Arbeitspapier
Out with the sleaze, in with the ease: Insufficient for entrepreneurial development?
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance leads to higher economic growth. This implies that better governance and lower start-up costs, widely advocated as measures to promote entrepreneurship in developing countries, may not in fact be enough. Indeed, despite poorer governance and higher start-up costs, rates of opportunity-motivated entrepreneurship are higher in developing countries. Second, better governance can lead to better growth through reducing the impact of destructive entrepreneurship (including rent-seeking), even though this may not result in a reallocation of effort from destructive towards opportunity-motivated entrepreneurship. The paper concludes by discussing whether these results call in question the popular belief that a lack of opportunity-motivated entrepreneurship constrains developing country growth, and whether there is justification for more proactive government support for entrepreneurship.
- ISBN
-
978-92-9230-168-2
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2009/01
- Klassifikation
-
Wirtschaft
New Firms; Startups
Entrepreneurship
Economic Development: General
Industrialization; Manufacturing and Service Industries; Choice of Technology
- Thema
-
entrepreneurship
development
institutions
Entrepreneurship-Ansatz
Unternehmensentwicklung
Wirtschaftswachstum
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Naudé, Wim
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Naudé, Wim
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2009
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