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Entrepreneurial diversity and economic growth

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  • André van Stel
  • Ingrid Verheul

Abstract

We investigate the impact of entrepreneurial diversity on national economic growth. More specifically, using data for 36 countries participating in the Global Entrepreneurship Monitor, we investigate whether the impact of entrepreneurial activity is different for different sociodemographic groups. Diversity is measured in terms of age, education and gender. We find that in less developed countries, older and higher educated entrepreneurs are particularly important for stimulating economic growth, while for highly developed countries the contribution of younger entrepreneurs is more important. We do not find evidence for a differential contribution of female and male entrepreneurs.

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Bibliographic Info

Paper provided by EIM Business and Policy Research in its series Scales Research Reports with number H200701.

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Length: 29 pages
Date of creation: 10 Jan 2007
Date of revision:
Handle: RePEc:eim:papers:h200701

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References

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  1. David Weinstein & Christian Broda, 2004. "Globalization and the Gains from Variety," 2004 Meeting Papers 530, Society for Economic Dynamics.
  2. Justin van der Sluis & Mirjam van Praag & Wim Vijverberg, 2005. "Entrepreneurship Selection and Performance: A Meta-Analysis of the Impact of Education in Developing Economies," World Bank Economic Review, World Bank Group, vol. 19(2), pages 225-261.
  3. Cohen, Wesley M & Malerba, Franco, 2001. "Is the Tendency to Variation a Chief Cause of Progress?," Industrial and Corporate Change, Oxford University Press, vol. 10(3), pages 587-608, September.
  4. Cressy, Robert, 1996. "Are Business Startups Debt-Rationed?," Economic Journal, Royal Economic Society, vol. 106(438), pages 1253-70, September.
  5. Parker, Simon C. & van Praag, C. Mirjam, 2006. "Schooling, Capital Constraints, and Entrepreneurial Performance: The Endogenous Triangle," Journal of Business & Economic Statistics, American Statistical Association, vol. 24, pages 416-431, October.
  6. Bates, Timothy, 1990. "Entrepreneur Human Capital Inputs and Small Business Longevity," The Review of Economics and Statistics, MIT Press, vol. 72(4), pages 551-59, November.
  7. Evans, David S & Leighton, Linda S, 1989. "Some Empirical Aspects of Entrepreneurship," American Economic Review, American Economic Association, vol. 79(3), pages 519-35, June.
  8. BodenJR., Richard J. & Nucci, Alfred R., 2000. "On the survival prospects of men's and women's new business ventures," Journal of Business Venturing, Elsevier, vol. 15(4), pages 347-362, July.
  9. Burke, Andrew E & FitzRoy, Felix R & Nolan, Michael A, 2000. " When Less Is More: Distinguishing between Entrepreneurial Choice and Performance," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(5), pages 565-87, December.
  10. Blanchflower, David G. & Oswald, Andrew & Stutzer, Alois, 2001. "Latent entrepreneurship across nations," European Economic Review, Elsevier, vol. 45(4-6), pages 680-691, May.
  11. Veronique A.J.M. Schutjens & Egbert Wever, 2000. "Determinants of new firm success," Papers in Regional Science, Springer, vol. 79(2), pages 135-153.
  12. Watson, John & Robinson, Sherry, 2003. "Adjusting for risk in comparing the performances of male- and female-controlled SMEs," Journal of Business Venturing, Elsevier, vol. 18(6), pages 773-788, November.
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Citations

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Cited by:
  1. Tatiana Tsyganova & Galina Shirokova, 2010. "Gender Differences In Entrepreneurship: Evidence From Gem Data," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 1(1).
  2. Massón Guerra, José Luis, 2007. "El capital empresarial como determinante de la productividad y el crecimiento en España
    [The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]
    ," MPRA Paper 4073, University Library of Munich, Germany.
  3. André van Stel & Sander Wennekers & Jolanda Hessels & Peter van der Zwan, 2012. "Global Entrepreneurship Monitor 2011 The Netherlands," Scales Research Reports A201211, EIM Business and Policy Research.
  4. Bögenhold, Dieter & Fachinger, Uwe, 2013. "Weibliche Solo-Selbstständigkeit zwischen Notwendigkeit und Innovationsherausforderung: Beobachtungen über Geschlecht und Unternehmertum in Deutschland
    [Female Solo-Self-Employment Between Necess
    ," MPRA Paper 51460, University Library of Munich, Germany.
  5. Bögenhold, Dieter & Heinonen, Jarna & Akola, Elisa, 2013. "Entrepreneurship and Independent Professionals: Why do Professionals not meet with Stereotypes of Entrepreneurship?," MPRA Paper 51529, University Library of Munich, Germany.
  6. Bögenhold, Dieter & Fachinger, Uwe, 2010. "How Diverse is Entrepreneurship? Observations on the social heterogeneity of self-employment in Germany," MPRA Paper 23271, University Library of Munich, Germany.
  7. André van Stel & Werner Liebregts & Nardo de Vries, 2013. "Explaining entrepreneurial performance of solo self-employed from a motivational perspective," Scales Research Reports H201308, EIM Business and Policy Research.
  8. Bögenhold, Dieter & Fachinger, Uwe, 2012. "Unternehmertum: Unterschiedliche Facetten selbstständiger Berufstätigkeit
    [Entrepreneurship: Diverse aspects of self-employment]
    ," MPRA Paper 51459, University Library of Munich, Germany.

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