The Continued Search for the Solow Residual: The Role of National Entrepreneurial Ecosystem

Zoltan Acs, Saul Estrin (), Tomasz Mickiewicz and László Szerb
Additional contact information
Saul Estrin: London School of Economics

No 8652, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper introduces a new concept in addition to the traditional measures of stocks of capital, labor, human capital and knowledge, to understand the Solow Residual: National Entrepreneurial Ecosystem (NEE). The NEE construct is based on a methodology that combines institutions and human agency into an interdependent system, applying the configuration theory. We argue that NEE affects the efficiency by which inputs are turned into outputs shifting the production function. We use data from a representative global survey and institutional sources to test the model for a cross section of 62 counties over the period 2006-2010 to test this proposition.

Keywords: growth; entrepreneurship; ecosystem; Solow residual; GEM (search for similar items in EconPapers)
JEL-codes: J24 L26 O33 P3 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2014-11
New Economics Papers: this item is included in nep-ent
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://docs.iza.org/dp8652.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp8652

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().