Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective
Zoltan Acs (),
Tomasz Mickiewicz and
László Szerb ()
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth. To do this, we build on the concept of National Systems of Entrepreneurship (NSE) as resource allocation systems that combine institutions and human agency into an interdependent system of complementarities. We explore the empirical relevance of these ideas using data from a representative global survey and institutional sources for 46 countries over the period 2002–2011. We find support for the role of the entrepreneurial ecosystem in economic growth
Keywords: economic growth; entrepreneurship; ecosystem; efficiency; technology; Solow residual; GEM; GEI (search for similar items in EconPapers)
JEL-codes: D02 O38 P11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff, nep-env, nep-gro, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Published in Small Business Economics, 1, August, 2018, 51(2), pp. 501-514. ISSN: 0921-898X
Downloads: (external link)
http://eprints.lse.ac.uk/87350/ Open access version. (application/pdf)
Journal Article: Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:87350
Access Statistics for this paper
More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().