Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25593
Authors: 
Stam, Erik
Suddle, Kashifa
Hessels, S. Jolanda A.
van Stel, André J.
Year of Publication: 
2007
Series/Report no.: 
Jena economic research papers 2007,019
Abstract: 
This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs affect GDP growth for a sample of 36 countries. Our results suggest that ambitious entrepreneurship contributes more strongly to macro-economic growth than entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. These results are interpreted in light of the ongoing debate about public policies designed to stimulate high growth start-ups.
Subjects: 
entrepreneurial activity
high growth entrepreneurs
growth ambitions
high growth start-ups
public policy ,economic growth
JEL: 
L16
L21
M13
O11
O40
O57
Document Type: 
Working Paper

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