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February 6, 2020SHILAP Revista de lepidopterologíaOpen Access

The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries

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Authors

OSOvidiu StoicaAlexandru Ioan Cuza UniversityARAngela RomanAlexandru Ioan Cuza UniversityVRValentina Diana RusuAlexandru Ioan Cuza University

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Implication

Comparative analysis examines entrepreneurship's effect on economic growth in different country groups, suggesting policy improvement.

Key Points

  • This paper investigates how various types of entrepreneurship affect economic growth differently based on a country's development stage.
  • Empirical analysis using panel data from 22 European countries over 17 years (2002–2018).
  • Countries categorized into two groups based on economic development stages.
  • Assessment of the impact of early-stage, opportunity-driven, and necessity-driven entrepreneurship on growth.
  • Opportunity-driven and early-stage entrepreneurship are significant for overall economic growth across European countries.
  • Opportunity-driven entrepreneurship has a stronger effect in transition countries, with necessity-driven entrepreneurship impacting innovation-driven countries more.
  • Different types of entrepreneurship have varying levels of influence on economic growth depending on the country's economic development stage.

Cite This Study

Stoica et al. (2020) studied this question.

synapsesocial.com/papers/69dcd1aca6f240e91f1332cchttps://doi.org/10.3390/su12031186
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