The Effects of Entrepreneurship and Education on Economic Growth in Selected Countries

Arash Ketabforoush Badri, Mohhamadreza Nahidi and Mehrdad Ghalami
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Mohhamadreza Nahidi: Department of Economics, College of Management, Economics and Accounting, Tabriz Branch, Islamic Azad University, Tabriz, Iran
Mehrdad Ghalami: Department of Economics, Faculty of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

Noble International Journal of Social Sciences Research, 2018, vol. 3, issue 7, 46-54

Abstract: Developments and rapid changes in the international community, moving from traditional society to the information society, as well as changing the national economy to the global economy, require different solutions to enable economic growth and development in society. In fact, entrepreneurship, which is the concept of the discovery and exploitation of opportunities for value creation in the various sectors, is the basis for an all-round development. For this reason, to develop the countries pay special attention to the entrepreneurship is very important. So, this study is trying to investigate the effects of entrepreneurship and education on economic growth in 25 selected countries using the panel-data method in the period of 2001 to 2015. The results show that entrepreneurship and education have positive effects on economic growth, so that by increasing one percent of each variable, respectively, economic growth will increase by 0.41 and 0.21 percent.

Keywords: Economic Growth; Education; Entrepreneurship; Human Capital; Panel Data (search for similar items in EconPapers)
Date: 2018
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