Cookies

We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.


Durham Research Online
You are in:

Entrepreneurship capital types and economic growth : International evidence.

Urbano, D. and Aparicio, S. (2016) 'Entrepreneurship capital types and economic growth : International evidence.', Technological forecasting and social change., 102 . pp. 34-44.

Abstract

This paper analyzes the effect of entrepreneurship capital types on economic growth. We use an augmented Cobb–Douglas production function, which introduces variables such as entrepreneurship capital into the analysis of growth as endogenous factor. We differentiate our work from the previous studies by using panel data analysis, with 43 countries in the period from 2002 to 2012, and different measures of entrepreneurship capital. Our estimations suggest that these measures have a positive effect on economic growth, specifically overall TEA and opportunity TEA. Distinguishing between groups of countries and periods of time, we find that overall TEA has a greater effect on economic growth in OECD countries and in the post-crisis period for all the countries in our sample. These results suggest new elements to both theoretical discussion and public policy focusing on entrepreneurship capital as an important factor to achieve economic growth.

Item Type:Article
Full text:(AM) Accepted Manuscript
First Live Deposit - 08 December 2017
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
Download PDF
(716Kb)
Status:Peer-reviewed
Publisher Web site:https://doi.org/10.1016/j.techfore.2015.02.018
Publisher statement:© 2015 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Record Created:08 Dec 2017 12:28
Last Modified:08 Dec 2017 15:00

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitterExport: EndNote, Zotero | BibTex
Look up in GoogleScholar | Find in a UK Library