Total factor productivity and the role of entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy

doi:10.1007/s10961-016-9504-5

Cited by 100 publications

(74 citation statements)

References 111 publications

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“…If we have difficulty defining entrepreneurship as an individual or firmlevel phenomenon, what hope do we have of deciding what 'entrepreneurship' means as a county-level phenomenon?" Researchers at the country-level use measures of self-employment, new firm startups or the Global Entrepreneurship Monitor defined Total Entrepreneurship Activity (TEA) rate (Carree and Thurik 2003;Erken et al 2016). In contrast, we propose that country-level entrepreneurship should be treated as a systemic phenomenon similar to the way the literature on National Systems of Innovation (NSI) treats country-level innovation, institutions and policies.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

et al. 2018

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We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a "missing link" in an aggregate production function analysis of crosscountry differences in economic growth. To do this, we build on the concept of National Systems of Entrepreneurship (NSE) as resource allocation systems that combine institutions and human agency into an interdependent system of complementarities. We explore the empirical relevance of these ideas using data from a representative global survey and institutional sources for 46 countries over the period 2002-2011. We find support for the role of the entrepreneurial ecosystem in economic growth.

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Section: Introductionmentioning

confidence: 99%

Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

et al. 2018

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“…The popularity of the concept originates from economics where entrepreneurship is accepted as one key process to economic growth and development and the entrepreneur as the economic agent in that process (Cantillon, 1775;Say, 1816;Schumpeter, 1934). Nitu-Antonie et al (2017), Lee and Xin (2015), Chen, (2014), Erken et al (2014), Salman and Badr (2011), Vazquez et al (2010) and Audrestch (2007) are among those who found that entrepreneurship is an important factor for economic growth, while Kardos (2012), Stefanescu and On (2012) and Talmaciu (2012) found correlations between entrepreneurship activities and economic development. Decker et al (2014), Haltiwanger et al (2013) and Audretsch and Fritsch (2003) are among the various researchers who found that entrepreneurship creates jobs in an economy.…”

Section: The Concept Of Entrepreneurshipmentioning

confidence: 99%

Untangling the concept of entrepreneurship towards a common perspective

Mwatsika¹,

Kambewa²,

Chiwaula³

2018

Afr. J. Bus. Manage.

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There continues to be a lack of a commonly agreed perspective of entrepreneurship despite the concept being studied for a long period of time. Definitions of the concept and constructs of study in the field have depended on the researcher's conceptualisation of what constitutes entrepreneurship and as a result there are variations in the study focus and measurement of entrepreneurship. An analysis of literature was therefore conducted to untangle the concept of entrepreneurship towards a common perspective despite similar failed attempts by scholars in the past. The analysis showed that researchers and theorists trace entrepreneurship through the same early theorists that include Cantillon, Say, Marshall, Walker, von Thunen, Menger, von Mises, Schumpeter, Knight, Kirzner, Shane and Venkataraman etc. That means the background to the concept is the same but with varying interpretations. The underlying perspective however is that entrepreneurship is a human behaviour with identifiable driving motives and it requires definitive competencies; skills, knowledge and abilities. The behaviour is purposively exerted, involves various activities and judgmental decisions that are undertaken through a process of identifying, evaluating and exploiting opportunities to create socioeconomic value under conditions of uncertainty. Although the socioeconomic value manifests in new products or services, new sources of supplies, new methods of production, new markets and/or new organisations, it is the new organisation that is commonly recognised as the output of the entrepreneurship process. This perspective narrows and limits the understanding of the concept of entrepreneurship to new and small business ventures with implications on measurement of entrepreneurship. Our analysis shows that all variations of entrepreneurship such as sole entrepreneurship, corporate entrepreneurship, necessity motivated entrepreneurship, opportunity motivated entrepreneurship and social entrepreneurship etc are connected within the broader view of the same concept, thereby presenting a common perspective of entrepreneurship.

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“…However, exploiting business opportunities does not always increase overall productivity (Baumol, 1990). One study suggests that the productivity effect of business ownership is positive (Erken, Donselaar and Thurik, 2016). However, another study finds the economic growth effects (and hence most likely the productivity effects) to be negative in developing countries.…”

Section: Immigration and Entrepreneurshipmentioning

confidence: 99%

Immigrants' contribution to value added is often similar to their employment share: Immigrants estimated share of value added and of the employed

2018

How Immigrants Contribute to Developing Countries' Economies

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Total factor productivity and the role of entrepreneurship

Cited by 100 publications

References 111 publications

Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

Untangling the concept of entrepreneurship towards a common perspective

Immigrants' contribution to value added is often similar to their employment share: Immigrants estimated share of value added and of the employed

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