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Do Specific Growth Drivers Exist for Firms? A Regional Analysis of Start-ups and Industrial Growth

Author

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  • PAUL I. OJEAGA

    (Department of Entrepreneurial Studies, Federal University of Agriculture Abeokuta, NIGERIA)

Abstract

The study of start-ups, have remained largely a micro economic issue. Firms are the key drivers of industrial sector GDP (or enterprise growth) in countries across regions. Few studies have tried to examine the consequence of start-ups in the broad macroeconomics terms on enterprise growth in general with special emphasis on industrial sector output. This study provides a macroeconomic study of the effect of start- ups on industrial sector growth for countries in some specific geographical regions of the world. Panel data is utilized due to it obvious advantages such its ability to utilize a panel of short time frames and its suitability for controlling for omitted variable bias and unobservable heterogeneity across regions. The results show that start-ups remain an intrinsic variable for enterprise growth and industrial sector output discussion in general.

Suggested Citation

  • Paul I. Ojeaga, 2016. "Do Specific Growth Drivers Exist for Firms? A Regional Analysis of Start-ups and Industrial Growth," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 4(1), pages 117-129, May.
    • Handle: RePEc:ntu:ntugeo:vol4-iss1-16-117
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    References listed on IDEAS

    as
    1. Ojeaga, Paul, 2012. "Foreign Aid and African Exporters: Help or Harm?," MPRA Paper 55564, University Library of Munich, Germany.
    2. James J Gross, 2013. "Research and Documents," Springer Books, in: It'S Splitsville, chapter 0, pages 27-34, Springer.
    3. Ojeaga, Paul & Ojeaga, Daniel & Odejimi, Deborah O., 2013. "The Impact of Interest Rate on Bank Deposits Evidence from the Nigerian Banking Sector," MPRA Paper 53238, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Political Economy; Quantitative Economics; Start-Ups; Entrepreneurship; Industrial Economics.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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