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Types of Entrepreneurship and Economic Growth

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  • Erik Stam
  • André van Stel

Abstract

In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that we compare the effects of entrepreneurial activity on economic growth in high income, transition and low income countries. This dataset also enables us to make a distinction between the effects of entrepreneurship in general and growth-oriented entrepreneurship in particular.

Suggested Citation

  • Erik Stam & André van Stel, 2009. "Types of Entrepreneurship and Economic Growth," WIDER Working Paper Series RP2009-47, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-47
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    Cited by:

    1. Barja Daza, Gover, 2020. "An experiment in knowledge co-creation on the subsistence entrepreneurial ecosystem of metropolitan La Paz, Bolivia," MPRA Paper 103814, University Library of Munich, Germany, revised Aug 2020.
    2. Luong Vinh Quoc Duy & Damien Cassells, 2022. "Agglomeration and innovation effort: A longitudinal study on small and medium manufacturing enterprises in Vietnam," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1252-1268, August.
    3. Ovidiu Stoica & Angela Roman & Valentina Diana Rusu, 2020. "The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
    4. John Bosco Nnyanzi & Bruno L. Yawe & John Ddumba-Ssentamu, 2019. "Entrepreneurship and Economic Performance in Africa: A Sectoral Analysis with Focus on the Role of Finance, Institutions and Globalization," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(1), pages 37-55, January.
    5. Jolanda Hessels, 2008. "International Entrepreneurship: An Introduction, Framework and Research Agenda," Scales Research Reports H200823, EIM Business and Policy Research.
    6. Charles Mwatsika, 2021. "Reflecting on perceived failure of entrepreneurship development initiatives to help ignite economic development in Malawi," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-24, December.
    7. Hyytinen, Ari & Rouvinen, Petri, 2008. "The labour market consequences of self-employment spells: European evidence," Labour Economics, Elsevier, vol. 15(2), pages 246-271, April.
    8. Jolanda Hessels & André Stel, 2011. "Entrepreneurship, export orientation, and economic growth," Small Business Economics, Springer, vol. 37(2), pages 255-268, September.
    9. Longpeng Zhang & Wei Jiang & Zhiwei Tang, 2019. "Study on the promotion effect of informationization on entrepreneurship: an empirical evidence from China," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-22, December.
    10. Mohammad ALAWIN & Alia ABU-AISHEH, 2020. "Number Of Establishments And Economic Growth: Case Of Kuwait, 2001-2014," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 145-160.
    11. André van Stel & J. Cieslik Cieslik, 2014. "Trends in Business Ownership in Central and East European Transition Economies," Scales Research Reports H201202, EIM Business and Policy Research.
    12. Okamuro, Hiroyuki & 岡室, 博之 & オカムロ, ヒロアキ & Kato, Masatoshi & 加藤, 雅俊 & カトウ, マサトシ & Honjo, Yuji & 本庄, 裕司 & ホンジョウ, ユウジ, 2009. "Determinants of R&D cooperation in Japanese high-tech start-ups," CEI Working Paper Series 2009-07, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    13. Leitão, João & Ferreira, João, 2007. "Liberalization of European Telecommunications and Entrepreneurship: Why German and Portuguese Experiences are so Equal and so Different?," MPRA Paper 5728, University Library of Munich, Germany.
    14. Michael Sheriff & Moreno Muffatto, 2014. "Reviewing Existing Policies For Unleashing And Fostering Entrepreneurship In Selected African Countries," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 19(03), pages 1-36.
    15. Krzysztof Wach & Agnieszka Głodowska & Marek Maciejewski, 2018. "Entrepreneurial Orientation, Knowledge Utilization and Internationalization of Firms," Sustainability, MDPI, vol. 10(12), pages 1-23, December.
    16. José L. González-Pernía & Iñaki Peña-Legazkue, 2011. "The impact of export-oriented entrepreneurship on regional economic growth," ERSA conference papers ersa11p1526, European Regional Science Association.
    17. Harmina Anita, 2016. "The role of entrepreneurship in explaining the real Gross Domestic Product per capita: Regression model selection," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 2(1), pages 24-38, September.

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    More about this item

    Keywords

    Economic development; Entrepreneurship; Industrial organization (Economic theory);
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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