Entrepreneurship and advancing national level economic efficiency

Du, K and O'Connor, A 2018, 'Entrepreneurship and advancing national level economic efficiency', Small Business Economics, vol. 50, no. 1, pp. 91-111.

Document type: Journal Article
Collection: Journal Articles

Title Entrepreneurship and advancing national level economic efficiency
Author(s) Du, K
O'Connor, A
Year 2018
Journal name Small Business Economics
Volume number 50
Issue number 1
Start page 91
End page 111
Total pages 21
Publisher Springer New York LLC
Abstract We explore the channels under which entrepreneurship fosters productivity by disentangling its impact on national level economic efficiency and find that more entrepreneurship in aggregate is not always good for economic growth and, most importantly, identifying the form and activity of entrepreneurship is critical for policy-makers to better manage changes in their economies. Our national level results also suggest that the new product entrepreneurship and to a lesser extent improvement-driven opportunity entrepreneurship both significantly contribute to the improvement of national level efficiency. However, both measures would benefit from further development and it seems a higher coincidence of both is more likely to advance a nation's economic efficiency.
Subject Economic Development and Growth
Econometric and Statistical Methods
Keyword(s) Data envelopment analysis
Economic efficiency
Global entrepreneurship monitor
Improvement-driven opportunity entrepreneurship
New product entrepreneurship
DOI - identifier 10.1007/s11187-017-9904-4
Copyright notice © 2017, Springer Science+Business Media, LLC.
ISSN 0921-898X
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