Date Added: Nov 2009
In this paper, the authors empirically investigate the effect of entrepreneurship on economic growth at the country level. They use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that they compare the effects of entrepreneurial activity on economic growth in high income, transition and low income countries. This dataset also enables to make a distinction between the effects of entrepreneurship in general and growth-oriented entrepreneurship in particular. They present empirical tests of the impact of entrepreneurial activity on GDP growth over a four year period for a sample of 36 countries.