This paper provides a link between the degree of entrepreneurial activity in a country and the growth performance. While a recent wave of empirical evidence suggests that the extent to which countries have shifted towards an increased role of entrepreneurship varies considerably across countries, virtually nothing is known about the consequences of lagging behind in this process. Do countries that have shifted towards a greater role for entrepreneurship enjoy greater growth? This question is crucial to policy makers, because if the opportunity cost, measured in terms of forgone growth, of a slow adjustment towards a greater role for entrepreneurship is relatively low, the consequences of not engaging in a rapid adjustment process are relatively trivial. However, if the opportunity cost is high, the consequences are more alarming. This paper offers two distinct approaches, based on two different measures of entrepreneurship – the relative share of economic activity accounted for by ...
Liens entre entreprenariat et croissance
Ce rapport se penche sur les liens qui unissent le degré d’entreprenariat d’un pays et le dynamisme de sa croissance. Si une récente déferlante de données empiriques semble indiquer que la mesure dans laquelle les pays développent l’entreprenariat varie sensiblement d’un pays à l’autre, on ne sait pratiquement rien des conséquences qui peuvent découler d’un retard en la matière. Les pays où l’entreprenariat a gagné en importance bénéficient-ils d’une croissance plus forte ? Cette question est vitale pour les décideurs car si le coût d’opportunité, mesuré en termes de moindre croissance, d’une adaptation lente au développement de l’entreprenariat est relativement faible, les conséquences d’une non participation à un processus d’adaptation rapide sont relativement insignifiantes. En revanche, si le coût d’opportunité est élevé, les conséquences sont plus inquiétantes. Ce rapport propose deux méthodes distinctes, fondées sur deux mesures différentes de l’entreprenariat – la part ...
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