bruno S. Frey, 2018. "Economics of Happiness," SpringerBriefs in Economics, Springer, number 978-3-319-75807-7, October.
    2. Koenker, Roger & Bassett, Gilbert, Jr, 1982. "Robust Tests for Heteroscedasticity Based on Regression Quantiles," Econometrica, Econometric Society, vol. 50(1), pages 43-61, January.
    3. Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, vol. 13(2), pages 371-387, April.
    4. Erica Field & Seema Jayachandran & Rohini Pande & Natalia Rigol, 2016. "Friendship at Work: Can Peer Effects Catalyze Female Entrepreneurship?," American Economic Journal: Economic Policy, American Economic Association, vol. 8(2), pages 125-153, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    entrepreneurship; female entrepreneurs; happiness; method of moments quantile regression; Southeast Asia countries; C23; I31; J16; L26;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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