Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment

Urbano, David; Audretsch, David B.; Aparicio, Sebastián; Noguera, María

doi:10.1007/s11365-019-00621-5

Cited by 138 publications

(109 citation statements)

References 151 publications

(233 reference statements)

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“…The results of their study suggest that brand equity will play a vital and important role in the future growth of China whereas proper attention should be devoted to it in terms of policy and regulation. Urbano et al conducted their research to determine the relationship of entrepreneurial activities and role of institution in combined output for countries which are in developing phase [31]. They used the sample of 14 countries having 78 observations and by taking the data between 2004 to 2012.…”

Section: The Analysis Of Chinese-style Innovation Characteristicsmentioning

confidence: 99%

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

et al. 2020

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Innovation is the powerful headspring that makes the economy and society continue with sustainable development, and how to innovate is a current research issue all over the world. The purposes of this research are to examine Chinese-style innovations and to analyze the influence of Chinese-style innovation on the international market in the current economic times. From multiple perspectives of institutional innovation as well as scientific and technological innovation, the content, characteristics and connotation of Chinese-style innovation are comprehensively expounded and analyzed through the collection, combination and exploration of innovation, especially in Chinese-style innovation literature and interviews with relevant scholars, experts and enterprises. Then, the fit of Chinese-style innovation and characteristics of the new economic era are systematically described. Based on the exploration of international repercussions of Chinese-style innovation from both macro and micro aspects, the mechanism of Chinese-style innovation's influence on China's international market is also analyzed. In China, the underlying concept has not been well investigated before, therefore there is a gap in which to do research in this area. In accordance with the current research, a conceptual model for the new economic era, Chinese-style innovation and China's international repercussions is established. This study finds that the influence of Chinese companies in research and development has significantly improved, the all-round and multi-domain pattern of Chinese enterprises' overseas development has gradually taken shape, Chinese companies' overseas social responsibility is growing, the overseas competitiveness of Chinese companies has gradually increased, the overall strength of China's science and technology has gradually gained international recognition and its international repercussions have improved significantly.

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Section: The Analysis Of Chinese-style Innovation Characteristicsmentioning

confidence: 99%

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

et al. 2020

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“…For example, it would be supportive to consider variables at the city level, such as crime rates, air pollution, unofficial companies, etc. Secondly, we used secondary data for the 2015-2018 period; subsequent studies should focus on a wider time span to achieve long-term analyses, in which dynamic effects may also illustrate the different or similar responses of entrepreneurship when institutional factors change in developing countries [106]. Thirdly, future research may extend the analysis to cross-country comparisons, such as examining other regions in the Arab Gulf.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Cultural Antecedents of Green Entrepreneurship in Saudi Arabia: An Institutional Approach

2020

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Recent decades have brought cultural changes toward the increase of environmentally-friendly initiatives such as green entrepreneurship. Some countries are failing to develop environmental initiatives, whereas others are transitioning and advancing toward this new trend. In particular, Saudi Arabia has initiated efforts toward becoming an ecologically-friendly society. Motivated by this, we explore whether cultural characteristics are associated with green entrepreneurship in Saudi Arabia. Institutional economics is adopted to frame our hypotheses and analysis. The hypothesized relationships were empirically tested in a sample of 84 observations from 21 cities during the period 2015–2018. Data were collected from reports by the Saudi General Authority and analyzed through regression models. The main results show that cultural characteristics, such as environmental actions, environmental consciousness, and temporal orientation, increase the level of green entrepreneurial activity across cities in Saudi Arabia. The findings of this study contribute to existing knowledge on green entrepreneurship, as well as to the discussion of implications for policy and practice related to environmentally-friendly productive activities.

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“…On the other hand, Urbano, Audretsch, Aparicio, and Noguera [38] found a positive influence on economic growth in developing countries from two institutional factors of entrepreneurial activity: communication, that involves developing networks, and financial assistance. Both elements are significant efforts that the PA implementation had been developing to achieve its goals.…”

Section: Pa and Entrepreneurs' Growth Aspirationsmentioning

confidence: 99%

“…Table 4 shows an overview of entrepreneurship in the PA countries based on some of the relevant indices of the 2017 GEM World Report. (38) Note: The number in parentheses indicates the position occupied by the country based on the GEM study, which includes 54 countries. Source: Global Entrepreneurship Monitor.…”

Section: Pillar Descriptionmentioning

confidence: 99%

“…This goal could be accomplished through education and the provision of the necessary accompaniments to allow these individuals to take advantage of environmental factors that create opportunities for initiatives in these countries. Clearly, one of the important factors that determines high growth aspirations is exports [38]; however, only a slight growth in exports of more than half of the supply versus a significant increase in non-exports of entrepreneurs occurs as the implementation of the PA is developed. Therefore, within the PA, all efforts that allow entrepreneurs to increase the percentages of their offers that are sold abroad should be fine-tuned.…”

Section: Conclusion Implications and Future Researchmentioning

confidence: 99%

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High-Growth Aspirations of Entrepreneurs in Latin America: Do Alliances Matter?

2020

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This study considers how the formation and implementation strategies of a Latin America alliance between four of the best economic performance countries in the region have impacted the quality of entrepreneurship in these countries. To this end, we studied the Pacific Alliance (PA) and employed an ordered probit model with sample selection bias and statistical information from the Global Entrepreneurship Monitor (GEM) database for the 2012–2017 period. As a dependent variable, we used the growth aspiration of entrepreneurs as a proxy to measure the future growth of the company, from which a possible economic impact could be inferred. The evidence shows that during the implementation period of the PA, there is a positive impact on entrepreneur growth aspirations in member countries; the likelihood that entrepreneurs have high-growth aspirations is found to be greater during and after the implementation period than before the signing of the PA. Likewise, it was found that motivation, gender, education, skills, innovation (as perceived by the entrepreneur), export level, two pillars of the global competitiveness index (GCI), and the gross domestic product (GDP) growth rate explain the growth aspirations of entrepreneurs in the member countries during the period under study.

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Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment

Cited by 138 publications

References 151 publications

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

Cultural Antecedents of Green Entrepreneurship in Saudi Arabia: An Institutional Approach

High-Growth Aspirations of Entrepreneurs in Latin America: Do Alliances Matter?

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