Human Development and Its Impact on Entrepreneurship

Abstract

Entrepreneurship has an important role in the economic and social development of each country. Entrepreneurship creates prosperity, employment, and economic growth. Therefore, building a suitable business environment and promoting entrepreneurship is an important task of the government of each country. Among the factors affecting entrepreneurship, the human factor plays the most important role. In this article, the relationship between human development and entrepreneurship is confirmed through quantitative methods. The results of measuring the impact of human development on the entrepreneurship of countries in the world are also presented. Furthermore, the specific goal of this paper is to present two related indexes -the global entrepreneurship index and the human development index. The study also ansalyzes the relationship between entrepreneurship and human development through the assessment and comparison of these two important indexes. The study is based on data including 134 observed samples from the Global Entrepreneurship Report of the Global Entrepreneurship Monitor in 2019 and Human Development Report of United Nations Development Program in 2019. Besides, the implementation of analytical methods such as the graph method, regression method has proven to have a close relationship between the two indices. The results show that promoting human development contributes to entrepreneurship. Therefore, countries need to have policies that contribute to improving human development, which in turn can contribute to support and strongly promote the entrepreneurship of these countries. The results presented contribute to motivating studies that assess the impact of human development on entrepreneurship. The paper concludes with a discussion of the results and implications of the study at the end.