Title: Linking entrepreneurship, innovation and economic growth: evidence from GEM countries

Authors: Saurabh Chadha; Nirankush Dutta

Addresses: Department of Management, Birla Institute of Technology and Science (BITS) Pilani, Pilani, Rajasthan 333031, India ' Department of Management, Birla Institute of Technology and Science (BITS) Pilani, Pilani, Rajasthan 333031, India

Abstract: Using a simple least squares regression model though analysis of cross-sectional data of the 65 world economies participating in global entrepreneurship monitor (GEM) 2016, this paper explores the role of entrepreneurship, technological innovation, entrepreneurship finance and physical infrastructure as indicators of economic growth. It was empirically found that total entrepreneurial activity (TEA), technological innovation, entrepreneurial finance and physical infrastructure are statistically significant and positively correlated with the economic growth rate of the selected GEM countries in 2016.

Keywords: GDP; gross domestic product; economic growth; innovation; entrepreneurship; infrastructure; GEM; global entrepreneurship monitor.

DOI: 10.1504/IJTE.2020.108032

International Journal of Technoentrepreneurship, 2020 Vol.4 No.1, pp.22 - 31

Received: 04 Jul 2017
Accepted: 05 Mar 2018
Published online: 02 Jul 2020 *

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