Impact of Entrepreneurship on Exports in Developing Countries

Entrepreneurship plays an important role in shaping a country’s economy, particularly in developing countries where it has an effect on export performance. Entrepreneurship fosters innovation, identifies new market opportunities, and improves productivity, which helps in expanding exports. This study investigates the impact of entrepreneurship on exports in developing countries. For this purpose, panel data has been taken from the year 2001 to 2020. Generalized method of moments (GMM), Fixed effect (FE), and First difference methods have been used to analyze the impact of entrepreneurship on exports. The empirical results reveal the significant and positive effects of entrepreneurship on exports in developing countries. However, in lower-middle-income countries, the results are mixed. For upper-middle income countries, the results are positive and significant. The results of the study suggest that policymakers need to work on improvement and more investment in entrepreneurship in order to boost exports.