IDEAS home Printed from https://ideas.repec.org/a/taf/entreg/v29y2017i1-2p27-50.html

Effects of Schumpeterian and Kirznerian entrepreneurship on economic growth: panel data evidence

Author

Listed:
  • João J. Ferreira
  • Alain Fayolle
  • Cristina Fernandes
  • Mário Raposo

Abstract

The relevant literature recognises Schumpeterian and Kirznerian entrepreneurship as mechanisms that can impact economic growth. This article seeks to explore the effects of these two types of entrepreneurship on economic growth across the three GEM (Global Entrepreneurship Monitor) economic ecosystems (factor-driven economy, efficiency-driven economy, innovation-driven economy). Using different databases, we applied unbalanced panel data for 43 countries (2009–2013). By estimating the econometric models, we were able to calculate the effects of these two types of entrepreneurship on economic growth in the three different types of economy. In terms of the overall model for GEM economies, neither Schumpeterian nor Kirznerian entrepreneurship return any statistically significant effects on the Global Competitiveness Index or on GDP growth. However, the Total Early-Stage Entrepreneurial Activity variable generates a positive effect on the Global Competitiveness Index. The results presented in this paper provide insights into entrepreneurship and the GEM entrepreneurial economic ecosystems.

Suggested Citation

  • João J. Ferreira & Alain Fayolle & Cristina Fernandes & Mário Raposo, 2017. "Effects of Schumpeterian and Kirznerian entrepreneurship on economic growth: panel data evidence," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 29(1-2), pages 27-50, January.
    • Handle: RePEc:taf:entreg:v:29:y:2017:i:1-2:p:27-50
    DOI: 10.1080/08985626.2016.1255431
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08985626.2016.1255431
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08985626.2016.1255431?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Acs, Zoltán J & Audretsch, David B & Evans, David S, 1994. "Why Does the Self-Employment Rate Vary Across Countries and Over Time?," CEPR Discussion Papers 871, Centre for Economic Policy Research.
    2. Nadim Ahmad & Richard G. Seymour, 2008. "Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection," OECD Statistics Working Papers 2008/1, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jagannadha Pawan Tamvada, 2015. "The Spatial Distribution of Self-Employment in India: Evidence from Semiparametric Geoadditive Models," Regional Studies, Taylor & Francis Journals, vol. 49(2), pages 300-322, February.
    2. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
    3. Rodrigues Brás Gonçalo & Soukiazis Elias, 2019. "The Determinants of Entrepreneurship at the Country Level: A Panel Data Approach," Entrepreneurship Research Journal, De Gruyter, vol. 9(4), pages 1-17, October.
    4. Raquel Fonseca & Simon Lord, 2015. "Les déterminants du travail autonome au Québec et au Canada (1993-201," Cahiers de recherche 1517, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    5. Maria I. Marshall & Ananya Samal, 2006. "The Effect Of Human And Financial Capital On The Entrepreneurial Process: An Urban-Rural Comparison Of Entrepreneurs In Indiana," Working Papers 06-13, Purdue University, College of Agriculture, Department of Agricultural Economics.
    6. Doaa M. Salman, 2015. "Determinants of Entrepreneurs' Activities: New Evidence from Cross-Country Data," World Scientific Book Chapters, in: Khee Giap Tan & Kong Yam Tan (ed.), Foreign Direct Investment and Small and Medium Enterprises Productivity and Access to Finance, chapter 8, pages 145-160, World Scientific Publishing Co. Pte. Ltd..
    7. Szaban Jolanta & Skrzek-Lubasińska Małgorzata, 2018. "Self-Employment and Entrepreneurship: A Theoretical Approach," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(2), pages 89-120, June.
    8. Zsófia L. Bárány, 2017. "Taxation and self-employment," LIS Working papers 723, LIS Cross-National Data Center in Luxembourg.
    9. Supriyo Das & Amit Kundu, 2019. "Benchmarking a country for efficiency improvement: a DEA-based approach," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-17, December.
    10. Begoña Cueto & Matías Mayor & Patricia Suárez, 2021. "Spatial dependence in self-employment in Spain," Revista de Economía Laboral - Spanish Journal of Labour Economics, Asociación Española de Economía Laboral - AEET, vol. 18, pages 30-51.
    11. Raquel Fonseca & Simon Lord, 2016. "Les déterminants du travail autonome au Québec et au Canada (1993-2010)," L'Actualité Economique, Société Canadienne de Science Economique, vol. 92(3), pages 489-513.
    12. 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.
    13. Zoltan J. Acs & José Ernesto Amorós, 2008. "Introduction: The startup process," Estudios de Economia, University of Chile, Department of Economics, vol. 35(2 Year 20), pages 121-132, December.
    14. Daniyar T. Baitenizov & Igor N. Dubina & David F. J. Campbell & Elias G. Carayannis & Tolkyn A. Azatbek, 2019. "Freelance as a Creative Mode of Self-employment in a New Economy (a Literature Review)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 1-17, March.
    15. repec:ers:journl:v:xxiv:y:2021:i:4:p:351-369 is not listed on IDEAS
    16. Katharina Pijnenburg, 2013. "Self-Employment and Economic Performance: A Geographically Weighted Regression Approach for European Regions," Discussion Papers of DIW Berlin 1272, DIW Berlin, German Institute for Economic Research.
    17. Marchetta, Francesca, 2012. "Return Migration and the Survival of Entrepreneurial Activities in Egypt," World Development, Elsevier, vol. 40(10), pages 1999-2013.
    18. repec:spo:wpecon:info:hdl:2441/2hpm2pgsb78r2a2lh6ahev49mj is not listed on IDEAS
    19. Serpil Dom Tomak, 2018. "An Analysis of the Macroeconomic Determinants of Entrepreneurial Activity in Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 128-136.
    20. Mengdie Ruan & Angathevar Baskaran & Shanshan Zhou, 2022. "Mainland Chinese Immigrant-owned SMEs in Malaysia: Case Studies," Millennial Asia, , vol. 13(1), pages 5-34, April.
    21. Tolulope Kehinde, Kayode-Adedeji & Agwu, Dr. Edwin M., 2015. "Application of ICT to Agriculture as a Panacea to Unemployment in Nigeria," MPRA Paper 61394, University Library of Munich, Germany.
    22. Tomasz Pilewicz & Anna Mempel Sniezyk & Niki Derlukiewicz & Malgorzata Godlewska, 2021. "Attributes of Local Government Managers – What Matters in Local Entrepreneurship Context?," European Research Studies Journal, European Research Studies Journal, vol. 0(4 - Part ), pages 351-369.

    More about this item

    Statistics

    Access and download statistics

    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:taf:entreg:v:29:y:2017:i:1-2:p:27-50. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TEPN20 .

    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.