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Relating entrepreneurship to economic growth

Author

Listed:
  • Karlsson, Charlie

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Friis, Christian

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Paulsson, Thomas

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

Abstract

The entrepreneur is an elusive character in economic theory due to the difficulty of providing an accurate description. It appears impossible to produce a single definition of entrepreneurship and most theoretical approaches yield operational difficulties. By the same token, most operational definitions are incomplete and cover only single parts of the concept. Numerous empirical studies have examined the effects of entrepreneurship, but few studies have been undertaken in order to summarise the empirical evidence and synthesize the theoretical framework and the empirical results. The objective of this paper is to provide a critical overview of recent empirical research on the relationship between entrepreneurship and economic growth.

Suggested Citation

  • Karlsson, Charlie & Friis, Christian & Paulsson, Thomas, 2004. "Relating entrepreneurship to economic growth," Working Paper Series in Economics and Institutions of Innovation 13, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  • Handle: RePEc:hhs:cesisp:0013
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    Cited by:

    1. Mohammad Ali Al Qudah, 2018. "The Impact of Entrepreneurship Initiatives in Enhancing Creativity and Innovation," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(7), pages 157-157, June.
    2. Andrzej P. Dabkowski, 2011. "Entrepreneurship and Economic Growth: An Investigation into the Relationship between Entrepreneurship and Total Factor Productivity Growth in the EU," CASE Network Studies and Analyses 427, CASE-Center for Social and Economic Research.
    3. Magda Cayón & Joaquim Vergés, 2007. "Organizational status and efficiency: The case of the Spanish SOE `Paradores´," Working Papers 0705, Departament Empresa, Universitat Autònoma de Barcelona, revised Oct 2007.
    4. Mark Sanders, 2007. "Scientific Paradigms, Entrepreneurial Opportunities and Cycles in Economic Growth," Small Business Economics, Springer, vol. 28(4), pages 339-354, April.
    5. Kristina Nyström, 2009. "Entry, market turbulence and industry employment growth," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(3), pages 293-308, August.
    6. William Arant & Dirk Fornahl & Nils Grashof & Kolja Hesse & Cathrin Söllner, 2019. "University-industry collaborations—The key to radical innovations? [Universität-Industrie-Kooperationen – Der Schlüssel zu radikalen Innovationen?]," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 39(2), pages 119-141, October.
    7. AFAWUBO, Komivi & NOGLO, Yawo Agbényégan, 2022. "ICT and entrepreneurship: A comparative analysis of developing, emerging and developed countries," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    8. Panagiotis E. Petrakis & Pantelis C. Kostis, 2013. "The Effects of Cultural Background and Knowledge Creation on Self-Employment and Entry Density Rates," Review of Economics & Finance, Better Advances Press, Canada, vol. 3, pages 18-32, May.
    9. Massón Guerra, José Luis, 2007. "El capital empresarial como determinante de la productividad y el crecimiento en España [The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]," MPRA Paper 4073, University Library of Munich, Germany.
    10. Marcus Dejardin, 2011. "Linking net entry to regional economic growth," Small Business Economics, Springer, vol. 36(4), pages 443-460, May.
    11. Hesse, Kolja, 2020. "Unlocking the radical potential of German innovators How can R&D policy foster radical innovation?," Papers in Innovation Studies 2020/5, Lund University, CIRCLE - Centre for Innovation Research.
    12. Beck, Mathias & Lopes-Bento, Cindy & Schenker-Wicki, Andrea, 2016. "Radical or incremental: Where does R&D policy hit?," Research Policy, Elsevier, vol. 45(4), pages 869-883.
    13. Robert J. Stimson, 2014. "Proximity and endogenous regional development," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 1, pages 47-93, Edward Elgar Publishing.
    14. Bagla, Marcella, 2018. "Rural Entrepreneurshipas A Strategy For Economic Development In Nigeria," Ilorin Journal of Business and Social Sciences, Faculty of Social Sciences, University of Ilorin, vol. 20(1), pages 118-147, March.
    15. Dominic Owusu & Prince Opoku Agyemang & Douglas Opoku Agyeman, 2022. "Electricity Energy Access and Profitability of Micro and Small Enterprises in Ghana," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(1), pages 46-59, January.

    More about this item

    Keywords

    Economic Growth; Innovation; Competition; Start-ups; Entrepreneurship;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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