Total factor productivity and the role of entrepreneurship
By H. Erken, P. Donselaar, Roy Thurik. Journal of Technology Transfer, 2016
159 citations recorded by the source corpus.
The absence of evidence in the scholarly literature for a tested long-term relationship between entrepreneurship and economic growth is at odds with the importance attributed to entrepreneurship in the policy arena. The present paper addresses this absence, introducing entrepreneurship using four different and accepted models explaining the total factor productivity of twenty OECD countries with data for the period 1969–2010. Traditionally, entrepreneurship is not addressed in these models. We show that in all models—as well as a joint one—entrepreneurship has a significant influence while the remaining effects largely stay the same. Entrepreneurship is measured as the business ownership rate (number of business owners per workforce) corrected for the level of economic development (GDP per capita).
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/7b0258fb6227a826c333c28df2768864fa10124d
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In Economics and Econometrics
Citations in the corpus
- Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective (2018, unknown): “Researchers at the country-level use measures of self-employment, new firm startups or the Global Entrepreneurship Monitor defined Total Entrepreneurship Activity (TEA) rate (Carree and Thurik 2003; Erken et al. 2016).”
- Institutions, entrepreneurship, and economic growth in Europe (2018, result): “This is consistent with recent work like Aparicio et al. (2016) and Erken et al. (2016).”
- Institutions, Entrepreneurship, and Economic Growth: What Do We Know and What Do We Still Need to Know? (2016, unknown): “Entrepreneurship has also been included in models that are based on the so-called “endogenous” or “new” growth theory (e.g., Erken et al., 2008; Romer, 1990).4 In general, economists have increasingly modeled entrepreneurship as the mechanism that picks and implements process innovations (that…”
- Born to be green: new insights into the economics and management of green entrepreneurship (2017, background): “…Tamvada 2015), factors shaping firm clustering (Henderson et al. 2001; Fujita and Thisse 2013), and the impact of entrepreneurship on the region (Audretsch 2007, Erken et al. 2016, Massón-Guerra and Ortín-Ángel 2017), little is known about the link between green entrepreneurship and the region.”