英文标题:
《Entrepreneurship, Institutions, and Economic Growth: Does the Level of
Development Matter?》
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作者:
Christopher J. Boudreaux
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最新提交年份:
2019
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英文摘要:
Entrepreneurship is often touted for its ability to generate economic growth. Through the creative-destructive process, entrepreneurs are often able to innovate and outperform incumbent organizations, all of which is supposed to lead to higher employment and economic growth. Although some empirical evidence supports this logic, it has also been the subject of recent criticisms. Specifically, entrepreneurship does not lead to growth in developing countries; it only does in more developed countries with higher income levels. Using Global Entrepreneurship Monitor data for a panel of 83 countries from 2002 to 2014, we examine the contribution of entrepreneurship towards economic growth. Our evidence validates earlier studies findings but also exposes previously undiscovered findings. That is, we find that entrepreneurship encourages economic growth but not in developing countries. In addition, our evidence finds that the institutional environment of the country, as measured by GEM Entrepreneurial Framework Conditions, only contributes to economic growth in more developed countries but not in developing countries. These findings have important policy implications. Namely, our evidence contradicts policy proposals that suggest entrepreneurship and the adoption of pro-market institutions that support it to encourage economic growth in developing countries. Our evidence suggests these policy proposals will be unlikely to generate the economic growth desired.
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中文摘要:
创业经常被吹捧为能够促进经济增长。通过创造性的破坏性过程,企业家往往能够创新并超越现有组织,所有这些都应该带来更高的就业和经济增长。虽然一些经验证据支持这一逻辑,但这也是最近批评的主题。具体而言,创业精神不会导致发展中国家的增长;只有在收入水平较高的较发达国家才会这样做。利用2002年至2014年83个国家的全球创业监测数据,我们考察了创业对经济增长的贡献。我们的证据证实了早期的研究结果,但也暴露了以前未发现的结果。也就是说,我们发现创业精神鼓励了经济增长,但在发展中国家却没有。此外,我们的证据发现,按照创业板创业框架条件衡量,该国的制度环境只会促进较发达国家的经济增长,而不会促进发展中国家的经济增长。这些发现具有重要的政策意义。也就是说,我们的证据与建议创业和采用支持创业的亲市场机构来鼓励发展中国家经济增长的政策建议相矛盾。我们的证据表明,这些政策建议不太可能产生预期的经济增长。
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分类信息:
一级分类:Economics 经济学
二级分类:General Economics 一般经济学
分类描述:General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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