Abstract This paper examines the effects of entrepreneurship on growth and employment in GCC countries during the period 2006–2019. The fixed and random effects suggest that the development of entrepreneurship is associated with higher economic growth. In addition, the results indicate that other variables, such as employment, trade openness, and foreign direct investment, are key factors influencing economic growth. The findings also reveal the existence of a positive relationship between entrepreneurship and employment in GCC countries. Specifically, the estimates indicate that economic growth, trade openness, and foreign direct investment are positively linked to employment. These findings have been confirmed using the Ordinary Least Squares, Feasible Generalized Least Squares, and Panel-Corrected Standard Errors techniques. The study concludes the importance for decision-makers in GCC region to implement measures that aim to promote entrepreneurship to boost growth and employment.
Zmami et al. (Wed,) studied this question.