Title: Exploring the linkages between entrepreneurship, governance, and economic growth: a longitudinal context-based study

Authors: Amaan Ullah; Abu Kasim; Mohd Yasir Arafat; Nawab Ali Khan; Saurabh Kumar

Addresses: Aligarh Muslim University, Aligarh, 202002, India ' Aligarh Muslim University, Aligarh, 202002, India ' Division of Research and Development, Lovely Professional University, Phagwara-144411, Punjab, India ' Aligarh Muslim University, Aligarh, 202002, India ' Swarrnim Startup and Innovation University, Vill. Bhoyan Rathod, Opposite IFFCO, Near ONGC WSS, Adalaj Kalol Highway Gandhi Nagar – 382420, Gujarat, Gandhi Nagar, India

Abstract: Entrepreneurship needs strong governmental support to positively impact the overall economic prosperity. There exists a need to understand and explore the relations among the entrepreneurship and its various institutional determinants as the literature is still in the nascent stage specifically for the emerging economies. Therefore, the present study aims to explore this nexus in the context of the Indian economy. The study uses a 20 years data set from to 2002-2021, procured from the leading database repositories, the global entrepreneurship monitor (GEM) and the World Bank's World Development Indicators (WDI). The study uses regression and moderation analysis to test the formulated hypothesis. The findings suggest that entrepreneurship does not significantly influence economic growth. However, governance directly affects economic growth, although it does not act as a moderator in the link between entrepreneurship and economic growth. The study concludes by suggesting measures to enhance the positive effects of entrepreneurship on economic growth in different dimensions.

Keywords: entrepreneurship; economic growth; governance; moderation analysis; GEM database; emerging economies; India.

DOI: 10.1504/IJSTM.2024.145227

International Journal of Services Technology and Management, 2024 Vol.29 No.2/3/4, pp.261 - 273

Received: 24 Dec 2023
Accepted: 03 May 2024
Published online: 28 Mar 2025 *