Acs, Zoltan J. (2010) Entrepreneurship and economic development: the valley of backwardness. Annals of Innovation and Entrepreneurship, 1 (1). ISSN 2000-7396
Full text not available from this repository.Abstract
This paper identifies the impact of productive, unproductive, and destructive entrepreneurship on social value creation. The paper constructs a Global Entrepreneurship and Development Index (GEDI) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped. It is seen that the stages of development are more varied at the innovation-driven stage than at either the factor-driven stage or the efficiency-driven stage. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be fully deployed.
| Item Type: | Article |
|---|---|
| Official URL: | http://journals.co-action.net/index.php/aie/index |
| Additional Information: | © 2010 The Author |
| Divisions: | Management |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | O - Economic Development, Technological Change, and Growth > O1 - Economic Development |
| Date Deposited: | 10 Apr 2014 10:20 |
| Last Modified: | 11 Dec 2024 23:50 |
| URI: | http://eprints.lse.ac.uk/id/eprint/56465 |
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