Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Manfred Keil

Terms of Use & License Information

Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 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.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.