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Entrepreneurship And Economic Growth: An Empirical Analysis

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  • HÉCTOR SALGADO-BANDA

    ()
    (Dirección General de Investigación Económica, Banco de México, 5 de Mayo # 18, 4to. Piso, Col. Centro México DF, CP 06059, Mexico)

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    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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    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Developmental Entrepreneurship.

    Volume (Year): 12 (2007)
    Issue (Month): 01 ()
    Pages: 3-29

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    Handle: RePEc:wsi:jdexxx:v:12:y:2007:i:01:p:3-29

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    Related research

    Keywords: Econometric analysis; economic growth; entrepreneurship; patents; self-employment;

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    Cited by:
    1. Naude, Wim, 2009. "Out with the sleaze, in with the ease: Insufficient for entrepreneurial development?," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).

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