Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45113
Authors: 
Stam, Erik
van Stel, André J.
Year of Publication: 
2009
Series/Report no.: 
Research paper / UNU-WIDER 2009.47
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.
Subjects: 
entrepreneurship
growth-oriented entrepreneurship
economic growth
JEL: 
L16
L26
M13
O11
O40
O57
ISBN: 
978-92-9230-226-9
Document Type: 
Working Paper

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