Template-type: ReDIF-Paper 1.0
Author-Name: Stam, Erik
Author-Email: e.stam@uu.nl
Author-Workplace-Name: Utrecht School of Economics
Author-Name: Stel, Andre van
Author-Email: ast@eim.nl
Author-Workplace-Name: EIM Business and Policy Research, Amsterdam Center
	 for Entrepreneurship
Title: Types of Entrepreneurship and Economic Growth
Abstract: In this paper, we empirically investigate the effect of entrepreneurship 
	 on economic growth at the country level. We use data from the Global 
	 Entrepreneurship Monitor, which provides comparative data on 
	 entrepreneurship from a wide range of countries. An important element of 
	 this paper is that we compare the effects of entrepreneurial activity on 
	 economic growth in high income, transition and low income countries. 
	 This dataset also enables us to make a distinction between the effects 
	 of entrepreneurship in general and growth-oriented entrepreneurship in 
	 particular. We present empirical tests of the impact of entrepreneurial 
	 activity on GDP growth over a four year period for a sample of 36 
	 countries. Our empirical analyses suggest that entrepreneurship does not 
	 have an effect on economic growth in low income countries, in contrast 
	 to transition and high income countries where especially growth-oriented 
	 entrepreneurship seems to contribute strongly to macroeconomic growth
Classification-JEL: L16, L26, M13, O11, O40, O57
Keywords: entrepreneurship, growth-oriented entrepreneurship, economic growth
Series: UNU-MERIT Working Papers
Creation-Date: 2009
Number: 049
File-URL: http://www.merit.unu.edu/publications/wppdf/2009/wp2009-049.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2009049