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

Author

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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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    3. Aurora Ac Teixeira & Rayanne Vasque, 2020. "Entrepreneurship And Happiness: Does National Culture Matter?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 25(01), pages 1-23, March.
    4. Khan, Yasir & Liu, Fang & Hassan, Taimoor, 2023. "Natural resources and sustainable development: Evaluating the role of remittances and energy resources efficiency," Resources Policy, Elsevier, vol. 80(C).
    5. Jing Shao & Maojun Wang, 2022. "Revisiting economic effectiveness of foreign aid: The case of Japanese aid to China," The World Economy, Wiley Blackwell, vol. 45(7), pages 2284-2304, July.
    6. Sean Kruger & Adriana Aletta Steyn, 2020. "Enhancing technology transfer through entrepreneurial development: practices from innovation spaces," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1655-1689, December.
    7. Ying Song & Lu Yang & Stavros Sindakis & Sakshi Aggarwal & Charles Chen, 2023. "Analyzing the Role of High-Tech Industrial Agglomeration in Green Transformation and Upgrading of Manufacturing Industry: the Case of China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 3847-3877, December.
    8. Ioannis Sitaridis & Fotis Kitsios, 2019. "Entrepreneurship as a Career Option for Information Technology Students: Critical Barriers and the Role of Motivation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 1133-1167, September.
    9. Bakari, Sayef, 2022. "The Impact of Natural resources, CO2 Emission, Energy use, Domestic Investment, Innovation, Trade and Digitalization on Economic growth: Evidence from 52 African Countries," MPRA Paper 114323, University Library of Munich, Germany.
    10. Kamran Hameed & Khuram Shahzad & Naveed Yazdani, 2023. "Global Incidences of Inclusive Entrepreneurial Ecosystem: Conceptualization and Measurement Framework," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 5033-5064, December.
    11. Yury Dranev & Alisa Izosimova & Dirk Meissner, 2020. "Organizational Ambidexterity and Performance: Assessment Approaches and Empirical Evidence," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(2), pages 676-691, June.
    12. Tao Wang & Shuhong Wang & Wei Ding & Huiwen Guo, 2023. "Can Technological Innovation and Financial Agglomeration Promote the Growth of Real Economy? Evidence from China," Sustainability, MDPI, vol. 15(22), pages 1-17, November.
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    More about this item

    Keywords

    Entrepreneurship; Technological innovation; Economic growth; Panel data;
    All these keywords.

    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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