High Growth Firms, Public Policies and Economic Growth

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Suddle, Kashifa and Stam, Erik and Stel, André van (2006) High Growth Firms, Public Policies and Economic Growth. In: The 14th Annual High Technology Small Firms Conference : May 11-13, 2006 + May 10, 2006 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 10 May 2006 - 13 May 2006, Enschede, The Netherlands .

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Event: The 14th Annual High Technology Small Firms Conference : May 11-13, 2006 + May 10, 2006 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 10 May 2006 - 13 May 2006, Enschede, The Netherlands
Abstract:This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions are reflected in GDP growth for a sample of 36 countries. The rate of ambitious entrepreneurship is defined as the percentage of adult population that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old, and, in addition, expects to employ 20 employees or more within five years after the start of the firm. Our results suggest that higher levels of ambitious entrepreneurship contribute more strongly to macro-economic growth than higher levels of entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. The results in this paper are interpreted in light of the ongoing debate about public policies designed to stimulate high growth firms.
Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Entrepreneurial activity, high growth firms, growth ambitions, public policy, economic growth
Link to this item:http://purl.utwente.nl/proceedings/148
Organisation URL:http://www.utwente.nl/bms/nikos/
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