The role of entrepreneurship in stimulating economic growth in developed and developing countries

Abstract

This paper analyses whether different measure of entrepreneurship can explain economic growth. It utilises 14 difference indicators of entrepreneurship to analyse the contribution of entrepreneurial activity, aspirations, and attitudes to Gross Domestic Product (GDP) per capita. It also examines whether the importance of entrepreneurship varies across high-income and middle/low-income countries. An unbalanced panel of 55 countries over the time period 2004-2011 is used. Fourteen different indicators of entrepreneurship are utilised and are condensed into three components using principle components analysis. Regression analysis is then used to assess whether these three different components of entrepreneurship drive economic growth. The results indicate that entrepreneurial attitudes are found to stimulate GDP per capita in high-income countries while entrepreneurial activity is found to have a negative effect in middle/low-income economies.

Life Cycle Of Entrepreneurs: Regional Features

“…The article (Pilkova & Kovacicova, 2015) provides an analysis of the life cycles of entrepreneurship in Slovakia for the period from 2012 to 2014. The article (Doran, McCarthy, & O'Connor, 2018) considers entrepreneurial activity in different countries on the basis of regression modeling.…”

Emprendimiento empresarial y crecimiento económico en Perú

“…En el mismo sentido, Romer (1990) postula que el progreso tecnológico es generado fundamentalmente por el sector empresarial dedicado a la actividad de la investigación y desarrollo. Por ello, con base en estas posturas, de forma similar que Doran, McCarthy y O´Connor (2018), se asume formalmente que la determinación del nivel tecnológico depende de la cantidad de empresarios emprendedores (E) y de otros factores (φ):…”

A Review on Measuring Entrepreneurs' Social Behaviour via Spatial Analysis Techniques

“…The use of new machine technology for production of products in bulk can lead to reduction of time and size of human workforce needed, while community can utilize high quality product at lower price. Lastly, entrepreneur play an important role in fulfilling the requirement and demand of community; without entrepreneur, the country will solely depend on imported products, which will lead to decrease of Gross Domestic Product (GDP) per capita (Doran et al, 2018;SME Corp 2010). Due to this reason, entrepreneurship has become dynamic and has gained recognition in academic studies (Hachana et al, 2018).…”