Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45126
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dc.contributor.authorNaudé, Wimen_US
dc.date.accessioned2010-02-17en_US
dc.date.accessioned2011-04-26T07:41:20Z-
dc.date.available2011-04-26T07:41:20Z-
dc.date.issued2009en_US
dc.identifier.isbn978-92-9230-168-2en_US
dc.identifier.urihttp://hdl.handle.net/10419/45126-
dc.description.abstractImproved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance leads to higher economic growth. This implies that better governance and lower start-up costs, widely advocated as measures to promote entrepreneurship in developing countries, may not in fact be enough. Indeed, despite poorer governance and higher start-up costs, rates of opportunity-motivated entrepreneurship are higher in developing countries. Second, better governance can lead to better growth through reducing the impact of destructive entrepreneurship (including rent-seeking), even though this may not result in a reallocation of effort from destructive towards opportunity-motivated entrepreneurship. The paper concludes by discussing whether these results call in question the popular belief that a lack of opportunity-motivated entrepreneurship constrains developing country growth, and whether there is justification for more proactive government support for entrepreneurship.en_US
dc.language.isoengen_US
dc.publisher|aUNU-WIDER |cHelsinkien_US
dc.relation.ispartofseries|aResearch paper / UNU-WIDER |x2009.01en_US
dc.subject.jelM13en_US
dc.subject.jelL26en_US
dc.subject.jelO10en_US
dc.subject.jelO14en_US
dc.subject.ddc330en_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keyworddevelopmenten_US
dc.subject.keywordinstitutionsen_US
dc.subject.stwEntrepreneurship-Ansatzen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwWelten_US
dc.titleOut with the sleaze, in with the ease: Insufficient for entrepreneurial development?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn589773720en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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