Please use this identifier to cite or link to this item:
|Title:||Entrepreneurship, innovation and economic growth: Evidence from GEM data||Authors:||Wong, P.K.
|Issue Date:||2005||Citation:||Wong, P.K., Ho, Y.P., Autio, E. (2005). Entrepreneurship, innovation and economic growth: Evidence from GEM data. Small Business Economics 24 (3) : 335-350. ScholarBank@NUS Repository. https://doi.org/10.1007/s11187-005-2000-1||Abstract:||Studies on the impact of technological innovation on growth have been largely mute on the role of new firm formation. Using cross-sectional data on the 37 countries participating in GEM 2002, this paper uses an augmented Cobb-Douglas production to explore firm formation and technological innovation as separate determinants of growth. One area of interest is the contrast between different types of entrepreneurial activities as measured using GEM Total Entrepreneurial Activity (TEA) rates - high growth potential TEA, necessity TEA, opportunity TEA and overall TEA. Of the four types of entrepreneurship, only high growth potential entrepreneurship is found to have a significant impact on economic growth. This finding is consistent with extant findings in the literature that it is fast growing new firms, not new firms in general, that accounted for most of the new job creation by small and medium enterprises in advanced countries. © Springer 2005.||Source Title:||Small Business Economics||URI:||http://scholarbank.nus.edu.sg/handle/10635/44403||ISSN:||0921898X||DOI:||10.1007/s11187-005-2000-1|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Sep 29, 2022
WEB OF SCIENCETM
checked on Sep 21, 2022
checked on Sep 22, 2022
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.