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Entrepreneurship and Economic Development: Theory, Evidence and Policy

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  • Naudé, Wim

    (RWTH Aachen University)

Abstract

This paper provides an overview of the state of the art of the intersection of development economics and entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights from the intersection of entrepreneurship and development studies; (ii) the empirical evidence on the relationship between entrepreneurship and development; and (iii) fresh insights for entrepreneurship policy for development that emerges from recent advanced in this area, including female entrepreneurship in developing countries.

Suggested Citation

  • Naudé, Wim, 2013. "Entrepreneurship and Economic Development: Theory, Evidence and Policy," IZA Discussion Papers 7507, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp7507
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    5. Natanya Meyer & Jacques de Jongh, 2018. "The Importance of Entrepreneurship as a Contributing Factor to Economic Growth and Development: The Case of Selected European Countries," Journal of Economics and Behavioral Studies, AMH International, vol. 10(4), pages 287-299.
    6. Joan DeJaeghere & Aryn Baxter, 2014. "Entrepreneurship education for youth in sub-Saharan Africa: A capabilities approach as an alternative framework to neoliberalism’s individualizing risks," Progress in Development Studies, , vol. 14(1), pages 61-76, January.
    7. Bladimir de la Hoz-Rosales & José A. Camacho-Ballesta & Ignacio Tamayo-Torres, 2019. "Effects of innovative entrepreneurship and the information society on social progress: an international analysis," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 782-813, December.
    8. Syed Zaheer Abbas, Kazmi & Andras, Nabradi, 2017. "New Venture Creation – The Influence Of Entrepreneurship Education On Students’ Behavior (A Literature – Review Based Study)," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 11(1-2), September.
    9. 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.
    10. Angulo-Guerrero, María J. & Pérez-Moreno, Salvador & Abad-Guerrero, Isabel M., 2017. "How economic freedom affects opportunity and necessity entrepreneurship in the OECD countries," Journal of Business Research, Elsevier, vol. 73(C), pages 30-37.
    11. Miriam López & Adolfo Cazorla & Milagros del Pilar Panta, 2019. "Rural Entrepreneurship Strategies: Empirical Experience in the Northern Sub-Plateau of Spain," Sustainability, MDPI, vol. 11(5), pages 1-15, February.
    12. Adriana Perez-Encinas & Yolanda Bueno & Begoña Santos & Camila Nieto-Mejia, 2021. "Are There Differences and Complementarities between Senior and Young Entrepreneurs? An Intergenerational Perspective," Sustainability, MDPI, vol. 13(9), pages 1-24, May.
    13. Wang Xuhui & Jia Liu & Frida Pacho, 2018. "Societal, Culture and Entrepreneurial Opportunities Exploitation of New Venture Activities: Mediating Role of Proactiveness," International Journal of Regional Development, Macrothink Institute, vol. 5(2), pages 1-41, December.
    14. Adriana Perez-Encinas & Isidro de Pablo & Yolanda Bueno & Begoña Santos, 2021. "Intergenerational Entrepreneurship to Foster Sustainable Development: A Methodological Training Proposal," Sustainability, MDPI, vol. 13(17), pages 1-20, August.
    15. Shelby Solomon & Joshua S. Bendickson & Eric W. Liguori & Matthew R. Marvel, 2022. "The effects of social spending on entrepreneurship in developed nations," Small Business Economics, Springer, vol. 58(3), pages 1595-1607, March.
    16. Pradhan, Rudra P. & Arvin, Mak B. & Nair, Mahendhiran & Bennett, Sara E., 2020. "The dynamics among entrepreneurship, innovation, and economic growth in the Eurozone countries," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 1106-1122.
    17. Smaragda Papadopoulou & Stamatis Goumas, 2018. "Reading Ability as a Learning Experience and Meaning Making in Class: the Case of Greek Primary Schools," European Journal of Education Articles, Revistia Research and Publishing, vol. 1, May - Aug.
    18. Grădinaru Cătălin & Toma Sorin-George & Papuc Răzvan, 2017. "Entrepreneurship in the World: The Analysis of the Global Entrepreneurship Index in the Period 2015-2017," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 14-18, December.
    19. Saša Petković Snežana Sorak, 2019. "Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 22(SCI), pages 37-67, March.
    20. Mckenzie,David J. & Paffhausen,Anna Luisa, 2015. "Development economics as taught in developing countries," Policy Research Working Paper Series 7521, The World Bank.
    21. Ida Ketut Kusumawijaya, 2019. "Predicting the Unseen: Entrepreneurial Opportunity on Entrepreneurial Intention," International Review of Management and Marketing, Econjournals, vol. 9(5), pages 141-149.

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    More about this item

    Keywords

    entrepreneurship; development; small business; private sector development; innovation; business;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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