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Out with the Sleaze, in with the Ease: Insufficient for Entrepreneurial Development?

Wim Naudé

No RP2009-01, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunity-motivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance leads to higher economic growth.

Keywords: Business enterprises; Corporate governance; Economic development; Econometric models (Economic development); Economic growth; Entrepreneurship; Panel analysis (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ent and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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