The relationships between entrepreneurial factors and economic growth and development: the case of selected European countries

Meyer, Daniel Francois; Meyer, Natanya

doi:10.17512/pjms.2020.21.2.19

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Tytuł artykułu

The relationships between entrepreneurial factors and economic growth and development: the case of selected European countries

Autorzy

Meyer Daniel Francois , Meyer Natanya

Treść / Zawartość

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DOI

10.17512/pjms.2020.21.2.19

Warianty tytułu

Stosunki między czynnikami przedsiębiorczości a wzrostem i rozwojem gospodarczym: przypadek wybranych krajów europejskich

Języki publikacji

Abstrakty

Globally, entrepreneurship and its link to economic growth, development and prosperity has been a topic of continued discussion. Entrepreneurship provides various direct and indirect positive results within developed and developing economies. Research suggests that the entrepreneurship development may have a positive effect on several economic variables. The purpose of this study, therefore, was to identify the relationships between three entrepreneurial variables (entrepreneurial intention - EI, Early-stage entrepreneurial activity - TEA and established business ownership - EBO) and, firstly, economic development using GDP per capita and, secondly, economic growth (GDP) using an econometric analysis method. The study followed a quantitative empirical approach using secondary data from 2001 to 2019 for selected European countries (Austria, Croatia, Hungary, Poland and Slovenia). Countries were selected based on their homogeneous traits and availability of data. Long and short-run relationships between the mentioned variables were tested using a pooled panel analysis. Results indicated a long-run relationship between the variables by using the Fisher-Johansen cointegration analysis. Further results of the analysis indicated that both TEA and EBO are significant predictors at 5% significant levels respectively of economic development (GDP per capita) and economic growth (GDP). In conclusion, the study proved that links between the mentioned variables do exist and that entrepreneurial activity should be stimulated and supported as it has a significant impact on economic growth and development at various degrees of impact.

Na całym świecie przedsiębiorczość i jej związek ze wzrostem gospodarczym, rozwojem i dobrobytem były przedmiotem ciągłych dyskusji. Przedsiębiorczość zapewnia różne bezpośrednie i pośrednie pozytywne wyniki w gospodarkach rozwiniętych i rozwijających się. Badania sugerują, że rozwój przedsiębiorczości może mieć pozytywny wpływ na kilka zmiennych ekonomicznych. Celem tego badania było zatem zidentyfikowanie związków między trzema zmiennymi przedsiębiorczymi (intencja przedsiębiorcza - EI, działalność przedsiębiorcza na wczesnym etapie - TEA i ustalona własność biznesowa - EBO), a po pierwsze rozwój gospodarczy z wykorzystaniem PKB na mieszkańca, a po drugie , wzrost gospodarczy (PKB) przy użyciu metody analizy ekonometrycznej. W badaniu zastosowano ilościowe podejście empiryczne z wykorzystaniem danych wtórnych z lat 2001–2019 dla wybranych krajów europejskich (Austrii, Chorwacji, Węgier, Polski i Słowenii). Kraje wybrano na podstawie ich jednorodnych cech i dostępności danych. Długoterminowe i krótkookresowe relacje między wspomnianymi zmiennymi zostały przetestowane przy użyciu analizy panelu zbiorczego. Wyniki wskazały na długoterminowy związek między zmiennymi za pomocą analizy kointegracji Fishera-Johansena. Dalsze wyniki analizy wykazały, że zarówno TEA, jak i EBO są istotnymi predyktorami przy odpowiednio 5% znaczących poziomach rozwoju gospodarczego (PKB na mieszkańca) i wzrostu gospodarczego (PKB). Podsumowując, badanie wykazało, że istnieją powiązania między wymienionymi zmiennymi oraz że należy stymulować i wspierać działalność przedsiębiorczą, ponieważ ma ona znaczący wpływ na wzrost gospodarczy i rozwój o różnym stopniu oddziaływania.

Słowa kluczowe

economic growth entrepreneurial factors entrepreneurial intentions EI early entrepreneurial activity TEA established business ownership EBO European countries .NET

wzrost gospodarczy czynniki przedsiębiorcze intencje przedsiębiorcze EI wczesna działalność przedsiębiorcza TEA ustalona własność biznesowa EBO kraje europejskie

Wydawca

Czestochowa University of Technology

Czasopismo

Polish Journal of Management Studies

Rocznik

2020

Tom

Vol. 21, No. 2

Strony

268--283

Opis fizyczny

Bibliogr. 52 poz., rys., tab.

Twórcy

autor

Meyer Daniel Francois

Daniel.Meyer@nwu.ac.za

TRADE Research entity, North-West University, South Africa

autor

Meyer Natanya

Natanyam@uj.ac.za

College of Business and Economics, University of Johannesburg, South Africa

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).

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Bibliografia

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