Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/106598 
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers No. 8652
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper introduces a new concept in addition to the traditional measures of stocks of capital, labor, human capital and knowledge, to understand the Solow Residual: National Entrepreneurial Ecosystem (NEE). The NEE construct is based on a methodology that combines institutions and human agency into an interdependent system, applying the configuration theory. We argue that NEE affects the efficiency by which inputs are turned into outputs shifting the production function. We use data from a representative global survey and institutional sources to test the model for a cross section of 62 counties over the period 2006-2010 to test this proposition.
Subjects: 
growth
entrepreneurship
ecosystem
Solow residual
GEM
JEL: 
L26
J24
P3
O33
Document Type: 
Working Paper

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