IDEAS home Printed from https://ideas.repec.org/p/eim/papers/h200911.html
   My bibliography  Save this paper

Ambitious entrepreneurship, high-growth firms and macroeconomic growth

Author

Listed:
  • André van Stel
  • Roy Thurik
  • F. Stam
  • Chantal Hartog

Abstract

We examine the impact of ambitious entrepreneurship (entrepreneurs expecting to grow their firm) and high-growth firms (firms that have actually realized high growth rates) on subsequent macroeconomic growth in a sample of high and low-income countries, in the period 2002-2005. Our empirical evidence shows that once we control for the share of ambitious entrepreneurs the overall positive effect of entrepreneurship on macroeconomic growth disappears. Growthoriented entrepreneurship seems to contribute heavily to macroeconomic growth in both low- and high-income countries. In low-income countries, the overall positive effect of entrepreneurship on macroeconomic growth does not disappear after introducing the share of ambitious entrepreneurs into the statistical model. In contrast to ambitious entrepreneurship in nascent and young businesses, established high-growth firms do not seem to contribute to macroeconomic growth.These established high-growth firms seem to flourish in countries with high levels of entrepreneurship in general, while there appears to be no connection between the rate of high-growth firms and the share of ambitious entrepreneurs.

Suggested Citation

  • André van Stel & Roy Thurik & F. Stam & Chantal Hartog, 2010. "Ambitious entrepreneurship, high-growth firms and macroeconomic growth," Scales Research Reports H200911, EIM Business and Policy Research.
  • Handle: RePEc:eim:papers:h200911
    as

    Download full text from publisher

    File URL: http://www.entrepreneurship-sme.eu/pdf-ez/H200911.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Prieger, James E. & Bampoky, Catherine & Blanco, Luisa R. & Liu, Aolong, 2016. "Economic Growth and the Optimal Level of Entrepreneurship," World Development, Elsevier, vol. 82(C), pages 95-109.
    2. Daunfeldt, Sven-Olov & Elert, Niklas & Johansson, Dan, 2010. "The Economic Contribution of High-Growth Firms: Do Definitions Matter?," Ratio Working Papers 151, The Ratio Institute.
    3. Julie Hermans & Marcus Dejardin & Johanna Vanderstraeten & Dendi Ramdani & Erik Stam & Arjen van Witteloostuijn, 2012. "Ambitious entrepreneurship: antecedents and consequences," Working Papers 1210, University of Namur, Department of Economics.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:eim:papers:h200911. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Webmaster EIM). General contact details of provider: http://edirc.repec.org/data/eimbpnl.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.