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Entrepreneurial activity and economic growth

Author

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  • Maria Minniti

Abstract

The purpose of this paper is to show the importance of entrepreneurial activity for economic growth. Entrepreneurs are individuals who perceive and exploit profit opportunities. Every time an entrepreneur fills an existing niche in the market, he mobilises resources. This produces the conditions for new markets to develop and, as a consequence, new entrepreneurial opportunities are created. Thus, I argue, entrepreneurs are catalysts of economic growth for the entire economy. If, as I claim, entrepreneurship creates a network externality that promotes the creation of new markets, then each individual entrepreneurial action has a more than proportional impact on economic growth.

Suggested Citation

  • Maria Minniti, 1999. "Entrepreneurial activity and economic growth," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 1(1), pages 31-42.
    • Handle: RePEc:ids:gbusec:v:1:y:1999:i:1:p:31-42
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    Citations

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    Cited by:

    1. Radu Ioan Åžimandan, 2015. "Free to Enterprise : Economic Freedom and Entrepreneurship In Romania," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(56), pages 87-100, June,.
    2. Gonzalo Olcina & Elena Mas Tur & Luisa Escriche, 2017. "Entrepreneurs, culture and productivity," Discussion Papers in Economic Behaviour 0117, University of Valencia, ERI-CES.
    3. Maribel Mojica & Tesfa Gebremedhin & Peter Schaeffer, 2009. "An Empirical Analysis of the Link between Entrepreneurship and Economic Growth in West Virginia," Working Papers Working Paper 2009-02, Regional Research Institute, West Virginia University.
    4. Bradley K. Hobbs & Mushfiq Swaleheen, 2014. "Entrepreneurial starts: nature or nurture?," Chapters, in: Robert F. Salvino Jr. & Michael T. Tasto & Gregory M. Randolph (ed.), Entrepreneurial Action, Public Policy, and Economic Outcomes, chapter 5, pages 83-99, Edward Elgar Publishing.
    5. Minniti Maria & Koppl Roger, 1999. "The Unintended Consequences of Entrepreneurship," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 9(4), pages 567-586, December.
    6. Minniti Maria & Koppl Roger, 1000. "The Unintended Consequences of Entrepreneurship," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 9(4), pages 1-22, December.
    7. Gregory M. Randolph, 2014. "Institutions and entrepreneurial productivity in the American states," Chapters, in: Robert F. Salvino Jr. & Michael T. Tasto & Gregory M. Randolph (ed.), Entrepreneurial Action, Public Policy, and Economic Outcomes, chapter 6, pages 100-116, Edward Elgar Publishing.
    8. G. Olcina & E. M. Tur & L. Escriche, 2020. "Cultural transmission and persistence of entrepreneurship," Small Business Economics, Springer, vol. 54(1), pages 155-172, January.
    9. Folorunsho M. Ajide & James T. Dada, 2023. "Poverty, entrepreneurship, and economic growth in Africa," Poverty & Public Policy, John Wiley & Sons, vol. 15(2), pages 199-226, June.
    10. Tomi Ovaska & Russell S. Sobel, 2005. "Entrepreneurship in Post-Socialist Economies," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 8-28.
    11. Antonio Lecuna, 2014. "Corruption and bureaucracy in entrepreneurship," Serie Working Papers 17, Universidad del Desarrollo, School of Business and Economics, revised Dec 2014.
    12. Hadi S. Alhorr & Curt B. Moore & G. Tyge Payne, 2008. "The Impact of Economic Integration on Cross–Border Venture Capital Investments: Evidence from the European Union," Entrepreneurship Theory and Practice, , vol. 32(5), pages 897-917, September.

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