Export-Driven New Ventures and Economic Growth

Jolanda Hessels and André van Stel

No 2008-23, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University

Abstract: In this paper the relationship between a country's prevalence of new ventures and its rate of economic growth is investigated, while distinguishing between export-oriented new ventures and domestic new ventures. It is generally acknowledged that new venture creation as well as export activity may both be important strategies for achieving national economic growth. However, to our knowledge no attempt has been made to empirically investigate the role of export-driven new ventures in economic growth. We focus on the national level and use data for a sample of 36 countries that participated in the Global Entrepreneurship Monitor in 2002. Our results suggest that a country's prevalence of export-driven new ventures is significantly positively related to economic growth, whereas the prevalence of new ventures that focus exclusively on domestic market sales shows no significant relation to national growth.

Keywords: entrepreneurship; export; international new ventures; economic growth; Global Entrepreneurship Monitor (search for similar items in EconPapers)
JEL-codes: F23 L25 L26 O47 O57 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2009-03
New Economics Papers: this item is included in nep-ent
Note: Save date: 3/18/2009 9:18 AM
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/29298/WP2008-23.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitcei:2008-23

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