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Export-Driven New Ventures and Economic Growth

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Author Info
Hessels, Jolanda
Stel, André van

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Abstract

In this paper the relationship between a country's prevalence of new ventures and its rate of economic growth is investigated, while distinguishing between export-oriented new ventures and domestic new ventures. It is generally acknowledged that new venture creation as well as export activity may both be important strategies for achieving national economic growth. However, to our knowledge no attempt has been made to empirically investigate the role of export-driven new ventures in economic growth. We focus on the national level and use data for a sample of 36 countries that participated in the Global Entrepreneurship Monitor in 2002. Our results suggest that a country's prevalence of export-driven new ventures is significantly positively related to economic growth, whereas the prevalence of new ventures that focus exclusively on domestic market sales shows no significant relation to national growth.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/17137/1/WP2008-23a.pdf
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Publisher Info
Paper provided by Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University in its series CEI Working Paper Series with number 2008-23.

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Length: 25 p.
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:hit:hitcei:2008-23

Note: Save date: 3/18/2009 9:18 AM
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Related research
Keywords: entrepreneurship; export; international new ventures; economic growth; Global Entrepreneurship Monitor;

Find related papers by JEL classification:
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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This page was last updated on 2009-11-11.

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