Abstract
We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth. To do this, we build on the concept of National Systems of Entrepreneurship (NSE) as resource allocation systems that combine institutions and human agency into an interdependent system of complementarities. We explore the empirical relevance of these ideas using data from a representative global survey and institutional sources for 46 countries over the period 2002–2011. We find support for the role of the entrepreneurial ecosystem in economic growth.
| Original language | English |
|---|---|
| Pages (from-to) | 501-514 |
| Number of pages | 14 |
| Journal | Small Business Economics |
| Volume | 51 |
| Issue number | 2 |
| Early online date | 6 Mar 2018 |
| DOIs | |
| Publication status | Published - 1 Aug 2018 |
Bibliographical note
© The Author(s) 2018. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.Keywords
- Economic growth
- Ecosystem
- Efficiency
- Entrepreneurship
- GEI
- GEM
- Solow residual
- Technology