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Full-Text Articles in Social and Behavioral Sciences
Reassessing The Linkages Among Entrepreneurship, Institutions And Growth, Edinaldo Tebaldi, Joilson Giorno
Reassessing The Linkages Among Entrepreneurship, Institutions And Growth, Edinaldo Tebaldi, Joilson Giorno
Mathematics and Economics Faculty Journal Articles
This article examines the role of institutions and entrepreneurship to foster economic development under increasing complex economic structures caused by structural changes. The empirical work utilizes data from several sources including the Penn World Table 9.1, The Global Entrepreneurship and Development Institute, the Observatory of Economic Complexity (OEC) at the MIT, and The International Country Risk Guide (ICRG). The empirical work circumvents the endogeneity and heterogeneity problem that plague cross-country regressions by using the Arellano and Bover (1995) and Blundell and Bond (1998) system GMM estimator. The results show that while entrepreneurship is positively correlated to economic development, this correlation …