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The philosopher's stone of entrepreneurship: achieving economic growth in Europe

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Warianty tytułu
PL
Kamień filozoficzny przedsiębiorczości: osiągnięcie wzrostu gospodarczego w Europie
Języki publikacji
EN
Abstrakty
EN
This study aims to assess the impact of perceived opportunities and entrepreneurship as a good career choice on the economic growth of European countries. A quantitative methodology was used. A data panel composed of measures of economic growth and business activity for 21 European countries from 2001 to 2019 and macroeconomic control variables was used. Multiple linear regression was estimated using the Generalised Panel Methods of Moments. High levels of perceived opportunity were found to impact economic growth positively. Entrepreneurship as a good career choice has positive impacts on economic growth. These results indicate that although entrepreneurship as a good career choice and perceived opportunity are antecedents of entrepreneurial activity, they may be considered drivers of economic growth in European countries and, as such, should be stimulated and supported. This article is original because it is a longitudinal study, and there are few studies on this topic.
PL
Niniejsze badanie ma na celu ocenę wpływu postrzeganych możliwości i przedsiębiorczości jako dobrego wyboru kariery na wzrost gospodarczy krajów europejskich. Zastosowano metodologię ilościową. Wykorzystano panel danych złożony z miar wzrostu gospodarczego i aktywności biznesowej dla 21 krajów europejskich w latach 2001-2019 oraz makroekonomicznych zmiennych kontrolnych. Wielokrotna regresja liniowa została oszacowana przy użyciu uogólnionej panelowej metody momentów. Stwierdzono, że wysoki poziom postrzeganych możliwości pozytywnie wpływa na wzrost gospodarczy. Przedsiębiorczość jako dobry wybór kariery ma pozytywny wpływ na wzrost gospodarczy. Wyniki te wskazują, że chociaż przedsiębiorczość jako dobry wybór kariery i postrzegane możliwości są antecedentami działalności przedsiębiorczej, można je uznać za motory wzrostu gospodarczego w krajach europejskich i jako takie powinny być stymulowane i wspierane. Ten artykuł jest oryginalny, ponieważ jest to badanie podłużne i istnieje niewiele badań na ten temat.
Rocznik
Strony
157--171
Opis fizyczny
Bibliogr. 49 poz., tab.
Twórcy
  • Department of Management and Economics and NECE-UBI - Research Unit in Business Sciences, University of Beira Interior and Miguel Torga Institute of Higher Education
autor
  • Portucalense University, REMIT - Research on Economics, Management and Information Technologies
Bibliografia
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  • 3.Afzal, M. N. I., Mansur, K. and Manni, U. H. (2018a). Entrepreneurial capability (EC) environment in ASEAN-05 emerging economies. Asia Pacific Journal of Innovation and Entrepreneurship, 12(2), 206-221.
  • 4.Afzal, M. N. I., Siddiqui, S. and Dutta, S. (2018b). Determinants of entrepreneurial capability (EC) environment in ASEAN-05 economies - a log-linear stochastic frontier analysis. Journal of Global Entrepreneurship Research, 8(1), 14.
  • 5.Anderson, B. S., Wennberg, K. and McMullen, J. S. (2019). Editorial: Enhancing quantitative theory-testing entrepreneurship research. Journal of Business Venturing, 34(5), 105928.
  • 6.Anokhin, S., Grichnik, D. and Hisrich, R. D. (2008). The journey from novice to serial entrepreneurship in China and Germany: Are the drivers the same? Managing Global Transitions, 6(2), 117.
  • 7.Aparicio, S., Turro, A. and Noguera, M. (2020). Entrepreneurship and Intrapreneurship in Social, Sustainable, and Economic Development: Opportunities and Challenges for Future Research. Sustainability, 12(21), 8958.
  • 8.Aparicio, S., Urbano, D. and Audretsch, D. (2016). Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence. Technological Forecasting and Social Change, 102, 45-61.
  • 9.Asante, E. A., Affum-Osei, E. (2019). Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition. Journal of Business Research, 98, 227-235.
  • 10.Audretsch, D., Keilbach, M. (2004). Entrepreneurship Capital and Economic Performance. Regional Studies, 38(8), 949-959.
  • 11.Audretsch, D. B., Keilbach, M. (2008). Resolving the knowledge paradox: Knowledge-spillover entrepreneurship and economic growth. Research Policy, 37(10), 1697-1705.
  • 12.Bayon, M. C., Vaillant, Y. and Lafuente, E. (2015). Initiating nascent entrepreneurial activities The relative role of perceived and actual entrepreneurial ability. International Journal of Entrepreneurial Behavior and Research, 21(1), 27-49.
  • 13.Borges, A. P., Lopes, J. M., Carvalho, C., Vieira, B. M. and Lopes, J. (2021). Education as a key to provide the growth of entrepreneurial intentions. Education + Training, 63(6), 809-832.
  • 14.ElTamimi, R. A., Sweis, N. J. (2021). The perceptions of individuals aged 50 years and older towards engaging in entrepreneurial activities. International Journal of Entrepreneurship and Small Business, 42(4), 422-450.
  • 15.Esfandiar, K., Sharifi-Tehrani, M., Pratt, S. and Altinay, L. (2019). Understanding entrepreneurial intentions: A developed integrated structural model approach. Journal of Business Research, 94, 172-182.
  • 16.Ferreira, J. J., Fayolle, A., Fernandes, C. and Raposo, M. (2017). Effects of Schumpeterian and Kirznerian entrepreneurship on economic growth: panel data evidence. Entrepreneurship and Regional Development, 29(1-2), 27-50.
  • 17.Fritsch, M. (2008). How does new business formation affect regional development? Introduction to the special issue. Small Business Economics, 30(1), 1-14.
  • 18.GEM. (2021). Entrepreneurial Behaviour and Attitudes. Global Entrepreneurship Monitor.Retrieved June 20, 2021 from https://www.gemconsortium.org/data/key-aps
  • 19.Georgescu, M.-A., Herman, E. (2020). The Impact of the Family Background on Students’ Entrepreneurial Intentions: An Empirical Analysis. Sustainability, 12(11), 4775.
  • 20.Gomes, S., Sousa, M., Santos, T., Oliveira, J., Oliveira, M. and Lopes, J. M. (2021). Opening the “Black Box” of University Entrepreneurial Intention in the Era of the COVID-19 Pandemic. Social Sciences, 10(5), 181.
  • 21.Greene, W. H. (2020). Econometric analysis (8 ed.). Pearson.
  • 22.Holienka, M. (2014). Youth entrepreneurship in Slovakia: a GEM based perspective. Comenius Management Review, 8(2), 41-50.
  • 23.Idrees, A. S., Sarwar, S. (2021). State effectiveness, property rights and entrepreneurial behaviour as determinants of National Innovation. Australian Economic Papers, 60(3), 392-423.
  • 24.Krueger Jr, N. F., Reilly, M. D. and Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5), 411-432.
  • 25.Lafuente, E., Szerb, L. and Acs, Z. J. (2016). Country level efficiency and national systems of entrepreneurship: a data envelopment analysis approach. The Journal of Technology Transfer, 41(6), 1260-1283.
  • 26.Lecuna, A., Cohen, B. and Chavez, R. (2017). Characteristics of high-growth entrepreneurs in Latin America. International Entrepreneurship and Management Journal, 13(1), 141-159.
  • 27.Liargovas, P., Repousis, S. (2015). Development Paths in the Knowledge Economy: Innovation and Entrepreneurship in Greece. Journal of the Knowledge Economy, 6(4), 1063-1077.
  • 28.Linan, F., Fernandez-Serrano, J. (2014). National culture, entrepreneurship and economic development: different patterns across the European Union. Small Business Economics, 42(4), 685-701.
  • 29.Lopes, J., Antunes, H. and Rodrigues, R. (2018). Comparative Entrepreneurship between Western Europe and Latin America. Entrepreneurship Research Journal, 8(4).
  • 30.Lopes, J., Teixeira, S. J., Ferreira, J. J. M., Silveira, P., Farinha, L. and Lussuamo, J. (2020). University entrepreneurial intentions: mainland and insular regions - are they different? Education + Training, 62(2), 81-99.
  • 31.Lopes, J. M., Gomes, S., Santos, T., Oliveira, M. and Oliveira, J. (2021). Entrepreneurial Intention before and during COVID-19 - A Case Study on Portuguese University Students. Education Sciences, 11(6), 273.
  • 32.Maula, M., Stam, W. (2020). Enhancing Rigor in Quantitative Entrepreneurship Research. Entrepreneurship Theory and Practice, 44(6), 1059-1090.
  • 33.North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
  • 34.Nurmalia, Hartono, D. and Muzayanah, I. F. U. (2020). The Roles of Entrepreneurship on Regional Economic Growth in Indonesia. Journal of the Knowledge Economy, 11(1), 28-41.
  • 35.Patel, P. C., Rietveld, C. A. (2021). Does globalization affect perceptions about entrepreneurship? The role of economic development. Small Business Economics.
  • 36.Polas, M. R. H., Raju, V., Muhibbullah, M. and Tabash, M. I. (2021). Rural women characteristics and sustainable entrepreneurial intention: a road to economic growth in Bangladesh. Journal of Enterprising Communities-People and Places in the Global Economy.
  • 37.Ramawati, Y., Sudiro, A., Rohman, F. and Mugiono. (2020). Technique of understanding enterpreunal intention: A conceptual study. Journal of Advanced Research in Dynamical and Control Systems, 12(3 Special Issue), 529-537.
  • 38.Schlaegel, C., Koenig, M. (2014). Determinants of Entrepreneurial Intent: A Meta-Analytic Test and Integration of Competing Models. Entrepreneurship: Theory and Practice, 38(2), 291-332.
  • 39.Stevenson, H. H., Jarillo, J. C. (2007). A Paradigm of Entrepreneurship: Entrepreneurial Management. In Á. Cuervo, D. Ribeiro, and S. Roig (Eds.), Entrepreneurship: Concepts, Theory and Perspective (pp. 155-170). Springer Berlin Heidelberg.
  • 40.Stoica, O., Roman, A. and Rusu, V. D. (2020). The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries. Sustainability, 12(3), 1186, Article 1186.
  • 41.Thornton, P. H., Ribeiro-Soriano, D. and Urbano, D. (2011). Socio-cultural factors and entrepreneurial activity: An overview. International Small Business Journal-Researching Entrepreneurship, 29(2), 105-118.
  • 42.Tsai, K. H., Chang, H. C. and Peng, C. Y. (2016). Refining the linkage between perceived capability and entrepreneurial intention: roles of perceived opportunity, fear of failure, and gender. International Entrepreneurship and Management Journal, 12(4), 1127-1145.
  • 43.Urbano, D., Aparicio, S. (2016). Entrepreneurship capital types and economic growth: International evidence. Technological Forecasting and Social Change, 102, 34-44.
  • 44.Valdez, M. E., Doktor, R. H., Singer, A. E. and Dana, L.-P. (2011). Impact of tolerance for uncertainty upon opportunity and necessity entrepreneurship. Human Systems Management, 30, 145-153.
  • 45.Van Gelderen, M., Kautonen, T. and Fink, M. (2015). From entrepreneurial intentions to actions: Self-control and action-related doubt, fear, and aversion. Journal of Business Venturing, 30(5), 655-673.
  • 46.van Vuuren, J., Alemayehu, B. Z. (2018). The role of entrepreneurship in transforming efficiency economies into innovation-based economies. The Southern African Journal of Entrepreneurship and Small Business Management, 10(1), 1-12.
  • 47.Watt, H. M. G., Richardson, P. W. (2007). Motivational Factors Influencing Teaching as a Career Choice: Development and Validation of the FIT-Choice Scale. The Journal of Experimental Education, 75(3), 167-202.
  • 48.Wong, P. X., Ho, Y. P. and Autio, E. (2005). Entrepreneurship, innovation and economic growth: Evidence from GEM data. Small Business Economics, 24(3), 335-350.
  • 49.Word Bank. (2021). The World Bank Group. The World Bank Group. Retrieved on 26 May 2021 from https://data.worldbank.org/
Uwagi
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-9da33d50-1a6d-4eba-a4ab-c540c3fdc99c
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