Innovation, entrepreneurship and economic growth

Galindo, Miguel‐Ángel; Méndez‐Picazo, María‐Teresa

doi:10.1108/00251741311309625

Cited by 128 publications

(78 citation statements)

References 30 publications

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“…Galindo and Méndez-Picazo's (2013) findings showed that entrepreneurs have a positive effect on innovations which play key role in the economic growth process. In order to introduce innovative products and services, we argue that low preference for avoiding uncertainty is expected.…”

Section: Literature Reviewmentioning

confidence: 91%

“…Stel et al (2005) summarize importance of entrepreneurship on economic performance of the nation state: introduction of important innovations (new products and services); increase of productivity by increasing competition and enhancing our knowledge of what is technically viable to produce. Galindo and Méndez-Picazo (2013) have concluded that entrepreneurs have a positive effect on innovations while innovation plays a central role in the economic growth process. They introduce term "virtuous circle": innovations would have positive effects on economic growth and entrepreneurship while entrepreneurship encourages innovation activity which allows a positive effect on economic activity.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Effects of Entrepreneurial Activity and Preference for Avoiding Uncertainty on National Economic Growth

Martinović¹,

Veselinović²,

Arnaut-Berilo³

2017

EJBM

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Entrepreneurs play an important role nowadays as well as in the history of economic thoughtentrepreneur used to be the one bearing the risk of buying at certain prices and selling at uncertain prices, protagonist of economic activity and innovating so the new combinations of inputs are used in order to create new output. Nevertheless, relationship between entrepreneurial activity and national growth is not so straightforward. This study aims to contribute to the stream of research that tries to uncover the ultimate results of entrepreneurship. This paper seeks to explore influence of TEA in countries that belongs to different categories regarding 'uncertainty avoidance' cultural dimension. Our results could not confirm that entrepreneurial activity increases with increase of per capita income. We argue that entrepreneurial activity could contribute to GDP growth regardless of current level of development. We find that the entrepreneurial activity can increase or decrease GDP growth rates depending on level of preferences for uncertainty avoidance. We argue that TEA in countries with lower and higher preferences for uncertainty avoidance will negatively influence the GDP growth. Possible explanation is that less innovative ventures are created in countries with lower preference for uncertainty avoidance thus no considerable influence on GDP could be expected while more ventures fail as the entrepreneurs starts riskier business in the countries with higher preferences for uncertainty avoidance. Countries in the middle of these two extreme values can expect positive effect of TEA on GDP growth since preference for uncertainty is neither too high nor too low. Nevertheless, these results should be taken with caution since not all results were statistically significant. The main limitation is lack of data on entrepreneurial activity for all countries so instead of using TEA in the period preceding the GDP growth, average TEA for 2010-2011 was used.

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Section: Literature Reviewmentioning

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

The Effects of Entrepreneurial Activity and Preference for Avoiding Uncertainty on National Economic Growth

Martinović¹,

Veselinović²,

Arnaut-Berilo³

2017

EJBM

View full text Add to dashboard Cite

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“…Sejalan dengan Schumpeter bahwa inovasi merupakan proses pembelajaran dan sebagai peran sentral untuk mendukung pertumbuhan ekonomi (Galindo at al., 2013). Konstruk inovasi hubungannya dengan kewirausahaan sebagaimana ditunjukkan para peneliti legendaris seperti Schumpeterian's view; bahwa aktivitas kewirausahaan menyiratkan inovasi sebagai pengenalan produk baru, organisasi atau proses menghasilkan suatu proses penghancuran dari status quo, innovator menghasilkan produk baru sebagai perubahan dalam struktur ekonomi.…”

Section: Konstruksiunclassified

“…Konstruk inovasi hubungannya dengan kewirausahaan sebagaimana ditunjukkan para peneliti legendaris seperti Schumpeterian's view; bahwa aktivitas kewirausahaan menyiratkan inovasi sebagai pengenalan produk baru, organisasi atau proses menghasilkan suatu proses penghancuran dari status quo, innovator menghasilkan produk baru sebagai perubahan dalam struktur ekonomi. Sementara Kirznerian's view; entrepreneur belajar dari kesalahan masa lalu dan mencoba untuk memperbaikinya, membawanya ke pasar untuk mengambil peluang yang menguntungkan.Berbeda dengan Knight menunjukkan bahwa untuk membawa inovasi ke pasar entrepreneur berhadapan dengan risiko dan ketidakpastian, hal ini sebagai elemen penting untuk menentukan pengambilan keputusan bagaimana reward untuk menutupi risiko (Galindo at al., 2013), enterprenurship selalu diasumsikan sebagai menghasilkan sesuatu yang baru, inovasi baru, berisiko dan profitabel (Dees, 2001;Drucker, 1985;Martin & Osberg, 2007). Hal ini dikritik dari pandangansocial entreprenurship (Wiseman, Alexander W., 2014).…”

Section: Konstruksiunclassified

Model konstruksi kognitif metaphora kewirausahaan: pendekatan konseptual

Sulastri

Wahab

Varbi

2017

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Entrepreneurial knowledge is a taxonomic knowledge with complex and extensive metaphor. Its complexity and breadth requires construct simplification to achieve the effectiveness of the cognitive goals that can be guided as a learning outcome. The aim of this research is to produce a conceptual model on the cognitive entrepreneurial knowledge in learning process in higher education. The cognitive construction model is focused on important variables of entrepreneurship such as (a) opportunities recognition, (b) opportunities exploitation (c) innovation, (d) proactive, and (e) risk taking as the main construct variable in entrepreneurship. Conceptual study that concluded that to do cognitive construction from a learning process, 5 aspects are required: (1) content of what will be interpreted; (2) type of representation that will be reflected and explained; (3) referent, the background of representation of the meaning of content; (4) relatedness, the relationship between content and context and (5) the interaction between content, representation, referent and relatedness in forming intentionality. The cognitive construction process will reach it means if intentionality is formed as the goal of learning activity. Proposition of knowledge cognitive construction model gives implication on the future empirical studies as a part of taxonomy and the body knowledge of entrepreneurship. Key Words: Cognitive construction, opportunities introduction, opportunities exploitation, innovation, creativity, proactive, and risk taking.Abstrak: Pengetahuan kewirausahaan merupakan taksonomi yang memiliki konstruk yang kompleks dan luas. Kompleksitas dan keluasan pengetahuan kewirausahaan membutuhkan penyederhanaan konstruk untuk mencapai efektivitas pada sasaran kognitif yang dapat dipedomani sebagai learning outcome. Tujuan artikel ini untuk memodelkan secara konseptual bagaimana konstruk dan proses kognitif pengetahuan kewirausahaan dalam pembelajaran pada level pendidikan tinggi. Model konstruksi kognitif difokuskan pada variabel penting kewirausahaan antara lain (a) pengenalan peluang, (b) eksploitasi peluang (c) inovasi (d) proaktif dan (e) risk taking sebagai variabel utama yang menjelaskan konstruk kewirausahaan. Kajian konseptual menyimpulkan bahwauntuk melakukan konstruksi kognitif dari suatu proses pembelajaran dibutuhkan (1) konten apa yang akan dimaknai, (2) jenis representasi seperti apa yang dapat merefleksikan dan dijelaskan dalam dunia nyata, (3) referent, apa yang melatar belakangi terjadinya representasiterhadap makna konten (4) bagaimana konten berhubungan dengan konteks (relatedness) (5) bagaimana terjadinya interaksi antara konten, representasi, referent dan relatedness sehingga membentuk intensionalitas. Proses konstruksi kognitif menjadi bermakna jika terbangunnya intensionalitas sebagai sasaran pembelajaran. Model proposisi konstruksi kognitif

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“…Algunas de las líneas de investigación más actuales relacionadas con el emprendimiento son: el emprendimiento femenino Estrin & Mickiewicz, 2011;Akehurst, Simarro & Mas-Tur, 2012;Brush & Cooper, 2012;Valdivia, 2015), el emprendimiento social (Lepoutre, Justo, Terjesen & Bosma, 2013;Maclean, Harvey & Gordon, 2013;Choi & Majumdar, 2014;Zahra, Newey & Li, 2014;Munoz & Kibler, 2015), el Intraemprendimiento (Martiarena, 2013, Bosma, Stam & Wennekers, 2014Moriano, Molero, Topa & Mangin, 2014), la educación para el emprendimiento (Bae, Qian, Miao & Fiet, 2014;Zhang, Duysters & Cloodt, 2014;Fayolle & Gailly, 2015;Pinazo-Dallenbach & Tutistar-Rosero, 2015), innovación y emprendimiento Chaston & Scott, 2012;Block, Thurik & Zhou, 2013;Galindo & Méndez-Picazo, 2013), el entorno cultural del emprendedor (Lerner & Malach-Pines, 2011;Thornton, Ribeiro-Soriano & Urbano, 2011;Fernández-Serrano & Romero, 2014;Liñán & Fernandez-Serrano, 2014), el entorno social del emprendedor (Kwon & Arenius, 2010; (Levie & Autio, 2011;Stenholm, Acs & Wuebker, 2013;Eberhart, Eisenhardt & Eesley, 2014;Aparicio, Urbano & Audretsch, 2015), las políticas de emprendimiento Aghion, 2011;Arshed, Carter & Mason, 2014) y emprendimiento y globalización (Hessels & van Stel, 2011;Norbäck, Persson & Douhan, 2014).…”

Section: El Emprendimiento En La Literatura Económico-empresarialunclassified

Emprendimiento en El Salvador: La Inseguridad Ciudadana como barrera

Pinazo-Dallenbach¹

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Innovation, entrepreneurship and economic growth

Cited by 128 publications

References 30 publications

The Effects of Entrepreneurial Activity and Preference for Avoiding Uncertainty on National Economic Growth

The Effects of Entrepreneurial Activity and Preference for Avoiding Uncertainty on National Economic Growth

Model konstruksi kognitif metaphora kewirausahaan: pendekatan konseptual

Emprendimiento en El Salvador: La Inseguridad Ciudadana como barrera

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