Chapter

Types of Entrepreneurship and Economic Growth

Erik Stam and André van Stel

in Entrepreneurship, Innovation, and Economic Development

Published in print April 2011 | ISBN: 9780199596515
Published online September 2011 | e-ISBN: 9780191729133 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199596515.003.0004

Series: WIDER Studies in Development Economics

Types of Entrepreneurship and Economic Growth

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This chapter is an empirical exploration of types of entrepreneurship and their impact on economic growth in developing and transition countries. It relates indicators of entrepreneurship to average rates of economic growth in the period 2002–5. For this the chapter utilizes a dataset on entrepreneurship in thirty‐six countries from the Global Enterprise Monitor (GEM), collected in 2002. It finds that indicators of young business activity have a significant impact on growth in high‐income countries and transition countries, but not in developing countries. The chapter explains the lack of significant effects in developing countries by pointing to the lack of complementary physical and human capital and the scarcity of larger companies that can act as a training ground for SMEs.

Keywords: entrepreneurship; growth‐oriented entrepreneurship; economic growth; global entrepreneurship monitor

Chapter.  6665 words.  Illustrated.

Subjects: Economic Development and Growth

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