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Entrepreneurship and Economic Growth in Spanish and Portuguese Regions

  • Emilia V√°zquez
  • Sofia Gomes
  • Elvira Vieira
Registered author(s):

    The theory of economic growth covers institutional market and company internal factors that explain the disparities in well-being among countries, in a given period. It also questions welfare growth dynamics that leads to convergence or divergence of per capita wealth levels. (Solow, 1956-1957; Grilliches, 1979; Romer, 1986, 1990; Lucas, 1988; Barro, 1999; Barro e Sala-i-Martin, 1991 e 1992; Rebelo, 1991, Mankiw, Romer e Weil, 1992). The economic study of entrepreneurship is concerned with identifying factors that influence the dynamics of business creation and the consequences of these dynamics on economic growth. (Acs e Armington, 2006; Audretsch e Keilbach, 2004; Audretsch, Keilbach, Lehmann, 2006; Carree e Thurik, 2006; Van Stel, 2006). There are several studies that establish a direct relationship between entrepreneurship and economic growth. Other empirical works address an indirect relationship through the establishment of an interaction between entrepreneurship and employment rate growth. With a similar approach to other works that relate entrepreneurial activity (Petrakis, 2004; Audretsch and Keilbach 2004; Wong, Ho e Autio, 2005; Acs e Varga, 2005; Stam, Suddle, Hessels e Van Stel, 2006; Van Stel, Storey e Thurik, 2009; Barros e Pereira 2008; Salas y Sánchez-Asín, 2008) this paper analyzes the effect of entrepreneurship on growth on Spanish and Portuguese regions

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    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1537.

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    Date of creation: Sep 2011
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    Handle: RePEc:wiw:wiwrsa:ersa10p1537
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    1. Eduardo Borensztein & Jose De Gregorio & Jong-Wha Lee, 1995. "How Does Foreign Direct Investment Affect Economic Growth?," NBER Working Papers 5057, National Bureau of Economic Research, Inc.
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    4. Audretsch, David B & Keilbach, Max, 2003. "Entrepreneurship Capital and Economic Performance," CEPR Discussion Papers 3678, C.E.P.R. Discussion Papers.
    5. Rachel Griffith & Stephen Redding & John Van Reenen, 2000. "Mapping the two faces of R&D: productivity growth in a panel of OECD industries," IFS Working Papers W00/02, Institute for Fiscal Studies.
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    9. Nonneman, Walter & Vanhoudt, Patrick, 1996. "A Further Augmentation of the Solow Model and the Empirics of Economic Growth for OECD Countries," The Quarterly Journal of Economics, MIT Press, vol. 111(3), pages 943-53, August.
    10. Andrés Rodríguez-Pose & Riccardo Crescenzi, 2006. "R&D, Spillovers, Innovation Systems and the Genesis of Regional Growth in Europe," Bruges European Economic Research Papers 5, European Economic Studies Department, College of Europe.
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    17. Marcus DEJARDIN, 2001. "Entrepreneurship and Economic Growth: An Obvious Conjunction?," Development and Comp Systems 0110010, EconWPA.
    18. Neira, I. & Pacheco, E., 2004. "Análise Comparativa Regional de Espanha e Portugal:Implicações da investigação no desenvolvimento industrial," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 4(1).
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    20. Hans Westlund & Frane Adam, 2009. "Social Capital and Economic Performance: A Meta-analysis of 65 Studies," European Planning Studies, Taylor & Francis Journals, vol. 18(6), pages 893-919, November.
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    22. Andrés Rodríguez-Pose & Riccardo Crescenzi, 2008. "Research and development, spillovers, innovation systems, and the genesis of regional growth in Europe," LSE Research Online Documents on Economics 23326, London School of Economics and Political Science, LSE Library.
    23. Michael Fritsch & Pamela Mueller, 2004. "Effects of New Business Formation on Regional Development over Time," Regional Studies, Taylor & Francis Journals, vol. 38(8), pages 961-975.
    24. Parisi, Maria Laura & Schiantarelli, Fabio & Sembenelli, Alessandro, 2006. "Productivity, innovation and R&D: Micro evidence for Italy," European Economic Review, Elsevier, vol. 50(8), pages 2037-2061, November.
    25. André van Stel & Roy Thurik & Sander Wennekers & David Storey, 2006. "From nascent to actual entrepreneurship: the effect of entry barriers," Scales Research Reports N200508, EIM Business and Policy Research.
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    27. Gomes, Victor & Pessoa, Samuel de Abreu & Veloso, Fernando A., 2003. "Evolução da Produtividade Total dos Fatores na Economia Brasileira: Uma Análise Comparativa," Economics Working Papers (Ensaios Economicos da EPGE) 483, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
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