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ENTREPRENEURSHIP AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS

HÉCTOR SALGADO-BANDA

Dirección General de Investigación Económica, Banco de México, 5 de Mayo # 18, 4to. Piso, Col. Centro México DF, CP 06059, Mexico

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https://doi.org/10.1142/S1084946707000538Cited by:34 (Source: Crossref)

Abstract

This study examines the impact of entrepreneurship on economic growth by using a new variable based on patent data to proxy for productive entrepreneurship. Data on self-employment is used as an alternative proxy. The study considers 22 OECD countries and finds a positive relationship between the proposed measure of productive entrepreneurship — degree of innovativeness of different nations — and economic growth, while the alternative measure, based on self-employment, appears to be negatively correlated with economic growth. A battery of econometric specifications and techniques backs the findings.

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