IDEAS home Printed from https://ideas.repec.org/a/ids/wremsd/v20y2024i2p272-289.html
   My bibliography  Save this article

Exploring the relationship between entrepreneurship and economic growth in selected countries

Author

Listed:
  • Olesia V. Bubnovskaia
  • Dang Thien Tam
  • Elena B. Gafforova
  • Aidin Salamzadeh

Abstract

Developed entrepreneurial activity is often not directly related to the development of the economy. Therefore, the question of the role of entrepreneurship in the economy remains important. This study aims to assess and understand the interrelationship among conditions for the development of entrepreneurship and economic indicators in selected countries with different types of orientation of their economies: efficiency-oriented and innovation-oriented economies. Data include indicators of international entrepreneurial and economy indexes with a common sample of 18 countries from 2011 to 2020. The results confirmed previous studies that entrepreneurship has no direct effects on economic development. However, the study showed that the conditions of entrepreneurship in the country are strongly associated with economic growth in both groups of countries. Generally, early entrepreneurship is more important for efficiency-oriented countries than for innovative ones, whereas the conditions of entrepreneurship are better in innovation-oriented countries.

Suggested Citation

  • Olesia V. Bubnovskaia & Dang Thien Tam & Elena B. Gafforova & Aidin Salamzadeh, 2024. "Exploring the relationship between entrepreneurship and economic growth in selected countries," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 20(2), pages 272-289.
    • Handle: RePEc:ids:wremsd:v:20:y:2024:i:2:p:272-289
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=137124
    Download Restriction: Open Access
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:wremsd:v:20:y:2024:i:2:p:272-289. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=173 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.