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Entrepreneurship, Financial De Eneurship, Financial Development And E Elopment And Economic Gr Conomic Growth

Author

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  • Mohsen Mohammadi Khyareh

    (Gonbad Kavous University, Gonbad Kavous, Iran)

Abstract

This study adds to the current body of research on economic growth by demonstrating how the interplay between financial development and entrepreneurship fosters economic advancement. By utilizing the two-step Generalized Moment Method (GMM), we have identified three primary outcomes. Firstly, entrepreneurship has a beneficial influence on economic growth. Secondly, financial development has a conditional effect that stimulates economic growth. Lastly, the combined effect of entrepreneurship and financial development on economic growth is largely positive, suggesting that financial development can amplify the already positive but weak entrepreneurship’s influence on economic growth. The research investigation also delves into the empirical significance and policy implications of these findings.

Suggested Citation

  • Mohsen Mohammadi Khyareh, 2023. "Entrepreneurship, Financial De Eneurship, Financial Development And E Elopment And Economic Gr Conomic Growth," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(3), pages 469-490, September.
    • Handle: RePEc:idn:journl:v:26:y:2023:i:3d:p:469-490
    DOI: https://doi.org/10.59091/2460-9196.2127
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    More about this item

    Keywords

    Financial development; Entrepreneurship; Economic growth; GEM;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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