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Governance, entrepreneurship and economic growth

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  • María-Teresa Méndez-Picazo
  • Miguel-Ángel Galindo-Martín
  • Domingo Ribeiro-Soriano

Abstract

In general terms, governance simply means how an organization is governed. It is the science of government performance and behaviour and it refers to several processes that must include historical, cultural, social and political determinants. For this reason, it is possible to establish a relationship between governance and institutions. Communities of persons, firms and institutions are essential ingredients of good governance and its analysis could be developed considering two possibilities. The first is considering the factors, such as entrepreneurship, by which government would more efficiently increase economic growth. Second is taking into account the economic results obtained by government. The primary goal of this paper is to analyze the relationship between governance, entrepreneurship and economic growth, developing an empirical analysis for the case of 11 developed countries.

Suggested Citation

  • María-Teresa Méndez-Picazo & Miguel-Ángel Galindo-Martín & Domingo Ribeiro-Soriano, 2012. "Governance, entrepreneurship and economic growth," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(9-10), pages 865-877, December.
    • Handle: RePEc:taf:entreg:v:24:y:2012:i:9-10:p:865-877
    DOI: 10.1080/08985626.2012.742323
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    2. Castaño, María-Soledad & Méndez, María-Teresa & Galindo, Miguel-Ángel, 2015. "The effect of social, cultural, and economic factors on entrepreneurship," Journal of Business Research, Elsevier, vol. 68(7), pages 1496-1500.
    3. Sotarauta, Markku & Grillitsch, Markus, 2023. "Challenges of studying agency in regional development: What did 27 review reports teach us?," Papers in Innovation Studies 2023/6, Lund University, CIRCLE - Centre for Innovation Research.
    4. David Urbano & Sebastian Aparicio & David Audretsch, 2019. "Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?," Small Business Economics, Springer, vol. 53(1), pages 21-49, June.
    5. Rey-Martí, Andrea & Ribeiro-Soriano, Domingo & Sánchez-García, José Luis, 2016. "Giving back to society: Job creation through social entrepreneurship," Journal of Business Research, Elsevier, vol. 69(6), pages 2067-2072.
    6. Pradhan, Rudra P. & Arvin, Mak B. & Nair, Mahendhiran S. & Bennett, Sara E., 2023. "Does foreign aid affect innovation and institutional quality in middle-income countries?," Evaluation and Program Planning, Elsevier, vol. 100(C).
    7. Huang, Chiung-Ju & Ho, Yuan-Hong, 2017. "Governance and economic growth in Asia," The North American Journal of Economics and Finance, Elsevier, vol. 39(C), pages 260-272.
    8. Zhai Qinghua & Su Jing & Ye Minghai & Xu Yuwen, 2019. "How Do Institutions Relate to Entrepreneurship: an Integrative Model," Entrepreneurship Research Journal, De Gruyter, vol. 9(2), pages 1-16, April.
    9. Kallab Tania El & Salloum Charbel, 2019. "Educational Attainment, Financial Support and Job Creation across Lebanese Social Entrepreneurships," Entrepreneurship Research Journal, De Gruyter, vol. 9(1), pages 1-12, January.
    10. Castaño, María Soledad & Méndez, María Teresa & Galindo, Miguel Ángel, 2016. "The effect of public policies on entrepreneurial activity and economic growth," Journal of Business Research, Elsevier, vol. 69(11), pages 5280-5285.
    11. Hu Mei & Zicheng Ma & Shiwen Jiao & Xiaoyu Chen & Xinyue Lv & Zehui Zhan, 2017. "The Sustainable Personality in Entrepreneurship: The Relationship between Big Six Personality, Entrepreneurial Self-Efficacy, and Entrepreneurial Intention in the Chinese Context," Sustainability, MDPI, vol. 9(9), pages 1-23, September.
    12. Galindo-Martín, Miguel-Ángel & Castaño-Martínez, María-Soledad & Méndez-Picazo, María-Teresa, 2021. "The role of entrepreneurship in different economic phases," Journal of Business Research, Elsevier, vol. 122(C), pages 171-179.
    13. Esa Mangeloja & Tomi Ovaska & Ryo Takashima, 2022. "Entrepreneurial choices depend on trust: Some global evidence," Journal of International Entrepreneurship, Springer, vol. 20(4), pages 564-590, December.
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    15. Asghar Afshar Jahanshahi & Alexander Brem & Amitab Bhattacharjee, 2017. "Who Takes More Sustainability-Oriented Entrepreneurial Actions? The Role of Entrepreneurs’ Values, Beliefs and Orientations," Sustainability, MDPI, vol. 9(10), pages 1-19, September.
    16. Ali Shaddady, 2022. "Is Government Spending an Important Factor in Economic Growth? Nonlinear Cubic Quantile Nexus from Eastern Europe and Central Asia (EECA)," Economies, MDPI, vol. 10(11), pages 1-26, November.
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    18. Gratiela Georgiana Noja & Mirela Cristea & Nicoleta Sirghi & Camelia-Daniela Hategan & Paolo D’Anselmi, 2019. "Promoting Good Public Governance and Environmental Support for Sustainable Economic Development," IJERPH, MDPI, vol. 16(24), pages 1-21, December.
    19. Liu, Feng & Long, Xiao & Dong, Lin & Fang, Mingjie, 2023. "What makes you entrepreneurial? Using machine learning to investigate the determinants of entrepreneurship in China," China Economic Review, Elsevier, vol. 81(C).
    20. Zhang Zhuo & Almalki Sultan Musaad O & Bashir Muhammad & Sher Khan, 2021. "Underlying the Relationship Between Governance and Economic Growth in Developed Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1314-1330, September.

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