Authors
Abstract
This study examines the impact of entrepreneurship on economic growth in selected countries, using data from the 2008 addresses. The study is applicational and gathering of data is doing through attributive style. Using the Romer endogenous growth model, variables that influence the growth of entrepreneurship, along with other important variables entered into the model. Three different indicators to measure entrepreneurship, including Global Entrepreneurship Monitors indexes are used. The results of the model estimated by Ordinary Least Squares support each other for sectional data in all three indexes, that this is will strengthen consistency and accuracy of results and findings. Findings suggest significant effects of entrepreneurship on economic growth. Of course, the amount and type of impact depends on the level of countries’s per capita income. So that in countries with high per capita income, entrepreneurship has positive effects on economic growth and entrepreneurship in low income and poor countries has a negative effect.
According to the research’s results, entrepreneurship should be emphasized especially on the basis of innovation in the developed countries and is felt the need for government incentive policies to increase their participation in the economy in the form of entrepreneurship in developing countries also.
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