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Entrepreneurship And Economic Growth In Spanish And Portuguese Regions

Author

Listed:
  • VAZQUEZ-ROZAS, Emilia
  • GOMES, Sofia
  • VIEIRA, Elvira

Abstract

This paper seeks to examine the relationship between entrepreneurship and economic growth at a regional level in Spanish and Portuguese NUTS II. Our panel model is based on the idea by Audrestsch et al (2006), Koo and Kim (2009), and other authors, about the importance of adding economically useful local knowledge variables to the classical model of economic growth, that only included labor and capital. Theses variables are: research and development, human capital, entrepreneurship and social capita. We built two different measurements for entrepreneurship : the ratio of companies created over the total in each region for the years of study, and a cross-section measurement that can be considered as an indicator of survival. These measurements do not offer similar results, which shows the importance of achieving a good measure of entrepreneurship, one ideally combining many different aspects. We find a positive effect of the entrepreneurship variable on GDP growth, in per capita terms and in absolute values

Suggested Citation

  • VAZQUEZ-ROZAS, Emilia & GOMES, Sofia & VIEIRA, Elvira, 2010. "Entrepreneurship And Economic Growth In Spanish And Portuguese Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    • Handle: RePEc:eaa:eerese:v:10:y2010:i:2_8
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    References listed on IDEAS

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    Cited by:

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    2. Feyza BALAN & Seda OZEKICIOGLU & Cuneyt KILIC, 2016. "Determining the causal relationships among entrepreneurship, educational attainment and per capita GDP in high-income OECD countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 243-256, Autumn.
    3. GUISAN, Maria-Carmen & CANCELO, Maria-Teresa, 2014. "Industry, Productivity And Development In 96 European Regions, 2005-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(1).
    4. Neira, Isabel & Portela, Marta & Cancelo, Maite Cancelo & Calvo, Nuria, 2013. "Social and human capital as determining factors of entrepreneurship in the Spanish Regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 115-139.
    5. 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.
    6. Feyza BALAN & Seda OZEKICIOGLU & Cuneyt KILIC, 2016. "Determining the causal relationships among entrepreneurship, educational attainment and per capita GDP in high-income OECD countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 243-256, Autumn.
    7. Chrysanthi Balomenou & Konstantinos kolovos, 2013. "Universities' funding in the the current global financial crisis: Threat or opportunity for the implementation of Triple Helix Theory?," ERSA conference papers ersa13p839, European Regional Science Association.
    8. Nurin Asyikin Ahmad & Mohamad Sattar Rasul & Norasmah Othman & Nur Atiqah Jalaludin, 2022. "Generating Entrepreneurial Ideas for Business Development," Sustainability, MDPI, vol. 14(9), pages 1-11, April.

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    More about this item

    Keywords

    Regional Growth; Entrepreunership; Spain; Portugal;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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