2018
DOI: 10.17811/ebl.7.2.2018.84-92
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Entrepreneurship and regional economic growth in Antioquia: An empirical analysis

Abstract: Drawing on the concept of entrepreneurship capital, which links collective entrepreneurial action with growth, this paper aims to explore the effect that entrepreneurship has had on the economic growth of Antioquia (Colombia). We estimate a growth model using unbalanced panel data with fixed effects for the period 2001-2012. In this study, entrepreneurship is measured as the number of new businesses and the ratio of new and discontinued companies, which have a positive impact on the economic growth of Antioqui… Show more

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Cited by 11 publications
(7 citation statements)
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References 39 publications
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“…The relationship and influence of entrepreneurship on economic growth gets more interesting and important for researchers and decision makers to test continuously, (Kreft and Sobel, 2003;Armijos and Johnson, 2016;World Bank, 2016;Christian et al, 2017;Ferreira et al, 2017;OECD, 2018;Bjørnskov and Foss, 2018;Doran et al, 2018;Windapo, 2018). Currently, there are many acknowledgements that entrepreneurship serves to be the main driving factor of economic growth and development, (Coscia et al, 2017;GEM, 2018;Aparicio and Urbano, 2018;Beugelsdijk et al, 2018;Doran et al, 2018;Dumitru and Dumitru, 2018;Ogunlana, 2018;Tomak, 2018). Entrepreneurship plays even more important role in income and economic transformation process, supporting economic development, overcoming crisis, and alleviating poverty, unemployment, and inequality, (Prasetyo, 2008;Isenberg, 2014;Karadag, 2016;GEM, 2018;Sheila and Arinze, 2017;Bello et al, 2018;Kareem, 2018;Ogunlana, 2018;Naushad et al, 2018;and Tahir et al, 2018).…”
Section: Introductionmentioning
confidence: 99%
“…The relationship and influence of entrepreneurship on economic growth gets more interesting and important for researchers and decision makers to test continuously, (Kreft and Sobel, 2003;Armijos and Johnson, 2016;World Bank, 2016;Christian et al, 2017;Ferreira et al, 2017;OECD, 2018;Bjørnskov and Foss, 2018;Doran et al, 2018;Windapo, 2018). Currently, there are many acknowledgements that entrepreneurship serves to be the main driving factor of economic growth and development, (Coscia et al, 2017;GEM, 2018;Aparicio and Urbano, 2018;Beugelsdijk et al, 2018;Doran et al, 2018;Dumitru and Dumitru, 2018;Ogunlana, 2018;Tomak, 2018). Entrepreneurship plays even more important role in income and economic transformation process, supporting economic development, overcoming crisis, and alleviating poverty, unemployment, and inequality, (Prasetyo, 2008;Isenberg, 2014;Karadag, 2016;GEM, 2018;Sheila and Arinze, 2017;Bello et al, 2018;Kareem, 2018;Ogunlana, 2018;Naushad et al, 2018;and Tahir et al, 2018).…”
Section: Introductionmentioning
confidence: 99%
“…Meanwhile, recent empirical studies on the correlation between entrepreneurial culture, institutional environment and regional economic growth and their influence on socioeconomic progress have been explained by the studies of ref. [30][31][32][33][34]. The results of the literature study have emphasized the importance of understanding institutions, entrepreneurial culture, and SE as a collaborative process for community development.…”
Section: Literature Reviewmentioning
confidence: 99%
“…UMKM memainkan peran penting dalam perekonomian negara (Pandya, 2012;Aparicio et al, 2018;Khan & Khalique, 2014;Razak et al, 2018;Sauh et al, 2019;Mutoko & Kapunda, 2017). Kajian UMKM menjadi hal yang sangat penting dan menarik dilakukan karena UMKM merupakan pilar penopang perekonomian masyarakat Indonesia, diantaranya Kabupaten Sleman, DI.…”
Section: Pendahuluanunclassified