ENTREPRENEURSHIP, FINANCIAL DE ENEURSHIP, FINANCIAL DEVELOPMENT AND E ELOPMENT AND ECONOMIC GR CONOMIC GROWTH

Mohsen Mohammadi Khyareh ()
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Mohsen Mohammadi Khyareh: Gonbad Kavous University, Gonbad Kavous, Iran

Bulletin of Monetary Economics and Banking, 2023, vol. 26, issue 3, 469-490

Abstract: This study adds to the current body of research on economic growth by demonstrating how the interplay between financial development and entrepreneurship fosters economic advancement. By utilizing the two-step Generalized Moment Method (GMM), we have identified three primary outcomes. Firstly, entrepreneurship has a beneficial influence on economic growth. Secondly, financial development has a conditional effect that stimulates economic growth. Lastly, the combined effect of entrepreneurship and financial development on economic growth is largely positive, suggesting that financial development can amplify the already positive but weak entrepreneurship’s influence on economic growth. The research investigation also delves into the empirical significance and policy implications of these findings.

Keywords: Financial development; Entrepreneurship; Economic growth; GEM (search for similar items in EconPapers)
JEL-codes: C23 O16 O40 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:26:y:2023:i:3d:p:469-490

DOI: 10.59091/2460-9196.2127

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