The role of entrepreneurship in stimulating economic growth in developed and developing countries

By J. Doran, Nóirín McCarthy, M. O’Connor. 2018

242 citations recorded by the source corpus.

Abstract This paper analyses whether different measure of entrepreneurship can explain economic growth. It utilises 14 difference indicators of entrepreneurship to analyse the contribution of entrepreneurial activity, aspirations, and attitudes to Gross Domestic Product (GDP) per capita. It also examines whether the importance of entrepreneurship varies across high-income and middle/low-income countries. An unbalanced panel of 55 countries over the time period 2004–2011 is used. Fourteen different indicators of entrepreneurship are utilised and are condensed into three components using principle components analysis. Regression analysis is then used to assess whether these three different components of entrepreneurship drive economic growth. The results indicate that entrepreneurial attitudes are found to stimulate GDP per capita in high-income countries while entrepreneurial activity is found to have a negative effect in middle/low-income economies.

Subfields: Business and International Management, Information Systems, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/fb0386834cb399dcd3e4d5e74af71660cc8f47b4

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Information Systems

1. V. Rusu
2. Ovidiu Stoica
3. A. Roman

In Management of Technology and Innovation

1. V. Rusu
2. Ovidiu Stoica
3. A. Roman

Citations in the corpus

• The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries (2020, background): “Such a result would not seem surprising because this type of entrepreneurship is represented by people who are forced to start their own business due to lack of jobs and who are usually not very productive [21].”