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Entrepreneurship and Economic Growth: An Obvious Conjunction?

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  • Marcus DEJARDIN

    (FUNDP)

Abstract

This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect the individual arbitrage between different professional occupations (including entrepreneurship) and expected payoffs. The second question is concerned with the types of activities to which the individual directs his talents. We distinguish between entrepreneurship and rent-seeking. The impact on economic growth is assessed in static and dynamic frameworks.

Suggested Citation

  • Marcus DEJARDIN, 2001. "Entrepreneurship and Economic Growth: An Obvious Conjunction?," Development and Comp Systems 0110010, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0110010
    Note: Type of Document - Pdf; pages: 17 . Introductory Discussion Paper Ref. IDS DP 2000-08, Indiana University, Bloomington.
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    13. Baland, Jean-Marie & Francois, Patrick, 2000. "Rent-seeking and resource booms," Journal of Development Economics, Elsevier, vol. 61(2), pages 527-542, April.
    14. Dutz, Mark A. & Ordover, Janusz A. & Willig, Robert D., 2000. "Entrepreneurship, access policy and economic development: Lessons from industrial organization," European Economic Review, Elsevier, vol. 44(4-6), pages 739-747, May.
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    Cited by:

    1. VAZQUEZ-ROZAS, Emilia & GOMES, Sofia & VIEIRA, Elvira, 2010. "Entrepreneurship And Economic Growth In Spanish And Portuguese Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    2. Elena Druica & Ana-Maria Grigore, 2017. "Fixed effects models to assess the effectiveness of entrepreneurial diversification strategy in SMEs," Romanian Statistical Review, Romanian Statistical Review, vol. 65(1), pages 39-55, March.
    3. Wim Naudé, 2010. "Entrepreneurship, developing countries, and development economics: new approaches and insights," Small Business Economics, Springer, vol. 34(1), pages 1-12, January.
    4. Andrzej P. Dabkowski, 2011. "Entrepreneurship and Economic Growth: An Investigation into the Relationship between Entrepreneurship and Total Factor Productivity Growth in the EU," CASE Network Studies and Analyses 427, CASE-Center for Social and Economic Research.
    5. Jacques Ascher, 2012. "Female Entrepreneurship – An Appropriate Response to Gender Discrimination," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(4), pages 97-114.
    6. Szerb, László & Ulbert, József & Varga, Attila & Bodor, Éva & Acs, Zoltan J., 2004. "Az új vállalkozások hatásai nemzetközi összehasonlításban. A Global Entrepreneurship Monitor kutatás, 2001-2003 [The effect of new ventures compared internationally]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 679-698.
    7. Ovidiu Stoica & Angela Roman & Valentina Diana Rusu, 2020. "The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
    8. Islem Khefacha & Lotfi Belkacem, 2016. "Technology-based ventures and sustainable development: Cointegrating and causal relationships with a panel data approach," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(2), pages 192-212, March.
    9. Chen, Chih Cheng, 2014. "Entrepreneurship, Economic Growth, And Employment : A Case Study Of Taiwan," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 55(1), pages 71-88, June.
    10. Boudreaux, Christopher & Caudill, Steven, 2019. "Entrepreneurship, Institutions, and Economic Growth: Does the Level of Development Matter?," MPRA Paper 94244, University Library of Munich, Germany.
    11. Tang, John P., 2014. "Railroad Expansion and Industrialization: Evidence from Meiji Japan," The Journal of Economic History, Cambridge University Press, vol. 74(3), pages 863-886, September.
    12. Ana-Maria Grigore & Irina-Maria Dragan, 2015. "Entrepreneurship and its Economical Value in a very Dynamic Business Environment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 120-120, February.
    13. Yilmaz Bayar & Marius Dan Gavriletea & Zeki Ucar, 2018. "Financial Sector Development, Openness, and Entrepreneurship: Panel Regression Analysis," Sustainability, MDPI, vol. 10(10), pages 1-11, September.
    14. Naudé, Wim, 2011. "Entrepreneurship is Not a Binding Constraint on Growth and Development in the Poorest Countries," World Development, Elsevier, vol. 39(1), pages 33-44, January.
    15. Aparicio, Sebastian & Urbano, David & Audretsch, David, 2016. "Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 45-61.
    16. María J. Alonso-Nuez & Carmen Galve-Górriz, 2012. "The Impact Of Public Programs On The Survival And Profits Of Startups: Evidence From A Region Of Spain," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 17(02), pages 1-23.
    17. Pene Zongabiro Nina Pelagie, 2014. "The Contribution of Village Palm Grove to the Cameroonian Rural Economic Development," Research in World Economy, Research in World Economy, Sciedu Press, vol. 5(2), pages 159-168, September.
    18. Naudé, Wim, 2011. "Entrepreneurship is Not a Binding Constraint on Growth and Development in the Poorest Countries," World Development, Elsevier, vol. 39(1), pages 33-44, January.
    19. repec:csg:ajrcwp:02 is not listed on IDEAS
    20. Edwin Bbenkele & L. Madikiza, 2016. "Envisioning Public Sector Pathways: Gauteng as an Entrepreneurial Province in South Africa," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 2(2), pages 91-108, July.
    21. David Audretsch & Matthias Bank & Martin Carree & Marcus Dejardin & Julie Elston & Harmut Fest & Andre Jungmittag & Georg Licht & Gerald Mcdermott & Margaret Polski & Scott Shane & Paul Welfens & Juer, 2002. "The New Economy in Germany and the United States: Policy Challenges and Solutions," Working Papers halshs-00721657, HAL.
    22. Abubakar Sadiq Kasum & Umar Gunu, 2017. "Entrepreneurship in Underdeveloped Economies: A Study of Nigeria (Przedsiebiorczosc w gospodarkach slabo rozwinietych na przykladzie Nigerii)," Research Reports, University of Warsaw, Faculty of Management, vol. 1(23), pages 48-61.
    23. Fahad Nasser F. Alarjani & Bilal Anwar & Hassan Danial Aslam & Shahid Iqbal & Arslan Ayub, 2020. "A Moderated Mediation Model of Entrepreneurial Self-Efficacy, Institutional Environment, and Entrepreneurial Orientation for SME Development," SAGE Open, , vol. 10(3), pages 21582440209, July.
    24. Emilia Vázquez & Sofia Gomes & Elvira Vieira, 2011. "Entrepreneurship and Economic Growth in Spanish and Portuguese Regions," ERSA conference papers ersa10p1537, European Regional Science Association.

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    More about this item

    Keywords

    entrepreneurship; economic growth; rent-seeking;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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