Macroeconomic Effects of Entrepreneurship from an International Perspective

Renata Dana Nițu-Antonie, Emőke-Szidónia Feder and Valentin Partenie Munteanu
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Renata Dana Nițu-Antonie: Marketing and International Economic Relations Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania
Emőke-Szidónia Feder: Marketing and International Economic Relations Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania
Valentin Partenie Munteanu: Management Department, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara 300223, Romania

Sustainability, 2017, vol. 9, issue 7, 1-21

Abstract: At the panel level, formed of 33 European economies based on resource efficiency enhancers or innovation-driven factors, the present study followed causal relationships between the conditions of economic efficiency ensuring framework and different macroeconomic effects of entrepreneurship, mediated by the entrepreneurial behavior, with delays up to five years. Research findings highlighted that a national efficiency enhancing framework acts as stimulant for the entrepreneurial behavior of nascent entrepreneurs and new small and medium-sized business owners, while a superior level of entrepreneurial behavior generates simultaneous and/or medium-term favorable effects on the growth of gross domestic product, exports, imports and employment, therefore assuring, besides immediate growth, sustainable economic and social progress in the analyzed countries. The causal relationships identified are consistent with the results of other empirical studies in the field.

Keywords: framework of economic efficiency enhancers; entrepreneurial intentions; entrepreneurial activity; entrepreneurial aspirations; sustainable macroeconomic effects of entrepreneurship (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:7:p:1159-:d:103489

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