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- W1496439897 abstract "textabstractThe increased importance of knowledge as a source of competitiveness for modern economiessuggests that the organization of industries most conducive to innovative activity and unrestrainedcompetition will be linked to higher growth rates. Entrepreneurial activity is generally assumed to bean important aspect of this organization. In the present paper we investigate whether a new andpromising concept, Total Entrepreneurial Activity, influences GDP growth for 36 countries in arecent period. We will also test whether this influence depends upon the level of economicdevelopment measured as GDP per capita. With this test we aim to investigate to what extent the roleof entrepreneurship has changed in the last decades of the 20th century. Although the limited numberof observations does not allow for many competing explanatory variables, we will examine the roleof the so-called Growth Competitiveness Index. This variable captures a range of alternativeexplanations for achieving sustained economic growth. In addition, we incorporate the initial level ofeconomic development to correct for convergence. We find that entrepreneurial activity indeedaffects economic growth, but that this effect depends upon the level of per capita income. Thissuggests that entrepreneurship plays a different role in countries in different stages of economicdevelopment." @default.
- W1496439897 created "2016-06-24" @default.
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- W1496439897 date "2003-01-01" @default.
- W1496439897 modified "2023-09-27" @default.
- W1496439897 title "The effect of entrepreneurship on national economic growth: an empirical analysis using the GEM data base" @default.
- W1496439897 hasPublicationYear "2003" @default.
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