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Macroeconomic Effects of Entrepreneurship from an International Perspective

Author

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  • Renata Dana Nițu-Antonie

    (Marketing and International Economic Relations Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania)

  • Emőke-Szidónia Feder

    (Marketing and International Economic Relations Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania)

  • Valentin Partenie Munteanu

    (Management Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania)

Abstract

At the panel level, formed of 33 European economies based on resource efficiency enhancers or innovation-driven factors, the present study followed causal relationships between the conditions of economic efficiency ensuring framework and different macroeconomic effects of entrepreneurship, mediated by the entrepreneurial behavior, with delays up to five years. Research findings highlighted that a national efficiency enhancing framework acts as stimulant for the entrepreneurial behavior of nascent entrepreneurs and new small and medium-sized business owners, while a superior level of entrepreneurial behavior generates simultaneous and/or medium-term favorable effects on the growth of gross domestic product, exports, imports and employment, therefore assuring, besides immediate growth, sustainable economic and social progress in the analyzed countries. The causal relationships identified are consistent with the results of other empirical studies in the field.

Suggested Citation

  • Renata Dana Nițu-Antonie & Emőke-Szidónia Feder & Valentin Partenie Munteanu, 2017. "Macroeconomic Effects of Entrepreneurship from an International Perspective," Sustainability, MDPI, vol. 9(7), pages 1-21, July.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:7:p:1159-:d:103489
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    References listed on IDEAS

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    2. Nasrin Rostami & Mohsen Mohammadi Khyareh & Reza Mazhari, 2019. "Competitiveness, Entrepreneurship, And Economic Performance: Evidence From Factor-, Efficiency-, And Innovation-Driven Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(221), pages 33-64, April – J.
    3. Octavian Dospinescu & Nicoleta Dospinescu, 2020. "Workaholism in IT: An Analysis of the Influence Factors," Administrative Sciences, MDPI, vol. 10(4), pages 1-12, November.
    4. Lukman Raimi & Hassan Yusuf, 2020. "A Critical Discourse of EI and CA in Emerging Economies: The Place of Nigeria Within the Global Innovation Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 6(2), pages 295-314, July.
    5. Valentina Diana Rusu & Angela Roman, 2017. "Entrepreneurial Activity in the EU: An Empirical Evaluation of Its Determinants," Sustainability, MDPI, vol. 9(10), pages 1-16, September.

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