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Effects of Entrepreneurship on Economic Growth in Turkey: An Empirical Analysis

Author

Listed:
  • Mustafa Gerçeker

    (Selçuk University)

  • Bilal Özel

    (Selcuk University)

  • Ahmet Ay

    (Selcuk University)

Abstract

The entrepreneurship seems to be an important source for economic growth. For this reason, the emphasis on entrepreneurship with the importance for economic growth is increasing day by day. This study investigates the existence of the relationship between entrepreneurship and economic growth by using control variables including employment and savings. For this purpose, possible relations were tried to be determined by using bound test and ARDL method for the period 1988-2012 with annually data. The results of bound test, shows that there is a long-run relationship between economic growth and entrepreneurship. Afterward long-run coefficients and equations were estimated. The results of long run coefficients shows that there is a positive and significant relationship between economic growth and entrepreneurship.

Suggested Citation

  • Mustafa Gerçeker & Bilal Özel & Ahmet Ay, 2014. "Effects of Entrepreneurship on Economic Growth in Turkey: An Empirical Analysis," Proceedings of International Academic Conferences 0702291, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:0702291
    as

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    References listed on IDEAS

    as
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    6. Li, Hongbin & Yang, Zheyu & Yao, Xianguo & Zhang, Haifeng & Zhang, Junsen, 2012. "Entrepreneurship, private economy and growth: Evidence from China," China Economic Review, Elsevier, vol. 23(4), pages 948-961.
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    Keywords

    entrepreneurship; economic growth; ARDL method;
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