The role of entrepreneurship in stimulating economic growth in developed and developing countries

dc.contributor.authorDoran, Justin
dc.contributor.authorMcCarthy, Nóirín
dc.contributor.authorO'Connor, Marie
dc.date.accessioned2018-04-05T13:48:42Z
dc.date.available2018-04-05T13:48:42Z
dc.date.issued2018-03-02
dc.date.updated2018-04-05T11:59:31Z
dc.description.abstractThis paper analyses whether different measure of entrepreneurship can explain economic growth. It utilises 14 difference indicators of entrepreneurship to analyse the contribution of entrepreneurial activity, aspirations, and attitudes to Gross Domestic Product (GDP) per capita. It also examines whether the importance of entrepreneurship varies across high-income and middle/low-income countries. An unbalanced panel of 55 countries over the time period 2004–2011 is used. Fourteen different indicators of entrepreneurship are utilised and are condensed into three components using principle components analysis. Regression analysis is then used to assess whether these three different components of entrepreneurship drive economic growth. The results indicate that entrepreneurial attitudes are found to stimulate GDP per capita in high-income countries while entrepreneurial activity is found to have a negative effect in middle/low-income economies.en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationDoran, J., McCarthy, N. and O’Connor, M. (2018) 'The role of entrepreneurship in stimulating economic growth in developed and developing countries', Cogent Economics & Finance, 6(1) 1442093, (12pp). doi: 10.1080/23322039.2018.1442093en
dc.identifier.doi10.1080/23322039.2018.1442093
dc.identifier.endpage1442093-14en
dc.identifier.issn2332-2039
dc.identifier.journaltitleCogent Economics and Financeen
dc.identifier.startpage1442093-1en
dc.identifier.urihttps://hdl.handle.net/10468/5742
dc.identifier.volume6en
dc.language.isoenen
dc.publisherCogent OAen
dc.rights© 2018 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license.en
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en
dc.subjectEntrepreneurshipen
dc.subjectEconomic growthen
dc.subjectDeveloping countriesen
dc.titleThe role of entrepreneurship in stimulating economic growth in developed and developing countriesen
dc.typeArticle (peer-reviewed)en
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