Do Specific Growth Drivers Exist for Firms? A Regional Analysis of Start-ups and Industrial Growth

Paul Ojeaga
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Paul Ojeaga: Department of Entrepreneurial Studies, Federal University of Agriculture Abeokuta, NIGERIA

Global Economic Observer, 2016, vol. 4, issue 1, 117-129

Abstract: The study of start-ups, have remained largely a micro economic issue. Firms are the key drivers of industrial sector GDP (or enterprise growth) in countries across regions. Few studies have tried to examine the consequence of start-ups in the broad macroeconomics terms on enterprise growth in general with special emphasis on industrial sector output. This study provides a macroeconomic study of the effect of start- ups on industrial sector growth for countries in some specific geographical regions of the world. Panel data is utilized due to it obvious advantages such its ability to utilize a panel of short time frames and its suitability for controlling for omitted variable bias and unobservable heterogeneity across regions. The results show that start-ups remain an intrinsic variable for enterprise growth and industrial sector output discussion in general.

Keywords: Political Economy; Quantitative Economics; Start-Ups; Entrepreneurship; Industrial Economics. (search for similar items in EconPapers)
JEL-codes: C23 O31 (search for similar items in EconPapers)
Date: 2016-05
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