Abstract
This article examines the relationship between entrepreneurship and economic growth for 19 OECD countries from 2001 to 2009. We used two measures for entrepreneurship: the level of entrepreneurial activities and potential innovation. We estimated a growth function using techniques of panel data. The results show a significant and positive impact of the variables used to measure entrepreneurship on economic growth. The results also show that the impact of innovation becomes more potential significant and higher in the presence of a favorable institutional framework. These results have strong implications for economic policy. The government will further promote entrepreneurial activities, especially which generate innovation, by providing a favorable institutional framework.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
