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Entrepreneurship and advancing national level economic efficiency

Kai Du () and Allan O’Connor ()
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Kai Du: University of Adelaide
Allan O’Connor: University of Adelaide

Small Business Economics, 2018, vol. 50, issue 1, 91-111

Abstract: Abstract We explore the channels under which entrepreneurship fosters productivity by disentangling its impact on national level economic efficiency and find that more entrepreneurship in aggregate is not always good for economic growth and, most importantly, identifying the form and activity of entrepreneurship is critical for policy-makers to better manage changes in their economies. Our national level results also suggest that the new product entrepreneurship and to a lesser extent improvement-driven opportunity entrepreneurship both significantly contribute to the improvement of national level efficiency. However, both measures would benefit from further development and it seems a higher coincidence of both is more likely to advance a nation’s economic efficiency.

Keywords: Economic efficiency; Data envelopment analysis; New product entrepreneurship; Improvement-driven opportunity entrepreneurship; Global entrepreneurship monitor (search for similar items in EconPapers)
JEL-codes: C14 D24 L26 O47 P42 (search for similar items in EconPapers)
Date: 2018
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