Natural Resource Dependency and Entrepreneurship: Are Nations with High Resource Rents Cursed?

Chambers, Dustin; Munemo, Jonathan

doi:10.1002/jid.3397

Cited by 24 publications

(9 citation statements)

References 58 publications

(78 reference statements)

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“…We administered the Version 3 of the EP scale to employees and entrepreneurs in the DRC. Despite its economic potential (AfDB, OECD, and UNDP, 2017; Rubbers, 2020; Sovacool, 2019), the DRC is an example of the paradox of plenty (World Bank, 2018) or of resource-curse (Chambers and Munemo, 2019; Rubbers, 2020). The country has the third largest poor population globally (Otchia, 2019).…”

Section: Procedures and Results Of Developing The New Measurementioning

confidence: 99%

“…Some studies have pointed to the institutional failures as the reason for this puzzle (Jacobs et al , 2020; World Bank, 2018). Other scholars have argued that natural resources often promote bad governance and harm the entrepreneurial spirit (Chambers and Munemo, 2019) because the other sectors of the economy are left to their own devices (Bryceson and Geenen, 2016). However, this paper’s argument is that the starting point to the puzzle of higher unemployment and underemployment versus lower business ownership rate might be to investigate whether people have got what it takes to successfully launch businesses and if those who have the EP indeed transition to start-up businesses.…”

Section: Procedures and Results Of Developing The New Measurementioning

confidence: 99%

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Development and validation of an individual entrepreneurial potential new measurement scale

Ephrem

Murimbika

2023

JRME

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Purpose As good as existing measurements of entrepreneurial potential (EP) may appear in the literature, they are fragmented, suffer from the lack of theory integration and clarity, are inadequately specified and assessed and the dimensions are unordered by importance. These limitations of EP metrics have hindered entrepreneurial practice and theory advancement. There is a risk of atomistic evolution of the topic among “siloed” scholars and room for repetitions without real progress. The purpose of this paper was to take stock of existing measurements from which the authors developed a new instrument that is brief and inclusive. Design/methodology/approach The authors followed several steps to develop and validate the new instrument, including construct domain name specification, literature review, structured interviews with entrepreneurs, face validation by experts, semantic validation and statistical validation after two waves of data collected on employee and entrepreneur samples. Findings A clear operational definition of EP is proposed and serves as a starting point towards a unified EP theory. The new EP instrument is made up of 34 items classified into seven dimensions, which in order of importance are proactive innovativeness, management skill, calculated risk-taking, social skill, financial literacy, entrepreneurial competencies prone to cognitive and heuristic biases and bricolage. The authors provide evidence for reliability and validity of the new instrument. Research limitations/implications Although a model is not the model, the authors discuss several ways in which the new measurement model can be used by different stakeholders to promote entrepreneurship. Originality/value The authors discuss the domain representativeness of the new scale and argue that the literature can meaningfully benefit from a non-fuzzy approach to what makes the EP of an individual. By developing a new EP instrument, the authors set an important pre-condition for advancing entrepreneurial theory and practice.

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Section: Procedures and Results Of Developing The New Measurementioning

confidence: 99%

Section: Procedures and Results Of Developing The New Measurementioning

confidence: 99%

Development and validation of an individual entrepreneurial potential new measurement scale

Ephrem

Murimbika

2023

JRME

View full text Add to dashboard Cite

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“…A large literature argues that the effect of natural resources on economic development depends on institutions (Apergis & Payne, 2014; Chambers & Munemo, 2019; Mehlum et al, 2006; Njangang et al, 2022). Robinson et al (2006) argue that the effect of natural resources on the economy depends critically on institutions, as these determine the extent to which political incentives are embedded in policy outcomes.…”

Section: Resultsmentioning

confidence: 99%

Are natural resources also bad for infrastructure quality?

Tadadjeu

Ningaye

Njangang

2022

J of Intl Development

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This study contributes to the extensive non-consensus literature on the resource curse by examining the effect of natural resource dependence on infrastructure quality. We show that natural resources on average have a negative effect on the overall quality of infrastructure, including the quality of various infrastructures such as roads, ports, railroads, airports and the quality of electricity supply. However, we find that, beyond a certain threshold, natural resources improve the quality of some infrastructure. This study also supports the importance of improving the quality of institutions, as we show that natural resources are a blessing for the infrastructure quality in countries with a better institu tional framework.

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“…The relationship between entrepreneurial activity and natural resource rents is ambiguous (Canh et al, 2020(Canh et al, , 2021Chambers & Munemo, 2019). The nexus is a significant topic with increasing emphasis on sustainability and climate change.…”

Section: Introductionmentioning

confidence: 99%

“…However, studies investigating the role of entrepreneurship on natural resource rents are still underexplored. Chambers and Munemo (2019) consider the relationship between natural resource rents and new business creation and find that heavy natural resource extraction lowers entrepreneurial activity, depending on the quality of governance. Further, Youssef et al (2018) show that entrepreneurship is conditioned on heavy energy use, which deteriorates the environmental quality and sustainability of African countries by estimating the Environmental Kuznets Curve (EKC) hypothesis.…”

Section: Introductionmentioning

confidence: 99%

The Nonlinear Relationship Between Entrepreneurship and Natural Resource Rents

Nguyen

Kim

2022

The Journal of Entrepreneurship

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To examine a nonlinear relationship between entrepreneurship density and natural resource rents, this study applies the panel-corrected standard errors (PCSE) estimator to a sample of 87 countries over the period of 2006–2016. Estimation results show strong evidence of the nonlinear relationship between the two variables. The influence of entrepreneurship density on natural resource rents is subject to two different regimes. In low- and upper-middle-income countries, an increase in entrepreneurship density increases natural resource rents to a certain level, but it reduces the rents afterwards. In high-income countries, the relationship is reversed. Policymakers should adapt their entrepreneurship policy to prevailing economic circumstances to enhance economic sustainability.

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Natural Resource Dependency and Entrepreneurship: Are Nations with High Resource Rents Cursed?

Cited by 24 publications

References 58 publications

Development and validation of an individual entrepreneurial potential new measurement scale

Development and validation of an individual entrepreneurial potential new measurement scale

Are natural resources also bad for infrastructure quality?

The Nonlinear Relationship Between Entrepreneurship and Natural Resource Rents

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