Purpose - Since the
last decade of the 20th Century, the relation between entrepreneurship and
economic performance have been discussed and empirically examined by various
studies. Although the importance of the impact of entrepreneurship on economic
performance have been studied empirically exclusively at the firm and industry
level, country level contributions are rather short. Taking this deficiency
into account, the aim of this study is to examine investigate the impact of
entrepreneurial activities on economic growth at country level.
Methodology
- The empirical analysis of the study is modelled by consolidating
entrepreneurship as an intermediate variable to the CobbDouglas growth model
beside the basic variables of labour, gross capital formation, and gross domestic
product per capita. The data of 35 countries covering 2006-2015 period is used
in the study and the data is collected from OECD and Global Entrepreneurship
Research Association databases.
Findings - The results
of the study produce that although the changes in the entrepreneurial variables
don't effect economic growth immediately, they present a significant and
positive effect in the long run.
Conclusion -
As the effect of
entrepreneurial activities on economic growth come out in the long run, policies
for entrepreneurship should be planned on a long-term basis.
Entrepreneurship GEM data economic growth Schumpeterian growth economy wide country studies
Bölüm | Articles |
---|---|
Yazarlar | |
Yayımlanma Tarihi | 30 Eylül 2017 |
Yayımlandığı Sayı | Yıl 2017 Cilt: 4 Sayı: 3 |
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