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Entrepreneurship, Technological Innovation, and Economic Growth: Empirical Analysis of Panel Data

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  • Chiraz Feki

    (Department of Economics, Faculty of Economics and Management of Sfax)

  • Sirine Mnif

    (Department of Economics, Faculty of Economics and Management of Sfax)

Abstract

This article aims to develop elements of answers to the effect of adequate entrepreneurial activity that would have effects on economic growth. This work analyzes the relationship between entrepreneurship and economic growth for a panel of developing countries over the 2004–2011 periods. In this study, we used two measures of entrepreneurship: the new density and the potential of innovation. We estimated a growth function using the method of static and dynamic panel data. Our results show that the new density and growth are significantly and positively correlated. Our results also show that if the short-term impact of technological innovation on growth is negative, this effect is positive in the long term. This result confirms the theoretical predictions, namely the theory of spillage.

Suggested Citation

  • Chiraz Feki & Sirine Mnif, 2016. "Entrepreneurship, Technological Innovation, and Economic Growth: Empirical Analysis of Panel Data," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 984-999, December.
    • Handle: RePEc:spr:jknowl:v:7:y:2016:i:4:d:10.1007_s13132-016-0413-5
    DOI: 10.1007/s13132-016-0413-5
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    Keywords

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    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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