Do public governance and the depth of financial intermediation impact the entrepreneurship–growth relationship? Online publication date: Wed, 20-Apr-2011
by Niranjan Chipalkatti, Meenakshi Rishi
International Journal of Social Entrepreneurship and Innovation (IJSEI), Vol. 1, No. 1, 2011
Abstract: The literature on entrepreneurship suggests that the impact of entrepreneurial activity on economic growth varies with the stage of economic development of a country. While entrepreneurial activity is positively associated with economic growth in rich countries, it has a negative effect poor countries. Our paper explores this implication by examining the association between entrepreneurial activity and economic growth for a sample of countries. Our econometric investigation suggests inadequate depth and development of the financial sector reduce the growth-enhancing impact of entrepreneurial activities. Surprisingly, the existence of corruption does not impede the beneficial impact of entrepreneurial activity on growth in our data set.
Online publication date: Wed, 20-Apr-2011
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