Entrepreneurship and regional economic growth in Antioquia: An empirical analysis

Aparicio, S.; Urbano, D.; Gómez, D.

doi:10.17811/ebl.7.2.2018.84-92

Entrepreneurship and regional economic growth in Antioquia: An empirical analysis

Aparicio, S.; Urbano, D.; Gómez, D.

Authors

S. Aparicio

D. Urbano

D. Gómez

Abstract

Drawing on the concept of entrepreneurship capital, which links collective entrepreneurial action with growth, this paper aims to explore the effect that entrepreneurship has had on the economic growth of Antioquia (Colombia). We estimate a growth model using unbalanced panel data with fixed effects for the period 2001-2012. In this study, entrepreneurship is measured as the number of new businesses and the ratio of new and discontinued companies, which have a positive impact on the economic growth of Antioquia. These results motivate a discussion about the importance of public policy in creating an environment that stimulates entrepreneurship and productive expansion; this should be maintained over time under the same social and economic purposes.

Citation

Aparicio, S., Urbano, D., & Gómez, D. (2018). Entrepreneurship and regional economic growth in Antioquia: An empirical analysis. Economics and business letters, 7(2), 84-92. https://doi.org/10.17811/ebl.7.2.2018.84-92

Journal Article Type	Article
Acceptance Date	Jul 3, 2018
Publication Date	Jun 1, 2018
Deposit Date	Jul 17, 2018
Publicly Available Date	Jul 18, 2018
Journal	Economics and business letters
Publisher	Oviedo University Press
Peer Reviewed	Peer Reviewed
Volume	7
Issue	2
Pages	84-92
DOI	https://doi.org/10.17811/ebl.7.2.2018.84-92
Public URL	https://durham-repository.worktribe.com/output/1353972
Publisher URL	https://www.unioviedo.es/reunido/index.php/EBL/article/view/12698

Files

Accepted Journal Article (689 Kb)
PDF

Copyright Statement
© Ediuno. Ediciones de la Universidad de Oviedo / Oviedo University Press This article is available under a Creative Commons Attribution-Non Commercial-Non Derives 3.0 Spain (legal text). You can copy, use, distribute, transmit and publicly display, provided that: i) you cite the author and the original source of publication (journal, publisher and URL of the work), ii) they are not used for commercial purposes, iii) mentions the existence and specifications of this license.