ENTREPRENEURSHIP AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS

Héctor Salgado Banda

91 citations0/0 files storedJournal of Developmental Entrepreneurship

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Entrepreneurship Studies and Influences Economic Growth and Productivity Firm Innovation and Growth

Abstract

This study examines the impact of entrepreneurship on economic growth by using a new variable based on patent data to proxy for productive entrepreneurship. Data on self-employment is used as an alternative proxy. The study considers 22 OECD countries and finds a positive relationship between the proposed measure of productive entrepreneurship — degree of innovativeness of different nations — and economic growth, while the alternative measure, based on self-employment, appears to be negatively correlated with economic growth. A battery of econometric specifications and techniques backs the findings.

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References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1990Institutions, Institutional Change and Economic Performance 1991Institutions, Institutional Change and Economic Performance 1998Initial conditions and moment restrictions in dynamic panel data models 2003The Theory of Economic Development 1995Another look at the instrumental variable estimation of error-components models 1998Law and Finance 1990Endogenous Technological Change

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