Entrepreneurship Capital and Economic Performance

Audretsch, David B.; Keilbach, Max

doi:10.1093/acprof:oso/9780195183511.003.0004

Cited by 185 publications

(243 citation statements)

References 243 publications

Supporting

Mentioning

226

Contrasting

Unclassified

Order By: Relevance

“…One could even argue that high rates of investment in human and physical capital are themselves stimulated by effective innovation, and cannot be maintained in the absence of innovation. Recent studies emphasize entrepreneurship as a driver of economic development and some authors include entrepreneurship as a fourth production factor in the macroeconomic production function (Audretsch and Keilbach 2004). Entrepreneurship is the factor that creates wealth by combining existing production factors in new ways.…”

Section: Entrepreneurship and Economic Developmentmentioning

confidence: 99%

Types of Entrepreneurship and Economic Growth

Stam¹,

Stel²

2011

Entrepreneurship, Innovation, and Economic Development

115

View full text Add to dashboard Cite

In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that we compare the effects of entrepreneurial activity on economic growth in high income, transition and low income countries. This dataset also enables us to make a distinction between the effects of entrepreneurship in general and growth-oriented entrepreneurship in particular. We present empirical tests of the impact of entrepreneurial activity on GDP growth over a four year period for a sample of 36 countries. Our empirical analyses suggest that entrepreneurship does not have an effect on economic growth in low income countries, in contrast to transition and high income countries where especially growth-oriented entrepreneurship seems to contribute strongly to macroeconomic growth.

show abstract

Section: Entrepreneurship and Economic Developmentmentioning

confidence: 99%

Types of Entrepreneurship and Economic Growth

Stam¹,

Stel²

2011

Entrepreneurship, Innovation, and Economic Development

115

View full text Add to dashboard Cite

show abstract

“…Thus, all the positive effects of entrepreneurship and new firm start-ups underlined above would be particularly obvious at the regional level (see Lee, Florida and Acs, 2004) where it has been found that interspatial variations in the endowment of "entrepreneurship capital" may be an important determinant of differences in regional output, knowledge spillovers and productivity (see Audretsch and Keilbach, 2004b;Varga and Schalk, 2004 (OECD, 2003, p. 145). In a previous paper with David Audretsch (Audretsch, Santarelli and Vivarelli, 1999a), we studied 1,570 new Italian manufacturing firms 3 and tracked their post-entry evolution for six years.…”

Section: The Aggregate Outcomes Of Industrial Dynamicsmentioning

confidence: 99%

“…From such a perspective, entrepreneurs are those individuals Schumpeter labelled "energetic types" who display their "essential features" by introducing the "new" into various activities and by "breaking with the established routines" usually adhered to by managers (see Santarelli, 2006a, p. xii). Thus, entrepreneurship deals with the role of risk takers and creative individuals who start a new business or revive an already existing one (see Hébert and Link, 1999) 2 .In more general terms, it has been argued that new firm formation can be beneficial for economic growth (at least in developed countries, see Van Stel, Carree and Thurik, 2005), employment generation and unemployment reduction (see Hart and Oulton, 2001;Thurik, 2003;Baptista, Van Stel and Thurik, 2006).It has long been observed that entrepreneurial activity varies across geographic space.Thus, all the positive effects of entrepreneurship and new firm start-ups underlined above would be particularly obvious at the regional level (see Lee, Florida and Acs, 2004) where it has been found that interspatial variations in the endowment of "entrepreneurship capital" may be an important determinant of differences in regional output, knowledge spillovers and productivity (see Audretsch and Keilbach, 2004b;Varga and Schalk, 2004 (OECD, 2003, p. 145). In a previous paper with David Audretsch (Audretsch, Santarelli and Vivarelli, 1999a), we studied 1,570 new Italian manufacturing firms 3 and tracked their post-entry evolution for six years.…”

mentioning

confidence: 99%

Entrepreneurship and the process of firms' entry, survival and growth

Santarelli¹,

Vivarelli²

2007

Industrial and Corporate Change

401

253

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. licence. www.econstor.eu IZA DP No. 2475 Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated Entrepreneurship and the Process of Firms' Entry, Survival and Growth Enrico Santarelli Marco Vivarelli D I S C U S S I O N P A P E R S E R I E SThe Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit company supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its research networks, research support, and visitors and doctoral programs. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public.IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. ABSTRACT Entrepreneurship and the Process of Firms' Entry, Survival and GrowthThis survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's ex-ante features in terms of likely ex-post business performance. The main conclusion is that entry of new firms is heterogeneous with innovative entrepreneurs being found together with passive followers, over-optimist gamblers and even escapees from unemployment. Since founders are heterogeneous and may make "entry mistakes", policy incentives sh...

show abstract

“…The notion, that innovation, entrepreneurship and knowledge, acquired through research and education, can drive economic growth, is currently well-grounded in economic research [2], [3], [4] and [5]. However, in the present author's view, enhancing growth requires not only public and private resources, but also a challenging business culture, enhanced by awareness and provision of various training programs in entrepreneurship and innovation.…”

Section: Literature Reviewmentioning

confidence: 97%

Arab Countries Can Perform Better with Clear Emphasis on Innovation, Entrepreneurship and an Evolving Culture

Oukil¹

2011

IJEEEE

View full text Add to dashboard Cite

Abstract-Arab countries strive to integrate the international business and close the gaps with the rest of the world as quickly as possible. However, a real problem is that compared to other countries, their policies lack many important ingredients for success. Gaining competitive advantage and achieving growth and competitiveness are not only a matter of openess, huge investments and business creation per se. Researchers argue that changes in management and governance are a must, and emphasis on innovation and entrepreneurship, and improving the business culture through education are very critical. In this paper, the author considers the case of the Arab countries, using secondary data and drawing on relevant academic work. The results of his study suggest that despite some important achievements, there are specific challenges facing these countries to make a sound shift towards productive and dynamic economies and better societies.After an introduction and literature review, section III provides a broad picture of the overall progress made by Arab countries, followed by main shortcomings. Section IV elaborates on the necessity of focusing on monitoring people's initiatives, and enhancing entrepreneurship at all levels. Section V discusses the inadequate understanding of competitiveness in Arab countries. Section VI describes the prevailing loose business culture in these countries. Section VII discusses the particular role of higher education institutions. The last section concludes the paper. IndexTerms-Arab countries, business culture entrepreneurship education, innovation, international integration.

show abstract

Entrepreneurship Capital and Economic Performance

Cited by 185 publications

References 243 publications

Types of Entrepreneurship and Economic Growth

Types of Entrepreneurship and Economic Growth

Entrepreneurship and the process of firms' entry, survival and growth

Arab Countries Can Perform Better with Clear Emphasis on Innovation, Entrepreneurship and an Evolving Culture

Contact Info

Product

Resources

About