Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Erik Stam, Chantal Hartog, André van Stel and Roy Thurik

in The Dynamics of Entrepreneurship

Published in print July 2011 | ISBN: 9780199580866
Published online September 2011 | e-ISBN: 9780191728716 | DOI:
Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Show Summary Details


This chapter examines the impact of ambitious entrepreneurship (entrepreneurs expecting to grow their firm) and established high-growth firms (firms that have actually realized high growth rates) on macroeconomic growth using a large sample of GEM data in high and low-income countries for the period 2002-2005. The empirical evidence shows that ambitious entrepreneurship accounts for the whole effect of entrepreneurship on macroeconomic growth but that this is not the case when low-income countries are considered. Also, in contrast to ambitious entrepreneurs, the chapter finds the contribution of established high-growth firms to macroeconomic growth to be negligible. No connection between their prevalence rates and the share of ambitious entrepreneurs is found.

Keywords: entrepreneurship; ambitious entrepreneurship; high-growth firms; macroeconomic growth; economic development; GEM

Chapter.  7765 words.  Illustrated.

Subjects: Innovation

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.