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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Social Capital, Culture, And Institutions As Determinants Of Entrepreneurship In A Development Context, Daniel Nikolic
Social Capital, Culture, And Institutions As Determinants Of Entrepreneurship In A Development Context, Daniel Nikolic
Undergraduate Economic Review
Entrepreneurship is still a social term that scholars have difficulty defining, and a lack of consistency in theory in turn leaves researchers without an accurate way to measure entrepreneurial activity. A working definition and theory of the entrepreneur is provided as a way to synthesize the various multi-disciplinary approaches taken towards entrepreneurship in past literature, with emphasis on welfare and judgmental decision-making under uncertainty. Past studies find significant relationships between economic growth and the level of entrepreneurial activity in a country. Little is known, however, on which elements of a society contribute to entrepreneurship and which do not. This study …
The Role Of Entrepreneurship In Economic Growth, Daniel Smith
The Role Of Entrepreneurship In Economic Growth, Daniel Smith
Undergraduate Economic Review
This study confirms that the level of entrepreneurship in a given country has a significant positive effect on the level of economic growth in that country. Contrary to some established theories, this study has found evidence that the level of entrepreneurship in a given country is not explained by the levels of the traditional causes of economic growth in that country (specifically the amounts of labor, capital, and knowledge that a country possesses as well as the presence or absence of market friendly government policies). Instead, entrepreneurship acts as an independent factor.