Entrepreneurship, small businesses and economic growth in cities

Lee, Yong Suk

doi:10.1093/jeg/lbw021

Cited by 22 publications

(26 citation statements)

References 24 publications

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“…For policy-makers seeking to address entrenched regional poverty and disadvantage, entrepreneurship is an important, politically acceptable tool. And there is some support for this position in the literature on entrepreneurship, which generally shows a positive, but two-way, relationship with local economic performance (Fritsch and Noseleit, 2013;Fritsch and Schindele, 2011;Glaeser et al, 2015;Lee, 2017;Mueller et al, 2008). Yet the evidence more specifically on its wider impact on disadvantaged groups is relatively weak and focused on the impact on the entrepreneurs themselves (Bruton et al, 2013;Frankish et al, 2014;Fritsch and Storey, 2014).…”

Section: Introductionmentioning

confidence: 94%

“…High-productivity firms are more likely to survive, meaning that aggregate productivity will increase in the long run (Fritsch, 2013). Entrepreneurship may thus enhance economic development and an established literature suggests that entrepreneurship is associated with job creation and higher wages (Baptista et al., 2008; Lee, 2017; Parker, 2018).…”

Section: The Wider Benefits Of Entrepreneurshipmentioning

confidence: 99%

“…Studies on wages are often similarly positive. Lee (2017) focuses on US cities in the two decades to 2003, and shows that increases in the number of small businesses are associated with higher employment and wages in around 10 years, with this effect extending beyond those directly employed. Yet this literature offers little guidance on the potential impact on poverty.…”

Section: The Wider Benefits Of Entrepreneurshipmentioning

confidence: 99%

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Entrepreneurship and the fight against poverty in US cities

Lee

Rodríguez‐Pose

2020

Environ Plan A

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Entrepreneurship is often seen as the cure-all solution for poverty reduction. Proponents argue that it leads to job creation, higher incomes and lower poverty rates in the cities in which it occurs. Others argue that many entrepreneurs are actually creating low-productivity firms serving local markets. Yet, despite this debate, little research has considered the impact of entrepreneurship on poverty in cities. This paper addresses this gap using a panel of US cities for the period between 2005 and 2015. We hypothesize that the impact of entrepreneurship will depend on whether it is in tradeable sectors, so likely to have positive local multiplier effects, or non-tradeable sectors, which may saturate local markets. We find that entrepreneurship in tradeables reduces poverty and increases incomes for non-entrepreneurs, a result we confirm using an instrumental variable approach, taking the inheritance of entrepreneurial traits as the instruments. In contrast, while there are some economic benefits from non-tradeable entrepreneurship, we find these are not large enough to reduce poverty.

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Section: Introductionmentioning

confidence: 94%

Section: The Wider Benefits Of Entrepreneurshipmentioning

confidence: 99%

Section: The Wider Benefits Of Entrepreneurshipmentioning

confidence: 99%

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Entrepreneurship and the fight against poverty in US cities

Lee

Rodríguez‐Pose

2020

Environ Plan A

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“…Because of characteristics such as leadership, management, innovation, limitless effort and hard work, high efficiency, creating competitiveness, high performance, funding companies and productive industries, making job opportunities and so on, entrepreneurs have an important role in economic growth and development of various countries (Stuetzer et al, 2017). Form the viewpoint of many economists and owners of various sciences, entrepreneurs are like the engine of acceleration and growth and development of the societies which can lead the society towards a dynamic economy by creating a healthy and competitive environment (Lee, 2016).…”

Section: The Role Of Entrepreneurship In the Development Of Societymentioning

confidence: 99%

Investigating the Impact of Entrepreneurship and Education on Economic Growth

Badri¹,

Badri²

2020

OJMS

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Developments and rapid changes in the international community, moving from traditional society to the information society, as well as changing the national economy to the global economy, require different solutions to enable economic growth and development in society. In fact, entrepreneurship, which is the concept of the discovery and exploitation of opportunities for value creation in the various sectors, is the basis for an all-round development. For this reason, to develop the countries pay special attention to the entrepreneurship is very important. So, this study is trying to investigate the effects of entrepreneurship and education on economic growth in 25 selected countries using the panel-data method in the period of 2001 to 2015. The results show that entrepreneurship and education have positive effects on economic growth, so that by increasing one percent of each variable, respectively, economic growth will increase by 0.41 and 0.21 percent. Badri, A. K. | Department of Economics, Faculty of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

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“…The growth of the small and medium business has stimulated by 10% while the employment and annual wage rate also increased by 2.4-4.0% and 1.2-2.0% respectively. This all happened due to the entrepreneurial development and use of various institutional strategies by the leaders [16].…”

Section: Literature Reviewmentioning

confidence: 99%

Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer

Tanchangya¹,

Chowdhury²,

Chu³

2019

JBED

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Economic Development is the main aim for every country. Returning industry transfer (RIT) is a continuous cycle of developing industry and the economic growth. Through the returning industry transfer, the numbers of Institutional entrepreneurs increasing day by day. The basic aim of RIT is to strengthen the growth level of entrepreneurs who then drive more economic growth through their innovative strategies. Returning industry transfer has a positive influence on the growth of institutional entrepreneurs as the skills and capabilities of a traditional entrepreneur can be nurtured, promoted and cultivated with it. RIT is further associated with a number of beneficial outcomes such as higher production levels, skills and knowledge migration across industries, reduced costs, lowered poverty levels and improved entrepreneurial abilities. The objective of this study is to analyze the impact on rural revitalization through returning industry transfer. To do so, the paper considers factors like high technology, entrepreneur, poverty alleviation, rural revitalization. All these factors which result from RIT also have a broader economic impact in the form of long-term growth and development. Returning industry transfer is a driving factor to bring entrepreneurial innovation in an industry. Not only has this but it also enhanced the pace of rural revitalization, poverty reduction, economic development and growth.

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Entrepreneurship, small businesses and economic growth in cities

Cited by 22 publications

References 24 publications

Entrepreneurship and the fight against poverty in US cities

Entrepreneurship and the fight against poverty in US cities

Investigating the Impact of Entrepreneurship and Education on Economic Growth

Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer

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