Types of Entrepreneurship and Economic Growth

Stam, Erik and van Stel, André (2009). Types of Entrepreneurship and Economic Growth. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Sub-type Working paper
    Author Stam, Erik
    van Stel, André
    Title Types of Entrepreneurship and Economic Growth
    Publication Date 2009
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 22
    Abstract In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that we compare the effects of entrepreneurial activity on economic growth in high income, transition and low income countries. This dataset also enables us to make a distinction between the effects of entrepreneurship in general and growth-oriented entrepreneurship in particular. We present empirical tests of the impact of entrepreneurial activity on GDP growth over a four year period for a sample of 36 countries. Our empirical analyses suggest that entrepreneurship does not have an effect on economic growth in low income countries, in contrast to transition and high income countries where especially growth-oriented entrepreneurship seems to contribute strongly to macroeconomic growth.
    UNU Topics of Focus Entrepreneurship
    Keyword Entrepreneurship
    Growth-oriented entrepreneurship
    Economic growth
    JEL L16
    L26
    M13
    O11
    O40
    O57
    Copyright Holder UNU-MERIT
    Copyright Year 2009
    Copyright type All rights reserved
    ISSN 18719872
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    Created: Wed, 11 Dec 2013, 17:23:42 JST