Export-Driven New Ventures And Economic Growth

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Executive Summary

In this paper the relationship between a country's prevalence of new ventures and its rate of economic growth is investigated, while distinguishing between export-oriented new ventures and domestic new ventures. It is generally acknowledged that new venture creation as well as export activity may both be important strategies for achieving national economic growth. However, to the knowledge no attempt has been made to empirically investigate the role of export-driven new ventures in economic growth. The authors focus on the national level and use data for a sample of 36 countries that participated in the Global Entrepreneurship Monitor in 2002.

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