Bericht
Entrepreneurship and economic growth: An investigation into the relationship between entrpreneurship and total factor productivity growth in the EU
Endogenous growth theory assigns an important role for entrepreneurship in the process of economic development. This paper sets to formally test the impact of entrepreneurship on economic growth. Entrepreneurship is represented by a number of proxy variables, whereas Total Factor Productivity is used as a measure of economic growth. Panel data of 26 European countries repeatedly sampled over a period of 11 years is used to estimate a Random Effects model. This study finds that entrepreneurship contributes to growth moderately. It is not, nonetheless, a dominant force shaping changes in TFP growth rates. Business Birth Rate, Self-employment Rate, Business Investment and Labour Productivity Growth were all found to be highly significant. The article concludes that more encompassing measure of entrepreneurship needs to be developed, one that would reflect the complexity of the notion.
- ISBN
-
978-83-7178-542-9
- Sprache
-
Englisch
- Erschienen in
-
Series: CASE Network Studies & Analyses ; No. 427
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Economywide Country Studies: Europe
Entrepreneurship
- Thema
-
entrepreneurship
total factor productivity
economic growth
the EU
Entrepreneurship-Ansatz
Wirtschaftswachstum
Produktivität
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dabkowski, Andrzej P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Social and Economic Research (CASE)
- (wo)
-
Warsaw
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Dabkowski, Andrzej P.
- Center for Social and Economic Research (CASE)
Entstanden
- 2011
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