Unveiling the relationship between entrepreneurial aspirations and prosperity: An international panel study using GEM data

Islem Khefacha, Rabiaa Romdhane () and Haykel Haj Salem ()
Additional contact information
Rabiaa Romdhane: University of Monastir, University of Sousse
Haykel Haj Salem: University of Monastir, University of Sousse

International Entrepreneurship and Management Journal, 2024, vol. 20, issue 1, No 18, 449 pages

Abstract: Abstract This study examines the impact of entrepreneurship with high growth expectations, innovation, and international orientation as determinants of entrepreneurial aspirations and their effect on prosperity. More specifically, the study examines a panel of 30 developed and emerging countries observed over the 2009–2018 period. The research hypotheses were tested by the appropriate panel unit root and cointegration tests allowing for cross-section dependence and for estimating the aspirations-prosperity relationship using FMOLS for a heterogeneous panel. The findings indicate that entrepreneurs who expect to create jobs and/or to be involved in international trade significantly enhance prosperity. Surprisingly, entrepreneurship with innovative features had a negative effect on wellbeing. When averaging observations across countries, the results suggest that entrepreneurial aspirations Granger-cause the prosperity index. This study makes an important contribution to this evolving research area as it explains the conditions countries need to promote to move toward more sustainable entrepreneurial activities that create welfare for the population.

Keywords: Entrepreneurial aspirations; Prosperity; GEM; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: C33 L26 Q01 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11365-023-00859-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:20:y:2024:i:1:d:10.1007_s11365-023-00859-0

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-023-00859-0

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().