Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
© 2017 Yi Zhang
Using data from the Global Entrepreneurship Monitor, I explored the long-term effect of entrepreneurial activities on economic growth. With both cross-sectional and panel analysis, I found that it is not the overall participation in entrepreneurial activities that relates to economic growth but only the portion engaged in opportunity-motivated entrepreneurship that explains higher growth. On the contrary, the necessity-driven entrepreneurship negatively impacts economic growth. Further, I found that the positive effect of opportunity-motivated entrepreneurship is stronger for countries that are more developed and with better gender balance in entrepreneurial business. The positive effect is also bigger in more recent time periods.
Zhang, Yi, "The Long-Term Effects of Entrepreneurship on Economic Growth" (2017). CMC Senior Theses. 1636.
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