Entrepreneurship and Economic Growth: Evidence from G-20 Economies

References

• Acs, Z. J., and J. E. Amorós. 2008. Entrepreneurship and competitiveness dynamics in Latin America. Small Business Economics 31 (3):305–322. doi:10.1007/s11187-008-9133-y.
   Web of Science ®Google Scholar
• Acs, Z. J., P. Arenius, M. Hay, and M. Minniti. 2004. Global entrepreneurship monitor executive report. Babson College and London Business School.
   Google Scholar
• Acs, Z., and C. Armington. 2004. Employment growth and entrepreneurial activity in cities. Regional Studies 38 (8):911–927. doi:10.1080/0034340042000280938.
   Web of Science ®Google Scholar
• Acs, Z. J., C. Armington, and T. Zhang. 2006. The determinants of new-firm survival across regional economies. Papers on Entrepreneurship, Growth and Public Policy 86 (3):367–391.
   Google Scholar
• Acs, Z. J., D. B. Audretsch, and D. S. Evans. 1994. The determinants of variation in self-employment rates across countries and over time. London, UK: Centre for Economic Policy and Research.
   Google Scholar
• Akinwale, Y. O., A. A. Alaraifi, and A. K. Ababtain. 2020. Entrepreneurship, innovation, and economic growth: Evidence from Saudi Arabia. In Eurasian Economic Perspectives. Eurasian Studies in Business and Economics, vol 15/1, ed. by M. Bilgin, H. Danis, E. Demir, and U. Tony-Okeke. Cham: Springer. https://doi.org/10.1007/978-3-030-48531-3_3
   Google Scholar
• Amorós, J. E., and O. Cristi. 2008. Longitudinal analysis of entrepreneurship and competitiveness dynamics in Latin America. International Entrepreneurship and Management Journal 4 (4):381–399. doi:10.1007/s11365-008-0082-3.
   Google Scholar
• Arenius, P., and M. Minniti. 2005. Perceptual variables and nascent entrepreneurship. Small Business Economics 24 (3):233–247. doi:10.1007/s11187-005-1984-x.
   Web of Science ®Google Scholar
• Ashcroft, B., and J. H. Love. 1996. Firm births and employment change in the British counties: 1981–89. Papers in Regional Science 75 (4):483–500. doi:10.1007/BF02412291.
   Web of Science ®Google Scholar
• Audretsch, D. B. 2018. Entrepreneurship, economic growth, and geography. Oxford Review of Economic Policy 34 (4):637–651. doi:10.1093/oxrep/gry011.
   Web of Science ®Google Scholar
• Audretsch, D. B., and M. Fritsch. 2002. Growth regimes over time and space. Regional Studies 36 (2):113–124. doi:10.1080/00343400220121909.
   Web of Science ®Google Scholar
• Audretsch, D. B., M. C. Keilbach, and E. E. Lehmann. 2006. Entrepreneurship and economic growth. New York: Oxford University Press.
   Google Scholar
• Baltagi, B. H., & B. H. Baltagi. (Eds.). 2001. A companion to theoretical econometrics. Vol. 1. Oxford: Blackwell.
   Google Scholar
• Baltagi, B. 1995. Econometric analysis of panel data. Chichester, UK: Wiley.
   Google Scholar
• Baltagi, B. H. 2005. Econometric analysis of panel data. 3rd ed. England: JW &Sons.
   Google Scholar
• Baltagi, B. H., and C. Kao. 2000. Nonstationary panels, cointegration in panels and dynamic panels: A survey. Center for Policy Research, Working Paper, No. 16, Syracuse University, Syracuse, NY.
   Google Scholar
• Baptista, R., V. Escária, and P. Madruga. 2007. Entrepreneurship, regional development and job creation: the case of Portugal. Small Business Economics 30 (1):49–58. doi:10.1007/s11187-007-9055-0.
   Web of Science ®Google Scholar
• Baumol, W. J. 1990. Entrepreneurship: productive, unproductive and destructive. Journal of Political Economy 98 (5, Part 1):893–921. doi:10.1086/261712.
   Web of Science ®Google Scholar
• Belso Martínez, J. A. 2005. Equilibrium entrepreneurship rate, economic development and growth. Evidence from Spanish regions. Entrepreneurship & Regional Development 17 (2):145–161.
   Web of Science ®Google Scholar
• Birch, D. 1987. The job generating process. Cambridge, MA: MIT.
   Google Scholar
• Brandt, N. 2004. Business dynamics, regulation and performance. OECD Science technology and Industry Working papers, No. 2004/03, Paris: OECD Publishing. https://doi.org/10.1787/573033480640.
   Google Scholar
• Carree, M., and A. R. Thurik. 2007. The lag structure of the impact of business ownership on economic growth in OECD countries. Small Business Economics 30 (1):101–110. doi:10.1007/s11187-006-9007-0.
   Web of Science ®Google Scholar
• Carree, M., A. Van Stel, R. Thurik, and S. Wennekers. 2002. Economic development and business ownership: An analysis using data of 23 OECD countries in the period 1976–1996. Small Business Economics 19 (3):271–290. doi:10.1023/A:1019604426387.
   Web of Science ®Google Scholar
• Casson, M. 1991. The entrepreneur: an economic theory. Aldershot, England: Gower House.
   Google Scholar
• Chatterjee, S., and A. S. Hadi. 2015. Regression analysis by example. Hoboken, NJ: John Wiley & Sons, Inc.
   Google Scholar
• Ciccone, A., and R. Hall. 1996. Productivity and the density of economic activity. American Economic Review 86:54–70.
   Web of Science ®Google Scholar
• Coase, R. H. 1937. The nature of the firm. Economica 4 (16):386–405. doi:10.1111/j.1468-0335.1937.tb00002.x.
   Google Scholar
• Crum, M., D. Rayome, and T. Batchelor. 2014. The influence of economic freedom on the likelihood of self-employment: A multilevel analysis. ASBBS Proceedings 21 (1):205.
   Google Scholar
• Daymard, A. 2015. Determinants of female entrepreneurship in India. OECD economics department working papers, No. 1191. Paris: OECD Publishing. https://doi.org/10.1787/5js4rfh5gtbq-en.
   Google Scholar
• Doran, J., N. McCarthy, and M. O’Connor. 2018. The role of entrepreneurship in stimulating economic growth in developed and developing countries. Cogent Economics & Finance 6 (1):1442093.
   Web of Science ®Google Scholar
• Drucker Peter, F. 1964. Managing for results. New York: Harper & Row.
   Google Scholar
• Folster, S. 2000. Do entrepreneurs create jobs? Small Business Economics 14 (2):137–148.
   Web of Science ®Google Scholar
• Fritsch, M., and M. Wyrwich. 2017. The effect of entrepreneurship on economic development—an empirical analysis using regional entrepreneurship culture. Journal of Economic Geography 17 (1):157–189. doi:10.1093/jeg/lbv049.
   Web of Science ®Google Scholar
• Hébert, R. F., and A. N. Link. 1989. In search of the meaning of entrepreneurship. Small Business Economics 1 (1):39–49.
   Google Scholar
• Hsiao, C. 1985. Benefits and limitations of panel data. Econometric Reviews 4 (1):121–174. doi:10.1080/07474938508800078.
   Google Scholar
• Hsiao, C. 1986. Analysis of panel data. Cambridge, UK: Cambridge University Press.
   Google Scholar
• IHS Global Inc. 2013. Eviews 8 user’s Guide II. www.eviews.com.
   Google Scholar
• Kim, J. 2019. Does foreign direct investment matter to domestic entrepreneurship? The mediating role of strategic alliances. Global Economic Review 48 (3):303–319. doi:10.1080/1226508X.2019.1635037.
   Web of Science ®Google Scholar
• Klapper, L., L. Laeven, and R. Rajan. 2006. Entry regulation as a barrier to entrepreneurship. Journal of Financial Economics 82 (3):591–629. doi:10.1016/j.jfineco.2005.09.006.
   Web of Science ®Google Scholar
• Klundert, T. v d. 1997. Growth and institutions: about the causes of economic development. Tilburg: Tilburg University Press.
   Google Scholar
• Lee, S. Y., R. Florida, and Z. J. Acs. 2004. Creativity and entrepreneurship: a regional analysis of new firm formation. Regional Studies 38 (8):879–891. doi:10.1080/0034340042000280910.
   Web of Science ®Google Scholar
• Leibenstein, H. 1968. Entrepreneurship and development. American Economic Review 58:72–83.
   Web of Science ®Google Scholar
• Leibenstein, H. 1979. The general X-efficiency paradigm and the role of the entrepreneur. In Time, uncertainty and disequilibrium, ed. by Mario Rizzio. Lexington: Heath, 127–139.
   Google Scholar
• Mansfield, E. 1972. Research and innovation in the modern corporation. UK: Palgrave Macmillan.
   Google Scholar
• McClelland, D. C. 1976. The achieving society. Princeton, NJ: Van Nostrand.
   Google Scholar
• Mill, J. S. 1848. Principles of political economy. London, England: John W. Parker.
   Google Scholar
• Nadiri, M. I. 1993. Innovations and technological spillovers (No. w4423). Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• North, D. C., and R. P. Thomas. 1973. The rise of the western world: a new economic history. Cambridge, UK: University Press.
   Google Scholar
• Nystrom, K. 2008. Is entrepreneurship the salvation for enhanced economic growth?: A review of the empirical evidence of the effect of entrepreneurship on employment, productivity and economic growth. CESIS Electronic Working Paper Series. Retrieved from: http://www.cesis.se/
   Google Scholar
• Papanek, G. 2002. Economic growth versus economic development. Periodical Polytechnica. Social and Management Sciences 10 (2):201.
   Google Scholar
• Peprah, A. A., and A. F. Adekoya. 2020. Entrepreneurship and economic growth in developing countries: evidence from Africa. Business Strategy & Development 3 (3):388–394.
   Google Scholar
• Persson, H. 2004. The survival and growth of new establishments in Sweden 1987–1995. Small Business Economics 23 (5):423–440. doi:10.1007/s11187-004-3992-7.
   Web of Science ®Google Scholar
• Phelps, E., R. Bojilov, H. T. Hoon, and G. Zoega. 2020. Dynamism: The values that drive innovation, job satisfaction, and economic growth. Cambridge, MA: Harvard University Press.
   Google Scholar
• Porter, M. E. 1990. The competitive advantage of nations. New York: Free Press.
   Google Scholar
• Porter, M., J. Sachs, and J. McArthur. 2002. Executive summary: Competitiveness and stages of economic development. The global competitiveness report 2001–2002. New York: Oxford University Press.
   Google Scholar
• Rahman, M., and N. Fatima. 2011. Entrepreneurship and urban growth: Dimensions and empirical models. Journal of Small Business and Enterprise Development 18 (3):608–626. doi:10.1108/14626001111155736.
   Google Scholar
• Reynolds, P. D., W. D. Bygrave, E. Autio, and P. Arenius. 2004. GEM 2003 global report. Babson Park, MA: Babson College.
   Google Scholar
• Romer, P. M. 1986. Increasing returns and long-run growth. Journal of Political Economy 94 (5):1002–1037. doi:10.1086/261420.
   Web of Science ®Google Scholar
• Rosenthal, S. S., and W. C. Strange. 2003. Geography, industrial organization, and agglomeration. Review of Economics and Statistics 85 (2):377–393. doi:10.1162/003465303765299882.
   Web of Science ®Google Scholar
• Saxenian, A. 1994. Regional networks: Industrial adaptation in Silicon Valley and route 128. Cityscape: A Journal of Policy Development and Research, 2(2).
   Google Scholar
• Schumpeter Joseph, A. 1934. The theory of economic development (translated by Opie R). Cambridge, MA: Harvard University Press.
   Google Scholar
• Schumpeter, J. A. 1912. The theory of economic development (tenth printing 2004). New Brunswick, NJ: Transaction Publishers.
   Google Scholar
• Shwab, K. 2015. The global competitiveness report 2015–2016. Geneva: WEF.
   Google Scholar
• Solow, R. M. 1956. A contribution to the theory of economic growth. The Quarterly Journal of Economics 70 (1):65–94. doi:10.2307/1884513.
   Web of Science ®Google Scholar
• Stoica, O., A. Roman, and V. D. Rusu. 2020. The nexus between entrepreneurship and economic growth: a comparative analysis on groups of countries. Sustainability 12 (3):1186. doi:10.3390/su12031186.
   Web of Science ®Google Scholar
• Stuetzer, M., D. B. Audretsch, M. Obschonka, S. D. Gosling, P. J. Rentfrow, and J. Potter. 2018. Entrepreneurship culture, knowledge spillovers and the growth of regions. Regional Studies 52 (5):608–618. doi:10.1080/00343404.2017.1294251.
   Web of Science ®Google Scholar
• Van Dijk, B., R. Den Hertog, B. Menkveld, and R. Thurik. 1997. Some new evidence on the determinants of large-and small-firm innovation. Small Business Economics 9 (4):335–343. doi:10.1023/A:1007995919950.
   Web of Science ®Google Scholar
• van Stel, A. J., and B. Diephuis. 2004. Business dynamics and employment growth: A cross-country analysis (No. 3204). Papers on entrepreneurship, growth and public policy edited by the Group Entrepreneurship, Growth and Public policy, MPI Jena.
   Google Scholar
• Van Stel, A., M. Carree, and R. Thurik. 2005. The effect of entrepreneurial activity on national economic growth. Small Business Economics 24 (3):311–321. doi:10.1007/s11187-005-1996-6.
   Web of Science ®Google Scholar
• Weber, M. 1904. The protestant ethic and the spirit of capitalism (translated by T Parsons), 1929. New York: Scribner.
   Google Scholar
• Wennekers, S., and R. Thurik. 1999. Linking entrepreneurship and economic growth. Small Business Economics 13 (1):27–56. doi:10.1023/A:1008063200484.
   Web of Science ®Google Scholar
• Wennekers, S., A. Van Wennekers, R. Thurik, and P. Reynolds. 2005. Nascent entrepreneurship and the level of economic development. Small Business Economics 24 (3):293–309. doi:10.1007/s11187-005-1994-8.
   Web of Science ®Google Scholar
• Wong, P. K., Y. P. Ho, and E. Autio. 2005. Entrepreneurship, innovation and economic growth: Evidence from GEM data. Small Business Economics 24 (3):335–350. doi:10.1007/s11187-005-2000-1.
   Web of Science ®Google Scholar