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Entrepreneurship and economic growth: An investigation into the relationship between entrpreneurship and total factor productivity growth in the EU

机译:企业家精神与经济增长:对欧盟企业家精神与全要素生产率之间关系的调查

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摘要

Endogenous growth theory assigns an important role for entrepreneurship in the process of economic development. This paper sets to formally test the impact of entrepreneurship on economic growth. Entrepreneurship is represented by a number of proxy variables, whereas Total Factor Productivity is used as a measure of economic growth. Panel data of 26 European countries repeatedly sampled over a period of 11 years is used to estimate a Random Effects model. This study finds that entrepreneurship contributes to growth moderately. It is not, nonetheless, a dominant force shaping changes in TFP growth rates. Business Birth Rate, Self-employment Rate, Business Investment and Labour Productivity Growth were all found to be highly significant. The article concludes that more encompassing measure of entrepreneurship needs to be developed, one that would reflect the complexity of the notion.
机译:内生增长理论在经济发展过程中为企业家精神赋予了重要作用。本文旨在正式检验企业家精神对经济增长的影响。企业家精神由许多代理变量表示,而全要素生产率被用作衡量经济增长的指标。在11年内重复采样的26个欧洲国家的面板数据用于估计随机效应模型。这项研究发现,企业家精神对增长有一定贡献。但是,它并不是决定TFP增长率变化的主导力量。商业出生率,自雇率,商业投资和劳动生产率增长都被认为是非常重要的。本文的结论是,需要制定更多涵盖企业家精神的措施,这将反映出这一概念的复杂性。

著录项

  • 作者

    Dabkowski Andrzej P.;

  • 作者单位
  • 年度 2011
  • 总页数
  • 原文格式 PDF
  • 正文语种 eng
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