Investigating the relationship between entrepreneurial activity and economic growth: a case of Middle East

Ahmad Fathi Alheet ()
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Ahmad Fathi Alheet: Al-Ahliyya Amman University, Jordan

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 1036-1047

Abstract: The current research is aimed at investigating the relationship between entrepreneurial activity and economic growth, more specifically, in the context of Middle East countries. Entrepreneurial activities are professed to improve the economic development of the country through employment generation, increase in the rate of gross domestic product (GDP), increased productivity levels, poverty alleviation, and so on. Based on the possibility of these positive aspects, economic growth is considered to be driven through increased entrepreneurial activities, in the context of developing countries. To investigate this relationship between research variables, quantitative data was collected using the World Bank database of 8 Middle Eastern countries for the period 2009-2016. Based on the correlation and regression results, the study finds a significant positive impact of entrepreneurial activity (measured as new businesses registered) on economic growth (GDP growth) in the Middle East. Therefore, it is important for states in the Middle East to focus on promoting entrepreneurial activity, which influences economic growth.

Keywords: entrepreneurial activity; economic growth; Middle East; new businesses registered (search for similar items in EconPapers)
JEL-codes: O10 O30 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1036-1047

DOI: 10.9770/jesi.2019.7.2(17)

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