Entrepreneurship and economic growth in developing countries: Evidence from Africa
- 23 February 2020
- journal article
- research article
- Published by Wiley in BUSINESS STRATEGY & DEVELOPMENT
- Vol. 3 (3) , 388-394
Abstract
The nexus between entrepreneurship and economic growth has been examined in entrepreneurship and economic development literature. Yet, a critical analysis of these studies shows that research attention has mainly been focused on advanced economies leaving much to be understood in developing countries especially in Africa. Using data from the World Development Indicator on 10 African countries (Botswana, Morocco, Mauritius, Namibia, Nigeria, Rwanda, Senegal, Sierra Leon, South Africa, and Zambia), this study tests the effects of entrepreneurship and on economic growth. The results of the analysis show that entrepreneurship is positive and significantly stimulates economic growth. Based on this finding, policy implications are discussed.Keywords
This publication has 38 references indexed in Scilit:
- Entrepreneurship is Not a Binding Constraint on Growth and Development in the Poorest CountriesWorld Development, 2011
- Entrepreneurship, innovation, and corruptionJournal of Business Venturing, 2009
- Entrepreneurship and economic growth: Evidence from emerging and developed countriesEntrepreneurship & Regional Development, 2009
- Resolving the knowledge paradox: Knowledge-spillover entrepreneurship and economic growthResearch Policy, 2008
- Good Capitalism, Bad Capitalism, and the Economics of Growth and ProsperitySSRN Electronic Journal, 2007
- Exploring the knowledge filter: How entrepreneurship and university–industry relationships drive economic growthResearch Policy, 2006
- Urban Informal Employment and Self-Employment in Developing Countries: Theory and EvidenceEconomic Development and Cultural Change, 1996
- A Model of Growth Through Creative DestructionEconometrica, 1992
- Entrepreneurship: Productive, Unproductive, and DestructiveJournal of Political Economy, 1990
- Women's Changing Participation in the Labor Force: A World PerspectiveEconomic Development and Cultural Change, 1990