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首页> 外文期刊>International Journal of Economics & Management Sciences >The Effect of Entrepreneurial Activity on 2011-2015 National Economic Growth An Econometric Analysis of Global Entrepreneurship Monitor Data
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The Effect of Entrepreneurial Activity on 2011-2015 National Economic Growth An Econometric Analysis of Global Entrepreneurship Monitor Data

机译:创业活动对2011-2015全国经济增长的影响全球创业监测数据的计量计量分析

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Although it is generally agreed that entrepreneurship acts as a key determinant for economic growth, there has been a historical lack of empirical-based work on this topic. The creation of the Global Entrepreneurship Monitor (GEM), an organization that internationally collects data on entrepreneurship, provided researchers a standardized way to compare entrepreneurial activity across countries. Past literature that utilized this data offered promising insights on the effect of entrepreneurship on economic growth. However, most, if not all, of these papers were conducted only a few years after the advent of the GEM in 1999, limiting the amount of data that could be studied. Now that around two decades have passed, enough countries have participated in the GEM for multiple years to allow for an extensive time-series based analysis. With the latest GEM data, this paper investigates whether Total Entrepreneurial Activity (TEA) and its variants-opportunity, necessity, and high potential TEA-affect Gross Domestic Product (GDP) growth for a sample of 54 countries. Alternative growth-influencing variables are controlled for with the inclusion of the Growth Competitiveness Index (GCI). Out of the four types of TEA, only high potential TEA is found to have a statistically significant effect on economic growth. This finding is consistent with past literature that conducted empirical work on the GEM data and suggests that firms with high potential for growth impact the economy through job creation, increased innovation, and firm dynamics.
机译:虽然普遍认为,企业家精神作为经济增长的关键决定因素,但就本课题而言,历史缺乏实证工作。创建全球企业家监测监测措施(GEM),该组织是国际收集企业家的数据,为研究人员提供了一种标准化的方式,可以比较各国的企业家活动。过去的文献利用了这些数据,提供了对企业家精神的影响的有希望的见解。然而,大多数情况下,如果不是全部,这些论文只在1999年出现了创业板的出现后仅进行了几年,限制了可以研究的数据量。既然大约二十年过去了,足够的国家已经参加了多年的宝石,以允许广泛的基于时间系列的分析。通过最新的宝石数据,本文调查了54个国家/地区的样本的全部企业活动(茶)及其变体 - 机会,必要性和高潜在的茶叶毛额增长。通过包含生长竞争力指数(GCI)来控制替代的生长影响变量。在四种茶叶中,只发现高潜在的茶叶对经济增长有统计显着影响。这一发现与过去的文献一致,对宝石数据进行了经验工作,并提出了具有高潜力的企业通过创造就业,增加创新和牢固的动态来影响经济。

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