On Growth and Development

Mina Baliamoune

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: We examines how institutional and policy reforms affect the relationship between entreprene urship and growth. We perform Arellano-Bond GMM estimations on annual data (over the period 1990-2002) from a large group of developing countries and focus in particular on the interplay between policy and institutional reforms and entrepreneurship. We find that the joint effect of trade reform and entrepreneurship on growth is negative, suggesting that trade reform diminishes the positive effects of entrepreneurial ability on growth, while the joint effect of financial sector reform and entrepreneurship has a non- linear impact on growth. Financial sector reforms enhance the growth effects of entrepreneurship at initial levels and diminish it a high levels of reform. In addition, we find that the interplay of institutional reform and entrepreneurship does not seem to matter for the growth effects of entrepreneurship.

Keywords: growth; entrepreneurship; institutions; policy reform (search for similar items in EconPapers)
JEL-codes: E6 O1 O4 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2008-06
New Economics Papers: this item is included in nep-dev, nep-ent, nep-fdg, nep-mac and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:icr:wpicer:13-2008

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