Entrepreneurial Diversity and Economic Growth

Ingrid Verheul () and André van Stel

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: Most studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a homogeneous group. This study investigates the impact of entrepreneurial diversity on national economic growth. Using data for 36 countries participating in the Global Entrepreneurship Monitor we investigate whether the impact on growth depends on socio-demographic diversity in entrepreneurship (in terms of age, education and gender). We find that in less developed countries older and higher educated entrepreneurs are particularly important for stimulating economic growth, while for developed countries younger entrepreneurs are more important. Accordingly, policy should aim at stimulating particular groups of entrepreneurs, rather than just the number of entrepreneurs.

Keywords: diversity; economic development; entrepreneurship (search for similar items in EconPapers)
JEL-codes: D21 M M13 O47 (search for similar items in EconPapers)
Date: 2007-10-30
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Citations: View citations in EconPapers (10)

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Working Paper: Entrepreneurial diversity and economic growth (2007)
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