The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries

Stoica, Ovidiu; Roman, Angela; Rusu, Valentina Diana

doi:10.3390/su12031186

Cited by 181 publications

(148 citation statements)

References 53 publications

Supporting

Mentioning

130

Contrasting

Unclassified

Order By: Relevance

“…More generally, any support scheme for the self-employed may create both negative and positive externalities, which are to be weighted against each other. For instance, self-employment and entrepreneurship are shown to have a positive effect on growth (Stoica et al 2020). As such, support schemes which successfully retain the propensity to remain self-employed through the crisis have the potential to facilitate recovery after the COVID-19 pandemic.…”

Section: Discussionmentioning

confidence: 99%

COVID-19: a crisis of the female self-employed

2021

View full text Add to dashboard Cite

We investigate how the economic consequences of the pandemic and the government-mandated measures to contain its spread affect the self-employed — particularly women — in Germany. For our analysis, we use representative, real-time survey data in which respondents were asked about their situation during the COVID-19 pandemic. Our findings indicate that among the self-employed, who generally face a higher likelihood of income losses due to COVID-19 than employees, women are about one-third more likely to experience income losses than their male counterparts. We do not find a comparable gender gap among employees. Our results further suggest that the gender gap among the self-employed is largely explained by the fact that women disproportionately work in industries that are more severely affected by the COVID-19 pandemic. Our analysis of potential mechanisms reveals that women are significantly more likely to be impacted by government-imposed restrictions, e.g., the regulation of opening hours. We conclude that future policy measures intending to mitigate the consequences of such shocks should account for this considerable variation in economic hardship.

show abstract

Section: Discussionmentioning

confidence: 99%

COVID-19: a crisis of the female self-employed

2021

View full text Add to dashboard Cite

show abstract

“…Currently, entrepreneurship is understood as a significant factor of productivity, innovation, employment, and competitiveness. Entrepreneurship is essential to economic dynamism and strongly impacts the economic growth of countries and regions [10][11][12]. The establishment of new businesses and entrepreneurship are key components in the regional economic growth as they influence the regional industrial base configuration, this is an important indicator to reveal the growth differences and performance between regions [13].…”

Section: Literature Review In Business Dynamics and Innovation Capabimentioning

confidence: 99%

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Lopes

Oliveira

Silveira

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

View full text Add to dashboard Cite

This research aims to identify which factors best explain business dynamics and innovation capacity in the continents of Africa, Asia, Europe, Latin America and the Caribbean, and North America. To achieve this, data from the Global Entrepreneurship Monitor and the Global Competitiveness Report is used. The linear regression method is utilized with the stepwise procedure for data analysis. It is possible to ascertain that, with a view to increasing innovation capacity in the African continent, business leaders and managers should be acquainted with innovation studies to better understand technological advances. In relation to Asia, the detected models of business dynamism and capacity for innovation are positive. On the European continent, the results show that RIS3 has a positive impact on the capacity for innovation. In Latin America and the Caribbean, it seems that business dynamism and the capacity for innovation are negative and regional development policies should be more flexible. In North America, it appears that business dynamism and the capacity for innovation are negative. The research contributes with measures that can be applied by organizations and policymakers to these five continents to improve the performance of business dynamism and the capacity for innovation in their territories. The resulting data give originality to the research as well as important contributions, not only to the theory, but also to the entities (organizations and governments) acting in the field who can implement new policies, such as tax incentives to companies for the first purchase of high-tech equipment, products, or products with intellectual property rights developed by national companies and provide support policies directed to companies that purchase high-tech domestic equipment.

show abstract

“…Today, the figure of the entrepreneur is increasingly important in our society and entrepreneurship has become a primary objective of governments of the world's leading, emerging and advanced economies due to its positive impact on wealth and employment (Thurik et al, 2008;Sugheir et al, 2013;Doran et al, 2016;Åstebro & Tåg, 2017), which in turn increases productivity, and encourages innovation (Audretsch, 2007;Cuervo et al, 2007) by enhancing competitiveness (Pradhan et al, 2020) and generating long-term economic growth (Doran et al, 2018;Galindo-Martín et al, 2019;Urbano et al, 2019;Pradhan et al, 2020). Furthermore, recent literature highlights that entrepreneurial activity not only leads to sustained economic growth and a persistent rise in living standards through innovation and enhanced competitivity, but it can also reduce income inequality and even promote social fairness and justice (Stoica et al, 2020).…”

Section: The Relevance Of Female Entrepreneurshipmentioning

confidence: 99%

Public policy recommendations for promoting female entrepreneurship in Europe

et al. 2021

View full text Add to dashboard Cite

From 2021 onwards, female entrepreneurship is expected to grow very substantially as a result of the Covid-19 pandemic. The introduction of teleworking and staggered hours in many countries at national or workplace level will make possible the conciliation between labour and family life. The purpose of this paper is to identify the most influential explanatory factors in the behaviour of female entrepreneurship in Europe so as to subsequently propose efficient economic policy measures to promote it. The distinction between opportunity and necessity female entrepreneurs have been considered since both motivation and factors are different in each case. 15 econometric models using the panel data method for a sample of 20 previously selected European countries (grouped by their GDP level) during the period 2001 to 2018 have been estimated to determine which explanatory factors affect female entrepreneurship and necessity-based female entrepreneurship. The empirical analysis used demonstrates that more women enter into entrepreneurship due to necessity rather than in pursuit of opportunity for European countries both with higher levels of GDP and for countries with lower levels of GDP. In this context, the following policy measures should be implemented to promote female entrepreneurship in Europe: the optimization of government spending (training courses and mentoring, public procurement, stronger networks, support in reconciling business and family life, etc.), the government incentives for subsidizing high interest rates to support women in accessing financing, and the improvement of entrepreneurship education to increase the confidence of women in themselves in their own entrepreneurial capabilities.

show abstract

The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries

Cited by 181 publications

References 53 publications

COVID-19: a crisis of the female self-employed

COVID-19: a crisis of the female self-employed

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Public policy recommendations for promoting female entrepreneurship in Europe

Contact Info

Product

Resources

About