Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Erik Stam; Chantal Hartog; Andre van Stel; Roy Thurik

doi:10.1093/acprof:oso/9780199580866.003.0011

Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Erik Stam^*
, Chantal Hartog
, Andre van Stel
, Roy Thurik

^*Corresponding author for this work

Economics, in particular Organisation

EIM Business and Policy Research
Erasmus University Rotterdam
Vrije Universiteit Amsterdam

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

Abstract

This chapter examines the impact of ambitious entrepreneurship (entrepreneurs expecting to grow their firm) and established high-growth firms (firms that have actually realized high growth rates) on macroeconomic growth using a large sample of GEM data in high and low-income countries for the period 2002-2005. The empirical evidence shows that ambitious entrepreneurship accounts for the whole effect of entrepreneurship on macroeconomic growth but that this is not the case when low-income countries are considered. Also, in contrast to ambitious entrepreneurs, the chapter finds the contribution of established high-growth firms to macroeconomic growth to be negligible. No connection between their prevalence rates and the share of ambitious entrepreneurs is found.

Original language	English
Title of host publication	The Dynamics of Entrepreneurship
Subtitle of host publication	Evidence from Global Entrepreneurship Monitor Data
Publisher	Oxford University Press
Pages	231-250
ISBN (Electronic)	9780191728716
ISBN (Print)	9780199580866
DOIs	https://doi.org/10.1093/acprof:oso/9780199580866.003.0011
Publication status	Published - 22 Sept 2011

Bibliographical note

Publisher Copyright:
© Oxford University Press, 2013.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Ambitious entrepreneurship
Economic development
Entrepreneurship
GEM
High-growth firms
Macroeconomic growth

Access to Document

10.1093/acprof:oso/9780199580866.003.0011

10 Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic GrowthFinal published version, 1.54 MBLicence: Taverne

Cite this

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Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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