Entrepreneurship, foreign direct investments and economic wealth in Africa

References

• Acheampong, G., & Hinson, R. E. (2019). Benefitting from alter resources: Network diffusion and SME survival. Journal of Small Business & Entrepreneurship, 31(2), 141–27. https://doi.org/10.1080/08276331.2018.1462620
   Google Scholar
• Ács, Z. J., Autio, E., & Szerb, L. (2014). National systems of entrepreneurship: Measurement issues and policy implications. Research Policy, 43(3), 476–494. https://doi.org/10.1016/j.respol.2013.08.016
   Google Scholar
• Acs, Z. J., & Varga, A. (2005). Entrepreneurship, agglomeration and technological change. Small Business Economics, 24(3), 323–334. https://doi.org/10.1007/s11187-005-1998-4
   Google Scholar
• Adams, S., & Opoku, E. E. O. (2015). Foreign direct investment, regulations, and growth in Sub-Saharan Africa. Economic Analysis and Policy, 47, 48–56. https://doi.org/10.1016/j.eap.2015.07.001
   Google Scholar
• Adepoju, U. (2017). Ease of doing business and economic growth. Unpublished Working Paper, Department of Economics of the University of Ottawa, Ottawa, Ontario
   Google Scholar
• Adusei, M. (2016). Does entrepreneurship promote economic growth in Africa? African Development Review, 28(2), 201–214. https://doi.org/10.1111/1467-8268.12190
   Google Scholar
• Agbloyor, E. K. (2019). Foreign direct investment, political business cycles and welfare in Africa. Journal of International Development, 31(5), 345–373.
   Google Scholar
• Agbloyor, E. K., Abor, J. Y., Adjasi, C. K. D., & Yawson, A. (2014). Private capital flows and economic growth in Africa: The role of domestic financial markets. Journal of International Financial Markets, Institutions and Money, 30, 137–152. https://doi.org/10.1016/j.intfin.2014.02.003
   Google Scholar
• Agbloyor, E. K., Gyeke‐Dako, A., Kuipo, R., & Abor, J. Y. (2016). Foreign direct investment and economic growth in SSA: The role of institutions. Thunderbird International Business Review, 58(5), 479–497. https://doi.org/10.1002/tie.21791
   Google Scholar
• Albulescu, C. T., & Draghici, A. (2016). Entrepreneurial activity and national innovative capacity in selected European countries. Int J Entrep Innov, 17(3), 155–172. https://doi.org/10.1177/1465750316655902
   Google Scholar
• Albulescu, C. T., & Tămăşilă, M. (2014). The impact of FDI on entrepreneurship in the European countries procedia. Social and Behavioral Sciences, 124(2014), 219–228. https://doi.org/10.1016/j.sbspro.2014.02.480
   Google Scholar
• Alfaro, L., Areendam, C., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: The role of local financial markets. Journal of International Economics, 64(1), 89–112. https://doi.org/10.1016/S0022-1996(03)00081-3
   Google Scholar
• Allison, V. L. (2012). Award-winning undergraduate paper: Econometric analysis of childhood poverty in Georgia. American Journal of Agricultural Economics, 94(2), 595–599. https://doi.org/10.1093/ajae/aar151
   Google Scholar
• Alvarez, S. A., & Busenitz, L. W. (2001). A resource-based theory of entrepreneurship. Journal of Management, 27(6), 755–775. https://doi.org/10.1177/014920630102700609
   Google Scholar
• Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297.
   Google Scholar
• Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29–51. https://doi.org/10.1016/0304-4076(94)01642-D
   Google Scholar
• Asongu, S. A., & Nwachukwu, J. C. (2018). Openness, ICT and entrepreneurship in sub-Saharan Africa. Information Technology & People.
   Google Scholar
• Asongu, S. A., & Tchamyou, V. S. (2016). The impact of entrepreneurship on knowledge economy in Africa. Journal of Entrepreneurship in Emerging Economies, 8(1), 101–131.
   Google Scholar
• Atems, B., & Shand, G. (2018). An empirical analysis of the relationship between entrepreneurship and income inequality. Small Business Economics, 51(4), 905–922. https://doi.org/10.1007/s11187-017-9984-1
   Google Scholar
• Audretsch, D., & Keilbach, M. (2004). Entrepreneurship capital and economic performance. Regional Studies, 38(8), 949–959. https://doi.org/10.1080/0034340042000280956
   Google Scholar
• Audretsch, D. B., & Keilbach, M. (2004a). Entrepreneurship capital and economic performance. Regional Studies, 38(8), 949–959. https://doi.org/10.1080/0034340042000280956
   Google Scholar
• Audretsch, D. B., & Keilbach, M. (2004c). Does entrepreneurship capital matter. Entrepreneurship Theory and Practice, 28(5), 419–429. https://doi.org/10.1111/j.1540-6520.2004.00055.x
   Google Scholar
• Awad, A., & Ragab, H. (2018). The economic growth and foreign direct investment nexus: Does democracy matter? Evidence from African countries. Thunderbird International Business Review, 60(4), 565–575. https://doi.org/10.1002/tie.21948
   Google Scholar
• Ayyagari, M., & Kosová, R. (2010). Does FDI facilitate domestic entry? Evidence from the Czech Republic. Review of International Economics, 18(1), 14-–29. https://doi.org/10.1111/j.1467-9396.2009.00854.x
   Google Scholar
• Batrancea, L., Rathnaswamy, M. K., & Batrancea, I. (2022). A panel data analysis on determinants of economic growth in seven non-BCBS Countries. Journal of the Knowledge Economy, 13(2), 1651–1665. https://doi.org/10.1007/s13132-021-00785-y.
   Google Scholar
• Baumol, W. J. (1996). Entrepreneurship: Productive, unproductive, and destructive. Journal of Business Venturing, 11(1), 3–22. https://doi.org/10.1016/0883-9026(94)00014-X
   Google Scholar
• Belitski, M., & Desai, S. (2016). Creativity, entrepreneurship and economic development: City-level evidence on creativity spilloverof entrepreneurship. The Journal of Technology Transfer, 41(6), 1354–1376. https://doi.org/10.1007/s10961-015-9446-3
   Google Scholar
• Bjorvatn, K., Farzanegan, M. R., & Schneider, F. (2012). Resource curse and power balance: Evidence from oil-rich countries. World Development, 40(7), 1308–1316. https://doi.org/10.1016/j.worlddev.2012.03.003
   Google Scholar
• Block, J. H., Fisch, C. O., & van Praag, M. (2017). The Schumpeterian entrepreneur: A review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship. Industry and Innovation, 24(1), 61–95. https://doi.org/10.1080/13662716.2016.1216397
   Google Scholar
• Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115–143. https://doi.org/10.1016/S0304-4076(98)00009-8
   Google Scholar
• Brambor, T., Clark, W. R., & Golder, M. (2006). Understanding interaction models: Improving empirical analyses (pp. 63–82). Political analysis.
   Google Scholar
• Canare, T. (2018). The effect of ease of doing business on firm creation. Annals of Economics and Finance, 19(2), 555–584.
   Google Scholar
• Catrinescu, N., Leon Ledesma, M., Piracha, M., & Quillin, B. (2009). Remittances, institutions, and economic growth. World development, Elsevier, 37(1), 81–92.
   Google Scholar
• Christiansen, H., & Ogutcu, M. (2002, December 5-6). Foreign direct investment for development – Maximizing benefits, minimizing costs. OCDE, Global forum on international investment. Attracting foreign direct investment for development.
   Google Scholar
• Coccia, M. (2011). The interaction between public and private R&D expenditure and national productivity. Prometheus, 29(2), 121–130. https://doi.org/10.1080/08109028.2011.601079
   Google Scholar
• Compton, R. A., & Giedeman, D. C. (2011). Panel evidence on finance, institutions and economic growth. Applied Economics, 43(25), 3523–3547. https://doi.org/10.1080/00036841003670713
   Google Scholar
• Cramer, C., Sender, J., & Oqubay, A. (2020). African economic development: Evidence, theory, policy. Oxford University Press.
   Google Scholar
• Dau, L. A., & Cuervo-Cazurra, A. (2014). To formalize or not to formalize: Entrepreneurship and pro-market institutions. Journal of Business Venturing, 29(5), 668–686. https://doi.org/10.1016/j.jbusvent.2014.05.002
   Google Scholar
• De Backer, K., & Sleuwaegen, L. (2003). Does foreign direct investment crowd out domestic entrepreneurship? Review of Industrial Organization, 22(1), 67–84. https://doi.org/10.1023/A:1022180317898
   Google Scholar
• Djankov, S., & Hoekman, B. (2000). Foreign investment and productivity growth in Czech enterprises. World Bank Economic Review, 14(1), 49–64. https://doi.org/10.1093/wber/14.1.49
   Google Scholar
• Doran, J., McCarthy, N., & O’Connor, M. (2018). The role of entrepreneurship in stimulating economic growth in developed and developing countries. Cogent Economics & Finance, 6(1), 1442093. https://doi.org/10.1080/23322039.2018.1442093
   Google Scholar
• Doytch, N. (2012). FDI and entrepreneurship in developing countries. GSTF Business Review (GBR), 1(3), 120. https://doi.org/10.1016/j.sbspro.2014.02.480
   Google Scholar
• Dreher, A., & Gassebner, M. (2013). Greasing the wheels? The impact of regulations and corruption on firm entry. Public Choice, 155(3–4), 413–432. https://doi.org/10.1007/s11127-011-9871-2
   Google Scholar
• Durham, J. B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European economic review, 48(2), 285–306.
   Google Scholar
• Dutta, N., & Sobel, R. (2016). Does corruption ever help entrepreneurship? Small Business Economics, 47(1), 179–199. https://doi.org/10.1007/s11187-016-9728-7
   Google Scholar
• Fahed, W. B. (2013). The effect of entrepreneurship on foreign direct investment. In Proceedings of world academy of science, engineering and technology (Vol. 78, pp. 242). World Academy of Science, Engineering and Technology (WASET).
   Google Scholar
• Ferreira, J. J., Fayolle, A., Fernandes, C., & Raposo, M. (2017). Effects of Schumpeterian and Kirznerian entrepreneurship on economic growth: Panel data evidence. Entrepreneurship & Regional Development, 29(1–2), 27–50. https://doi.org/10.1080/08985626.2016.1255431
   Google Scholar
• Fritsch, M. (2008). How does new business formation affect regional development? Introduction to the special issue. Small Business Economics, 30(1), 1–14. https://doi.org/10.1007/s11187-007-9057-y
   Google Scholar
• Fritsch, M. (2013). New business formation and regional development: A survey and assessment of the evidence. Foundations and Trends in Entrepreneurship, 9(3), 249–364.
   Google Scholar
• Fritsch, M., & Mueller, P. (2004). Effects of new business formation on regional development over time. Regional Studies, 38(8), 961–975. https://doi.org/10.1080/0034340042000280965
   Google Scholar
• Glancey, K. S., & McQuaid, R. W. (2000). Public policies to promote entrepreneurship. In Entrepreneurial economics (pp. 172–201). Palgrave Macmillan.
   Google Scholar
• Görg, H., & Strobl, E. (2002). Multinational Companies and Indigenous Development: An Empirical Analysis. European Economic Review, 46(7), 1305–1322. https://doi.org/10.1016/S0014-2921(01)00146-5
   Google Scholar
• Gui-Diby, S. L. (2014). Impact of foreign direct investments on economic growth in Africa: Evidence from three decades of panel data analyses. Research in Economics, 68(3), 248–256. https://doi.org/10.1016/j.rie.2014.04.003
   Google Scholar
• Gui-Diby, S. L., & Renard, M. F. (2015). Foreign direct investment inflows and the industrialization of African countries. World Development, 74, 43–57. https://doi.org/10.1016/j.worlddev.2015.04.005
   Google Scholar
• Herrington, M., Kew, J., & Kew, P. (2010). Global entrepreneurship monitor.
   Google Scholar
• Heshmati, A. (ed.) (2018). Determinants of economic growth in Africa. Springer, 2018
   Google Scholar
• Hessels, J., & Van Stel, A. (2011). Entrepreneurship, export orientation, and economic growth. Small Business Economics, 37(2), 255–268. https://doi.org/10.1007/s11187-009-9233-3
   Google Scholar
• Hillbom, E., & Green, E. (2019). An economic history of development in Sub-Saharan Africa: Economic transformations and political changes. Palgrave Macmillan.
   Google Scholar
• Huang, X., & Chen, Y. (2021). The impact of entrepreneurship on economic growth within a city. Business, 1(3), 142–150. https://doi.org/10.3390/businesses1030011
   Google Scholar
• Ibrahim, R. L., & Ajide, K. B. (2022a). Trade facilitation, institutional quality, and sustainable environment: Renewed evidence from Sub-Saharan African countries. Journal of African Business, 23(2), 281–303. https://doi.org/10.1080/15228916.2020.1826886
   Google Scholar
• Ibrahim, R. L., & Ajide, K. B. (2022b). Trade facilitation and environmental quality: Empirical evidence from some selected African countries. Environment, Development and Sustainability, 24(1), 1282–1312. https://doi.org/10.1007/s10668-021-01497-8
   Google Scholar
• Ibrahim, R. L., & Ajide, K. B. (2022c). Is trade facilitation a deterrent or stimulus for foreign direct investment in Africa? The International Trade Journal, 36(2), 77–101. https://doi.org/10.1080/08853908.2021.1937407
   Google Scholar
• Ivanović-Đukić, M., Krstić, B., & Rađenović, T. (2022). Entrepreneurship and economic growth in emerging markets: An empirical analysis. Acta Oeconomica, 72(1), 65–84. https://doi.org/10.1556/032.2022.00004
   Google Scholar
• Jiahao, S., Ibrahim, R. L., Bello, K. A., & Oke, D. M. (2022). Trade facilitation, institutions, and sustainable economic growth. Empirical evidence from Sub‐Saharan Africa. African Development Review.
   Google Scholar
• Kim, P. H., & Li, M. (2012) Injecting demand through spillovers: Foreign direct investment, domestic socio-political conditions, and host-country entrepreneurial activity. Journal of Business Venturing. forthcoming. http://dx.doi.org/10.1016/j.jbusvent.2012.10.004.
   Google Scholar
• Kim, J., Petalcorin, C. C., Park, D., Jinjarak, Y., & Quising, P. (2022). Entrepreneurship and economic growth: A cross-section empirical analysis. Asian Development Bank. http://dx.doi.org/10.22617/WPS220399-2
   Google Scholar
• Konings, J. (2001). The effects of foreign direct investment on domestic firms: Evidence from firm panel data in emerging economies. Economics of Transition, 9(3), 619–633. https://doi.org/10.1111/1468-0351.00091
   Google Scholar
• Koster, S., & Rai, S. K. (2008). Entrepreneurship and economic development in a developing country: A case study of India. The Journal of Entrepreneurship, 17(2), 117–137. https://doi.org/10.1177/097135570801700202
   Google Scholar
• Kriese, M., Nabieu, G. A. A., Ofori-Sasu, D., & Kusi, B. (2021). Entrepreneurship and agriculture resources on national productivity in Africa: Exploring for complementarities, synergies and thresholds. Journal of Enterprising Communities People and Places in the Global Economy, 15(5), 643–664. https://doi.org/10.1108/JEC-12-2020-0218
   Google Scholar
• Kritikos, A. S. (2014). Entrepreneurs and their impact on jobs and economic growth. IZA World of Labor.
   Google Scholar
• Langdon, S., Archibald, R., Ritter, M., & Samy, Y. (2018). African economic development. Routledge.
   Google Scholar
• Layla, F., Majumder, S. C., Appiah, B. K., Martial, A. A. A., Randolphe, K. G., & Cardorel, O. C. (2020). A panel dynamic analysis on inward FDI and institutional quality in South Asia and South East Asia. Asian Economic and Financial Review, 10(6), 554–569. https://doi.org/10.18488/journal.aefr.2020.106.654.669
   Google Scholar
• Lucas, R. E. (2005). Time does not heal all wounds: A longitudinal study of reaction and adaptation to divorce. Psychological Science, 16(12), 945–950.
   Google Scholar
• Lu, C., & Wooldridge, J. M. (2020). A GMM estimator asymptotically more efficient than OLS and WLS in the presence of heteroscedasticity of unknown form. Applied Economic Letters, 27(12), 997–1001. https://doi.org/10.1080/13504851.2019.1657228
   Google Scholar
• Majumder, S. C., Rahman, M. H., & Martial, A. A. A. (2022). The effects of foreign direct investment on export processing zones in Bangladesh using generalized method of moments approach. Social Sciences & Humanities Open, 6(1), 100277. https://doi.org/10.1016/j.ssaho.2022.100277
   Google Scholar
• Mamede, R. R., & Davidsson, P. (2004, November). Entrepreneurship and economic development: How can entrepreneurial activity contribute to wealth distribution. In International conference on entrepreneurship research in Latin America (pp. 11–13).
   Google Scholar
• Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477
   Google Scholar
• Marcotte, C. (2013). Measuring entrepreneurship at the country level: A review and research agenda. Entrepreneurship & Regional Development, 25(3–4), 174–194. https://doi.org/10.1080/08985626.2012.710264
   Google Scholar
• Miah, M. M., & Majumder, S. C. (2020). An empirical investigation of the impact of FDI, export and gross domestic savings on the economic growth in Bangladesh. The Economics and Finance Letters, 7(2), 255–267. https://doi.org/10.18488/journal.29.2020.72.255.267
   Google Scholar
• Mills, G., Herbst, J., Obasanjo, O., & Davis, D. (2017). Making Africa work: A handbook. C. Hurst.
   Google Scholar
• Neumann, T. 2020. The impact of entrepreneurship on economic, social and environmental wealth and its determinants: A systematic review. Management Review Quarterly ( 2021), 71(3), 553–584. https://doi.org/10.1007/s11301-020-00193-7.
   Google Scholar
• Nguyen, M. L. T. (2022). Foreign direct investment and economic growth: The role of financial development. Cogent Business & Management, 9(1), 2127193. https://doi.org/10.1080/23311975.2022.2127193
   Google Scholar
• Nnadozie, E., & Jerome, A. (eds). (2019). African economic development (2nd) ed.). Emerald.
   Google Scholar
• Noman, A., Stiglitz, J. E., & Kanbur, R. (eds.). (2019). The Quality of Growth in Africa. Columbia University Press.
   Google Scholar
• Olaison, L., & Meier Sørensen, B. (2014). The abject of entrepreneurship: Failure, fiasco, fraud. International Journal of Entrepreneurial Behavior & Research, 20(2), 193–211. https://doi.org/10.1108/IJEBR-09-2013-0143
   Google Scholar
• Pesaran, M. H. (2015). Testing weak cross-sectional dependence in large panels. Econometric Reviews, 34(6–10), 1089–1117.
   Google Scholar
• Pettinger, T., 2017a. Productive vs allocative efficiency. Economics Help, Retrieved June 21, 2017, from, http://www.economicshelp.org/blog/2412/economics/productive-vs-allocative-efficiency;
   Google Scholar
• Pettinger, T., 2017b. Technical efficiency definition. Economics Help, Retrieved September 28, 2017, from. http://www.economicshelp.org/blog/glossary/technical-efficiency/
   Google Scholar
• Poschke, M. (2010). Who becomes an entrepreneur? Occupational choice and the firm size distribution. IZA Discussion Paper, 3816. Disponible en: http://people.mcgill.ca/files/markus.poschke/mposchke_occchoice_apr2010.pdf.
   Google Scholar
• Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. The Stata Journal, 9(1), 86–136.
   Google Scholar
• Sabirianova Peter, K., Svejnar, J., & Terrell, K. (2005). FDI spillovers and distance of firms to the frontier. Journal of the European Economic Association Papers and Proceedings, 3(2–3), 576–586. https://doi.org/10.1162/jeea.2005.3.2–3.576
   Google Scholar
• Sakyi, D., Bonuedi, I., & Opoku, E. E. O. (2018). Trade facilitation and social welfare in Africa. Journal of African Trade, 5(1–2), 35–53. https://doi.org/10.1016/j.joat.2018.08.001
   Google Scholar
• Sakyi, D., Villaverde, J., Maza, A., & Bonuedi, I. (2017). The effects of trade and trade facilitation on economic growth in Africa. African Development Review, 29(2), 350–361. https://doi.org/10.1111/1467-8268.12261
   Google Scholar
• Sautet, F. (2013). Local and systemic entrepreneurship: Solving the puzzle of entrepreneurship and economic development. Entrepreneurship Theory and Practice, 37(2), 387–402. https://doi.org/10.1111/j.1540-6520.2011.00469.x
   Google Scholar
• Sobel, R. S. (2008). Testing Baumol: Institutional quality and the productivity of entrepreneurship. Journal of Business Venturing, 23(6), 641–655. https://doi.org/10.1016/j.jbusvent.2008.01.004
   Google Scholar
• Urbano, D., Aparicio, S., & Audretsch, D. (2019a). Twenty-five years of research on institutions, entrepreneurship, and economic growth: What has been learned. Small Bus Econ, 53, 21–49. https://doi.org/10.1007/s11187-018-0038-0
   Google Scholar
• van Praag, C. M., & Versloot, P. H. (2007). What is the value of entrepreneurship? A review of recent research. Small Bus Econ, 29, 351–382. https://doi.org/10.1007/s11187-007-9074-x
   Google Scholar
• van Stel, A., Carree, M., & Thurik, R. (2005). The effect of entrepreneurial activity on national economic growth. Small Business Economics, 24(3), 311–321. https://doi.org/10.1007/s11187-005-1996-6
   Google Scholar
• Wennekers, S., & Thurik, R. (1999). Linking entrepreneurship and economic growth. Small Business Economics, 13(1), 27. https://doi.org/10.1023/A:1008063200484
   Google Scholar
• Wichers, C. R. (1975). The detection of multicollinearity: A comment (pp. 366–368). The Review of Economics and Statistics.
   Google Scholar
• Windmeijer, F. (2005). A finite sample correction for the variance of linear efficient two-step GMM estimators. Journal of Econometrics, 126(1), 25–51. https://doi.org/10.1016/j.jeconom.2004.02.005
   Google Scholar
• Wooldridge, J. M. (2001). Applications of generalized method of moments estimation. Journal of Economic Perspectives, 15(4), 87–100. https://doi.org/10.1257/jep.15.4.87
   Google Scholar
• York, R. (2012). Residualization is not the answer: Rethinking how to address multicollinearity. Social Science Research, 41(6), 1379–1386. https://doi.org/10.1016/j.ssresearch.2012.05.014
   Google Scholar
• Zhao, S. (2022). The impact of foreign direct investment on local entrepreneurship: Blessing or curse? Asia-Pacific Journal of Accounting & Economics, 1–13. https://doi.org/10.1080/16081625.2022.2092158
   Google Scholar