SMEs, Growth, and Poverty: Cross-Country Evidence

Beck, Thorsten; Demirgüç-Kunt, Aslı; Levine, Ross

doi:10.1007/s10887-005-3533-5

Cited by 555 publications

(371 citation statements)

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“…1The existing theoretical and empirical literature related to finance and economic growth suggests that the financial sector has a significant positive influence on long-run economic growth (King and Levine 1993;Beck et al 2005;2008;Beck, Levine and Loayza 2010). The first stream of literature focused on the role of the 1 The authors are grateful to the anonymous reviewers for their helpful suggestions and comments.…”

Section: Introductionmentioning

confidence: 99%

An Empirical Analysis of Stock Market Development and Economic Growth: The Case of Macedonia

Lazarov

Miteva-Kacarski

Nikoloski

2016

South East European Journal of Economics and Business

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Section: Introductionmentioning

confidence: 99%

An Empirical Analysis of Stock Market Development and Economic Growth: The Case of Macedonia

Lazarov

Miteva-Kacarski

Nikoloski

2016

South East European Journal of Economics and Business

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“…At the very least, it is associated with job creation, wealth creation, innovation and its related welfare effects. A strong small business sector and entrepreneurship are generally linked to a strong economy (Beck, Demirguc-Kunt and Levine 2005). Across developed and developing countries, entrepreneurship has become a critical part of economic development strategies.…”

Section: Introductionmentioning

confidence: 99%

Measuring Entrepreneurship in Developing Countries

Desai¹

2011

Entrepreneurship and Economic Development

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This paper discusses the difficulties associated with measuring entrepreneurship in developing countries. Three important dichotomies in the research on entrepreneurship are discussed: formal-informal, legal-illegal, and necessity-opportunity. Several common measures of entrepreneurship are outlined along with their relevance to developing countries, including self-employment, Global Entrepreneurship Monitor data, World Bank Group Entrepreneurship Survey data and OECD data. The implications of the current understanding of entrepreneurship are discussed with respect to institutions and economic development.

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“…Moderate economic growth, together with persistently high levels of unemployment, stimulate expectations of entrepreneurship's potential as a source of economic growth and job creation (Acs, 1992;Thurik, 2003 andBeck, Demirguc-Kunt and Levine, 2005). Hence, entrepreneurship emerged as a key agenda item for economic policy makers across Europe, with individual nations and the European Union actively promoting it (OECD, 1998;European Commission, 1999 and.…”

Section: Introductionmentioning

confidence: 99%

Determinants of entrepreneurial engagement levels in Europe and the US

Grilo¹,

Thurik²

2008

Industrial and Corporate Change

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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. Abstract: In this paper the process of the entrepreneurial decision is decomposed in seven engagement levels ranging from "never thought about starting a business" to "gave up", "thinking about it", "taking steps for starting up", "having a young business", "having an older business" and "no longer being an entrepreneur". By using a multinomial logit model we allow the effect of covariates to differ across the various entrepreneurial engagement levels. Data from two Entrepreneurship Flash Eurobarometer surveys (2002 and2003) containing over 20,000 observations of the 15 old EU member states, Norway, Iceland, Liechtenstein and the US are used. Other than demographic variables, the set of explanatory variables used includes the perception by respondents of administrative complexities, of availability of financial support and of risk tolerance, the respondents' preference for self-employment and country specific effects. Among our results we find that the perception of lack of financial support has no discriminative effect across the various levels of entrepreneurial engagement while perception of administrative complexities plays a negative role only for high levels of engagement. Terms of use: Documents in

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SMEs, Growth, and Poverty: Cross-Country Evidence

Abstract: Firm size, market structure, economic development, O1, O2, L11, L25,

Cited by 555 publications

References 48 publications

An Empirical Analysis of Stock Market Development and Economic Growth: The Case of Macedonia

An Empirical Analysis of Stock Market Development and Economic Growth: The Case of Macedonia

Measuring Entrepreneurship in Developing Countries

Determinants of entrepreneurial engagement levels in Europe and the US

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