Abstract

The present study has investigated different facets of entrepreneurship and evaluated the relationship between the dynamics of entrepreneurship and economic growth in G-20 economies while controlling the impact of lower and higher income group economies. We have used an econometric model by pooling the cross-section of countries with time-series data on each country over the study period of 2001–2016 depending upon the availability of the dataset. Data have been taken from Global Entrepreneurship Monitor (GEM) for entrepreneurial dynamics, World Economic Forum, and IMF World Economic Outlook database. Total Entrepreneurship Activity (TEA) is used as a proxy for measuring entrepreneurial dynamics, GDP per capita (adjusted PPP) for measuring economic growth, and Growth Competitiveness index (GCI) for measuring competitiveness. We have found a significant positive relationship between entrepreneurial activities with respect to GDP, GCI, respectively. The control variable also has significant impact on entrepreneurial activities. The result of regression models has supported that competitiveness and economic growth have a significant impact on entrepreneurial dynamics in G-20 countries. Study results have suggested that there must be more advanced strategies to accelerate the growth rate and move more rapidly toward the Schumpeterian framework. Policymakers should emphasize more on promoting innovative entrepreneurial activities to achieve more economic growth and development.

摘要

本研究调查了企业家精神的不同方面，并评估了二十国集团经济中企业家精神的动态与经济增长之间的关系，同时控制了低收入和高收入群体经济体的影响。我们使用计量经济学模型，根据数据集的可用性，通过将2001-2016年研究期间每个国家的时间序列数据汇总到各个国家的横截面中。数据已从全球企业家动态（GEM），企业家动态，世界经济论坛和国际货币基金组织《世界经济展望》数据库中获取。总体创业活动（TEA）可以用来衡量企业家动态，人均GDP（调整后的PPP）来衡量经济增长，以及增长竞争力指数（GCI）来衡量竞争力。我们发现企业家活动与GDP，GCI分别存在显着的正相关关系。控制变量对创业活动也有重大影响。回归模型的结果表明，竞争力和经济增长对20国集团（G-20）国家的企业动力具有重大影响。研究结果表明，必须有更先进的策略来加快增长率并更快地朝熊彼特式框架迈进。政策制定者应更多地强调促进创新型企业活动，以实现更多的经济增长和发展。回归模型的结果表明，竞争力和经济增长对20国集团（G-20）国家的企业动力具有重大影响。研究结果表明，必须有更先进的策略来加快增长率并更快地朝熊彼特式框架迈进。政策制定者应更多地强调促进创新型企业活动，以实现更多的经济增长和发展。回归模型的结果表明，竞争力和经济增长对20国集团（G-20）国家的企业动力具有重大影响。研究结果表明，必须有更先进的策略来加快增长率并更快地朝熊彼特式框架迈进。政策制定者应更多地强调促进创新型企业活动，以实现更多的经济增长和发展。