 Entrepreneurship–growth nexus: does the size of the informal economy matter?Lama Radwan and Yousef Daoud Journal of Sustainable Finance & Investment, 2022, vol. 12, issue 1, 169-194 Abstract: This paper implements a multiple linear regression model on panel data of a sample of 64 countries over the period (2002–2015), in order to examine the influence of Entrepreneurship on the growth of output per worker. Our estimation strategy allows for providing a framework that accounts for some of the conflicting findings on the entrepreneurship–growth nexus. We account for the endogeneity of entrepreneurship by using a valid instrument, andfor the level of development and its interaction with entrepreneurship, we also account for the size of the informal economy as a moderating variable of the entrepreneurship–growth nexus. We find that the effect of entrepreneurship on growth is positive and significant, but the analysis fails to support that the relation varies by level of development and the size of the informal economy. Policy implications point to fostering entrepreneurship and designing policies that take into consideration the macroeconomic environment of the country. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:jsustf:v:12:y:2022:i:1:p:169-194 Ordering information: This journal article can be ordered from DOI: 10.1080/20430795.2021.1940812 Access Statistics for this article Journal of Sustainable Finance & Investment is currently edited by Dr Matthew Haigh More articles in Journal of Sustainable Finance & Investment from Taylor & Francis Journals |
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