Abstract
Developments and rapid changes in the international community, moving from traditional society to the information society, as well as changing the national economy to the global economy, require different solutions to enable economic growth and development in society. In fact, entrepreneurship, which is the concept of the discovery and exploitation of opportunities for value creation in the various sectors, is the basis for an all-round development. For this reason, to develop the countries pay special attention to the entrepreneurship is very important. So, this study is trying to investigate the effects of entrepreneurship and education on economic growth in 25 selected countries using the panel-data method in the period of 2001 to 2015. The results show that entrepreneurship and education have positive effects on economic growth, so that by increasing one percent of each variable, respectively, economic growth will increase by 0.41 and 0.21 percent.
 Badri, A. K. | Department of Economics, Faculty of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
Highlights
In today’s world, the country which provides ideal situation for its entrepreneurs and decent infrastructures for creation of new creative ideas, can make progress in economic growth and development
The results suggested that economic growth plays a vital role on poverty, income inequality and economic development; entrepreneurship has impact on economic development but little or no impact on poverty and income inequality in the Philippines
The results indicate that economic development of the countries in the sample is affected by entrepreneurship even after controlling for regional variation
Summary
In today’s world, the country which provides ideal situation for its entrepreneurs and decent infrastructures for creation of new creative ideas, can make progress in economic growth and development. Entrepreneurship designs the progress of beneficial activity progress and takes use of professional force in their special professions which itself is a reason of increasing efficiency in different sectors and results in improvement of economic growth and development in the society. This study is trying to investigate the effects of entrepreneurship and education on economic growth in 25 selected countries of the world using the panel-data method in the period of 2001 to 2015.
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