Entrepreneurial activity and economic growth: A dynamic data panel analysis of European countries

dc.contributor.authorGomes, Sofia
dc.contributor.authorFerreira, Pedro
dc.date.accessioned2022-06-21T11:00:08Z
dc.date.available2022-06-21T11:00:08Z
dc.date.issued2022-06-17
dc.description.abstractObjective: The goal of this article is to analyse the impact of different measures of entrepreneurial activity, namely through attitudes and behaviour, on the economic growth of 21 European countries. The goal is to assess the impact of entrepreneurial activity, measured by perceived capabilities, perceived opportunities, entrepreneurial activity, and total early stage, on the economic growth of these countries. Research Design & Methods: This study is based on a quantitative methodology and uses a data panel cov- ering 21 European countries and a period from 2001 to 2019 (196 observations). A statistical analysis of the dependent, independent and control variables was performed, panel data stationarity analysis was carried out, and three multiple linear regression models were estimated using the generalized method of moments (dynamic panel data). Findings: The results suggest that the entrepreneurial activity driven by the opportunity has a positive impact on the gross domestic product per capita and, as such, stimulate the economic growth of the European coun- tries considered in this sample. However, entrepreneurial activity at an early stage and the skills and knowledge to start a new business have a negative impact on the economic growth of these countries. Implications & Recommendations: In general, this study suggests that entrepreneurship driven by oppor- tunity (directly or indirectly by perceived capacities) is a key factor in stimulating the European countries’ economic growth considered in this sample. Contribution & Value Added: This study complements the existing literature that analyses the impact of entrepreneurship on economic growth, but using a sample of countries in Europe (there are few empirical studies for this purpose on European countries), and it is innovative because three different measures of entrepreneurial activity are tested, a more generic one and two other measures of entrepreneurial behav- iour and attitudes collected by the global entrepreneurship monitor (GEM) to assess their impact of entre- preneurship on countries’ economic growth.pt_PT
dc.identifier.citationGomes, S., & Ferreira, P. (2022). Entrepreneurial activity and economic growth: A dynamic data panel analysis of European countries. Entrepreneurial Business and Economics Review, 10(2), 7-20. https://doi.org/10.15678/EBER.2022.100201. Repositório Institucional UPT. http://hdl.handle.net/11328/4267pt_PT
dc.identifier.doihttps://doi.org/10.15678/EBER.2022.100201pt_PT
dc.identifier.issn2353-883X (Print)
dc.identifier.issn2353-8821 (Electronic)
dc.identifier.urihttp://hdl.handle.net/11328/4267
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherCracow University of Economicspt_PT
dc.relation.publisherversionhttps://eber.uek.krakow.pl/index.php/eber/article/view/1342pt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectPerceived capacitypt_PT
dc.subjectPerceived opportunitypt_PT
dc.subjectEntrepreneurshippt_PT
dc.subjectEconomic growthpt_PT
dc.subjectEuropean countriespt_PT
dc.titleEntrepreneurial activity and economic growth: A dynamic data panel analysis of European countriespt_PT
dc.typejournal articlept_PT
degois.publication.firstPage7pt_PT
degois.publication.issue2pt_PT
degois.publication.lastPage20pt_PT
degois.publication.titleEntrepreneurial Business and Economics Reviewpt_PT
degois.publication.volume10pt_PT
dspace.entity.typePublicationen
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