Entrepreneurship and human capital: The role of financial development

Dutta, Nabamita; Sobel, Russell S.

doi:10.1016/j.iref.2018.01.020

Cited by 71 publications

(54 citation statements)

References 44 publications

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“…Most of the empirical literature in relation to human capital and macroeconomic performance is filled with mixed result. This also reverberated in the study by Dutta and Sobel (2017). This reason may be that most of these empirical studies are carried out using crosscountry analysis, most especially in Africa (Gyimah-Brempony & Wilson, 2004, Gyimah-Brempony, Paddison & Mitiku, 2006Gleww, Maiga & Zheng, 2014;Ogundari & Awukuse, 2018).…”

Section: Literature Reviewmentioning

confidence: 96%

Human capital channels and productivity growth: Evidence from Nigeria

Popoola

Alege

Gershon

et al. 2019

Economics &Amp; Sociology

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Numerous studies have examined the relationship between human capital and productivity. However, the implications of human capital channels-the 'basic channel' and 'advanced channel'-were discounted from most of the empirical studies in Africa. This study, therefore, uses Vector Error Correction Model to examine the joint short-and long-run causality, as well as long-run behaviour of human capital channels on productivity within the period from 1980 to 2017. Evidence from the joint short-and long-run causality shows that there is no long-run one while joint short-run causality was observed in the basic channel, in the advanced channel there is both joint short-and long-run causality. For the long-run equation, primary school enrollment/secondary school enrollments have insignificant effect on productivity growth while tertiary institution enrollment and government expenditure on education have a positive effect on productivity growth. However, contribution of both effects is less than one per cent, thus showing low responsiveness of the inputs on productivity. The implications from this result are that human capital formation through education and investment in research and development have not promoted productivity in Nigeria. Investment in research and development is imperative to promote productivity and enhance the skills needed to adapt and diffuse new technologies.

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Section: Literature Reviewmentioning

confidence: 96%

Human capital channels and productivity growth: Evidence from Nigeria

Popoola

Alege

Gershon

et al. 2019

Economics &Amp; Sociology

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“…It has been pointed out that countries with a lower GDP are generally associated with higher entrepreneurship rates (Wennekers et al 2005;Uhlaner and Thurik 2007;Stephan and Uhlaner 2010). This is due to the lack of steady jobs, a fact that stimulates people to become entrepreneurs (Audretsch and Thurik 2001;GEM 2002;Dutta and Sobel 2018). The most recent Global Entrepreneurship Monitor report (GEM 2017) has in fact shown Guatemala as the country where becoming an entrepreneur is the best career choice, Burkina Faso as the country with the highest status for successful entrepreneurs, and Jamaica as the country with the highest attention toward entrepreneurship.…”

Section: Variablesmentioning

confidence: 99%

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

2021

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Although a great deal of attention has been paid to entrepreneurship education, only a few studies have analysed the impact of extra-curricular entrepreneurial activities on students’ entrepreneurial intention. The aim of this study is to fill this gap by exploring the role played by Student-Led Entrepreneurial Organizations (SLEOs) in shaping the entrepreneurial intention of their members. The analysis is based on a survey that was conducted in 2016 by one of the largest SLEOs in the world: the Junior Enterprises Europe (JEE). The main result of the empirical analysis is that the more time students spent on JEE and the higher the number of events students attended, the greater their entrepreneurial intention was. It has been found that other important drivers also increase students’ entrepreneurial intention, that is, the Science and Technology field of study and the knowledge of more than two foreign languages. These results confirm that SLEOs are able to foster students’ entrepreneurial intention. The findings provide several theoretical, practical and public policy implications. SLEOs are encouraged to enhance their visibility and lobbying potential in order to be recognized more as drivers of student entrepreneurship. In addition, it is advisable for universities and policy makers to support SLEOs by fostering their interactions with other actors operating in the entrepreneurial ecosystem, who promote entrepreneurship and technology transfer activities. Lastly, this paper advises policy makers to assist SLEOs’ activities inside and outside the university context.

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“…The findings of Sarma and Pais 2011were confirmed by Mishi, Vacu, and Chipote (2014) in the case of South Africa. Urbanization was found to be of significance when analyzing the impact of human capital on financial development (Dutta and Sobel, 2018). Kumar (2013) indicated that urbanization assists financial development in increasing long-term growth and development for Fiji.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Due to the supporting evidence that financial development promotes economic growth and has interactions with several other economic and financial variables, a vast literature on the determinants of financial development has emerged. Studies investigated many potential factors as possible determinants of financial development; including inflation (Ayadi, Arbak, Naceur, and De Groen, 2015;Cherif and Dreger, 2016;Kılınc, Seven and Yetkiner, 2017), trade openness (Ruiz, 2018;Ashraf, 2018), income level (Sanfilippo-Azofra and Torre-Olmo, 2018; Tayssir and Feryel, 2018;Dutta and Sobel, 2018), human capital (Ibrahim andSare, 2018, Dutta andSobel, 2018), financial reforms (Ayadi et al, 2015), and bank development (Hamdi, 2015).…”

Section: Introductionmentioning

confidence: 99%

Analyzing the Role of Government Efficiency on Financial Development for OECD Countries

Amir

Gökmenoğlu

2020

Review of Economic Perspectives

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This paper fulfills a gap in the existing literature by analyzing the impact of government efficiency and corruption on the financial development of 31 OECD countries for the period 2002 to 2015 inclusively. To ensure robustness in our estimations, we employed several econometrics techniques, included control variables in our models, used several proxies for the variables under investigation, split the data into subgroups based on the degree of democracy, and repeated the analysis for these groups. Obtained findings provide strong evidence that government efficiency has a significant effect on financial development, and the sign of all the control variables are compatible with the a-priory theoretical expectations. The results of this study propose several policy recommendations to enhance financial development such as enhancing social cohesion through education on the use of tax contributions, revising budget procedures to ensure efficient spending of resources and to improve institutional quality, and reducing corruptive pursuits by targeting the informal economy activities and modifying the rule of law.

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Entrepreneurship and human capital: The role of financial development

Cited by 71 publications

References 44 publications

Human capital channels and productivity growth: Evidence from Nigeria

Human capital channels and productivity growth: Evidence from Nigeria

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

Analyzing the Role of Government Efficiency on Financial Development for OECD Countries

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