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Start-ups as drivers of economic growth

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  • Ressin, Marat

Abstract

The purpose of this study is to determine the relationships between the implementation of start-ups and the dynamics of the main characteristics of national economic growth. In developing the methodological design of the study, a quantitative approach was used, which allowed realizing the advantages of the integrated use of correlation and regression analysis, analysis of trend models and general scientific methods of knowledge to analyze the time series model and prove the following hypotheses on the example of the economies of Canada, China, and South Korea. Н1: An increase in the number of start-ups has a positive impact on the sustainable development of the social sphere. Н2: More start-ups have a positive impact on the sustainable development of the economy. Н3: More start-ups have a positive impact on the sustainable development of the green society; Н4: The increase in the number of start-ups has a positive effect on the development of the institutional sphere. The study results substantiate a strong direct correlation between the implementation of start-ups and the achievement of the UN SDGs (Sustainable Development Goals), with a link proven not only for economic, but also for social, environmental, and institutional SDGs, which increases the importance of start-ups for achieving sustainable development in territories.

Suggested Citation

  • Ressin, Marat, 2022. "Start-ups as drivers of economic growth," Research in Economics, Elsevier, vol. 76(4), pages 345-354.
    • Handle: RePEc:eee:reecon:v:76:y:2022:i:4:p:345-354
    DOI: 10.1016/j.rie.2022.08.003
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    References listed on IDEAS

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    1. Sierdjan Koster & André Stel & Mickey Folkeringa, 2012. "Start-ups as drivers of market mobility: an analysis at the region–sector level for The Netherlands," Small Business Economics, Springer, vol. 39(3), pages 575-585, October.
    2. Emidio Gressler Teixeira & Gilnei Luiz de Moura & Luis Felipe Dias Lopes & Diego Antônio Bittencourt Marconatto & Adalberto Américo Fischmann, 2021. "The influence of dynamic capabilities on startup growth," RAUSP Management Journal, Emerald Group Publishing Limited, vol. 56(1), pages 88-108, March.
    3. Marco Cantamessa & Valentina Gatteschi & Guido Perboli & Mariangela Rosano, 2018. "Startups’ Roads to Failure," Sustainability, MDPI, vol. 10(7), pages 1-19, July.
    4. Axèle Giroud & Inge Ivarsson, 2020. "World Investment Report 2020: International production beyond the pandemic," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 465-468, December.
    5. Stavros Kalogiannidis & Fotios Chatzitheodoridis, 2021. "Impact of Covid-19 in the European Start-ups Business and the Idea to Re-energise the Economy," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(2), pages 55-61, April.
    6. Carlos Díaz-Santamaría & Jacques Bulchand-Gidumal, 2021. "Econometric Estimation of the Factors That Influence Startup Success," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
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    Cited by:

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    2. Marat Ressin, 2024. "Small business development in stabilizing Alberta’s economy (Canada)," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.

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