- Autor
- González Sánchez Víctor M. (UNED - National University of Distance Education, Spain)
- Tytuł
- Self-employment, Knowledge and Economic Growth : an Empirical Study for Latin American Countries
- Źródło
- Contemporary Economics, 2018, vol. 12, nr 4, s. 473-483, tab., bibliogr. 66 poz.
- Tytuł własny numeru
- Digital Transformations and Value Creation in International Markets
- Słowa kluczowe
- Samozatrudnienie, Przedsiębiorczość, Wiedza, Wzrost gospodarczy, Edukacja, Bezrobocie, Podatki
Self-employment, Entrepreneurship, Knowledge, Economic growth, Education, Unemployment, Taxes - Uwagi
- Klasyfikacja JEL: L26, O4, E24, H2
summ. - Kraj/Region
- Ameryka Łacińska
Latin America - Abstrakt
- There has been a numerous amount of economic research carried out which has aimed at identifying the factors that could contribute positively to economic growth. The economic literature available on this matter appears to acknowledge that entrepreneurship is one of the elements that could positively contribute to this growth. Among other factors, both entrepreneurship and knowledge are generally considered to play an important role regarding this macro-economic goal. Bearing this in mind, the positive bond that exists between both of them, which also contributes to economic growth and improvements in welfare, is increasingly analyzed in the different economic studies available. The goal of this paper is to empirically analyze the existing relationship between economic growth, knowledge and entrepreneurship within the context of Latin American countries during the period 2001-2016. For this purpose, the self-employment variable has been used as an empirical proxy of entrepreneurship. In general, the availability of reliable statistical information on entrepreneurship is quite limited especially in the case of the Latin American countries. Consequently, this is one of the reasons why there is a lack of unanimity as to the application of one dataset or another to measure entrepreneurship in the analysis. Therefore, although it is true that there is certain disagreement regarding the use of the aforementioned empirical proxy, there are, however, several references in favor of the use of self-employment statistics in the analysis of entrepreneurship. In order to do so, first of all we study the existing link between economic growth and certain determining factors such as public expenditure, investment, human capital, knowledge and entrepreneurship. Afterwards, we analyze the effects on entrepreneurship caused by such factors as, for example, unemployment, taxes and education (as a proxy of knowledge). (original abstract)
- Pełny tekst
- Pokaż
- Bibliografia
- Acs, Z. J., & Audretsch, D. B. (Eds.). (2010). Handbook of Entrepreneurship Research. An Interdisciplinary Survey and Introduction (2nd ed.). New York, NY: Springer.
- Alesina, A., & Rodrik, D. (1994). Distribution policies and economic growth? Quarterly Journal of Economics, 109, 465-490.
- Audretsch, D. B., Carree, M. A., & Thurik, A. R. (2001). Does Entrepreneurship Reduce Unemployment? (Tinbergen Institute Discussion Paper, No. 01-074/3). Tinbergen Institute. Retrieved from http://hdl.handle.net/10419/85927
- Audretsch, D. B., Keilbach, M. C., & Lehmann, E. E. (2006). Entrepreneurship and Economic Growth. Oxford, UK: Oxford University Press.
- Audretsch, D. B., & Thurik, A. R. (2000). Capitalism and Democracy in the 21st Century: from the Managed to the Entrepreneurial Economy. Journal of Evolutionary Economics, 10, 17-34.
- Auerbach, A. J., Hassett, K. A., & Oliner, S. D. (1994). Reassessing the social returns to equipment investment. Quarterly Journal of Economics, 109(3), 789-802.
- Barro, R. J. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics, 106(2), 407-443.
- Bjuggren, C. M., Johansson, D., & Stenkula, M. (2010). Using Self-employment as Proxy for Entrepreneurship: Some Empirical Caveats (Working Paper No. 845). Research Institute of Industrial Economics. Retrieved from http://www.ifn.se/wfiles/wp/wp845.pdf
- Blanchflower, D. G. (2000). Self-employment in OECD countries. Labour Economics, 7, 471-505.
- Box, M., Lin, X., & Gratzer, K. (2016). Linking Entrepreneurship and Economic Growth in Sweden, 1850-2000. In: D. Bögenhold, J. Bonnet, M. Dejardin, & D. Garcia Pérez de Lema (Eds.), Contemporary Entrepreneurship: Multidisciplinary Perspectives on Innovation and Growth (pp. 31-49). Cham: Springer.
- Braunerhjelm, P. (2010). Entrepreneurship, Innovation and Economic Growth - past experience, current knowledge and policy implications (Working Paper No. 224). Centre of Excellence for Science and Innovation Studies. Retrieved from https://www.diva-portal.org/smash/get/diva2:484894/FULLTEXT01.pdf
- Brenes, E., & Haar, J. (Eds.). (2012). The Future of Entrepreneurship in Latin America. London, UK: Palgrave Macmillan.
- Bruce, D. (2002). Taxes and Entrepreneurial Endurance: Evidence from the Self-Employed. National Tax Journal, 55(1), 5-24.
- Bruce, D. (2000). Effects of the United States Tax System on Transitions into Self-Employment. Labour Economics, 7(5), 545-574.
- Bullini Orlandi, L. (2017). Am I an Entrepreneur? Identity Struggle in the Contemporary Women Entrepreneurship Discourse. Contemporary Economics, 11(4), 487-498.
- Cáceres, L. R., & Cáceres, S. A. (2017). Self-employment in Latin America. Journal of Developing Areas, 51(3), 33-49.
- Cagetti, M., & De Nardi, M. (2006). Entrepreneurship, frictions, and wealth. Journal of Political Economy, 114(5), 835-870.
- Carree, M., Van Stel, A., Thurik, R., & Wennekers, S. (2002). Economic development and business ownership: an analysis using data of 23 OECD countries in the period 1976-1996. Small Business Economics, 19, 271-290.
- Carree, M., Van Stel, A., Thurik, R., & Wennekers, S. (2007). The relationship between economic development and business ownership revisited. Entrepreneurship and Regional Development, 19, 281-291.
- Cortés Aguilar, A., García Muñoz, T. M., & Moro-Egido, A. I. (2013). Heterogeneous self-employment and satisfaction in Latin America. Journal of Economic Psychology 39, 44-61.
- Cullen, J. B., & Gordon, R. H. (2002). Taxes and Entrepreneurial Activity: Theory and Evidence for the U.S (Working Paper No. 9015). National Bureau of Economic Research. Retrieved from https://www.nber.org/papers/w9015.pdf
- Djankov, S., Ganser, T., McLiesh, C., Ramalho, R., & Shleifer, A. (2010). The Effect of Corporate Taxes on Investment and Entrepreneurship. American Economic Journal: Macroeconomics, 2(3), 31-64.
- Doms, M., Lewis, E., & Robb, A. (2010). Local labor force education, new business characteristics, and firm performance. Journal of Urban Economics, 67, 61-77.
- ECLAC. (2018). CEPALSTAT Indicators Database. Available at http://estadisticas.cepal.org/cepalstat/WEB_CEPALSTAT/estadisticasIndicadores.asp?idioma=i
- ECLAC-ILO. (2017). Employment Situation in Latin America and the Caribbean. Labour immigration in Latin America. Retrieved from https://repositorio.cepal.org/bitstream/handle/11362/41371/1/S1700341_en.pdf
- Engelbrecht, H. J. (2003). Human capital and economic growth: cross-section evidence for OECD countries. Economic Record, 79, 40-51.
- Evans, D., & Leighton, L. (1989). Some Empirical Aspects of Entrepreneurship. American Economic Review, 79(3), 519-535.
- Eversole, R (2003). My Business Pays Me: Labourers and Entrepreneurs among the Self-Employed Poor in Latin America. Bulletin of Latin American Research, 22(1), 102-116.
- Faggio, G., & Silva, O. (2012). Does Self-Employment Measure Entrepreneurship? Evidence from Great Britain (Discussion Paper No. 109). Spatial Economics Research Centre. Retrieved from http://eprints.lse.ac.uk/57919/
- Faggio, G., & Silva, O. (2014). Self-employment and entrepreneurship in urban and rural labour markets. Journal of Urban Economics, 84, 67-85.
- Folta, T. B., Delmar, F., & Wennberg, K. (2010). Hybrid Entrepreneurship (Working Paper No. 825). Research Institute of Industrial Economics. Retrieved from http://www.ifn.se/wfiles/wp/wp825.pdf
- Goetz, S. J., Fleming, D. A., & Rupasingha, A. (2012). The Economic Impacts of Self-Employment. Journal of Agricultural and Applied Economics, 44 (3), 315-321.
- González, P. A., Cunningham, W., & Maloney, W. F. (2010). The Decision to Become Informal Self-Employed in Latin America. In: H. S. Esfahani, G. Facchini, & G. J. D. Hewings (Eds.), Economic Development in Latin America (pp. 62-72). London, UK: Palgrave Macmillan.
- González-Sánchez, V. M. (2015). Factors Promoting Entrepreneurship in European Countries: Unemployment, Taxes, and Education. Journal of Promotion Management, 21(4), 492-503.
- Highfield, R., & Smiley, R. (1987). New Business Starts and Economic Activity: An Empirical Investigation. International Journal of Industrial Organization, 5, 51-66.
- Holcombe, R. G. (1998). Entrepreneurship and Economic Growth. The Quarterly Journal of Austrian Economics, 1, 45-62.
- Hunt, S. D. (2012). Understanding the Drivers of Economic Growth: Grounding Endogenous Economic Growth Models in Resource-Advantage Theory. Contemporary Economics, 6(4), 4-8.
- Hurst, E., & Pugsley, B. (2010). Non Pecuniary Benefits of Small Business Ownership (Working Paper). University of Chicago. Retrieved from https://conference.nber.org/conferences/2010/SI2010/ENT/Hurst_Pugsley.pdf
- Ilie, C., Cardoza, G., Fernández, A. & Tejada, H. (2018). Entrepreneurship and Gender in Latin America, Social Science Research Network. Available at https://ssrn.com/abstract=3126888 or http://dx.doi.org/10.2139/ssrn.3126888
- ILO. (2018). ILOSTAT - ILO Database of Labour Statistics. Available at https://www.ilo.org/global/statistics-and-databases/lang-en/index.htm
- Kitao, S. (2008). Entrepreneurship, Taxation and Capital Investment. Review of Economic Dynamics, 11(1), 44-69.
- Korez-Vide R., & Tominc P. (2016). Competitiveness, Entrepreneurship and Economic Growth. In: P. Trąpczyński, Ł. Puślecki, & M. Jarosiński (Eds.), Competitiveness of CEE Economies and Businesses (pp. 25-44). Cham: Springer.
- Kritikos, A. S. (2014). Entrepreneurs and their impact on jobs and economic growth (IZA World of Labor, 8). Institute of Labor Economics. Retrieved from https://wol.iza.org/uploads/articles/8/pdfs/entrepreneursand-their-impact-on-jobs-and-economic-growth.pdf
- Lora, E., & Castellani, F. (Eds.) (2014). Entrepreneurship in Latin America: A Step Up the Social Ladder? Washington, DC: Inter-American Development Bank.
- Madsen, J. B. (2002). The Causality between Investment and Economic Growth, Economics Letters. January, 74(2), 157-163.
- Margolis, D. N. (2014). By Choice and by Necessity: Entrepreneurship and Self-Employment in the Developing World (Discussion Paper No. 8273). Institute of Labor Economics. Retrieved from http://ftp.iza.org/dp8273.pdf
- Minniti, M. (2010). Female Entrepreneurship and Economic Activity. The European Journal of Development Research, 22 (3), 294-312.
- Moore, K. (2003, December). The Effects of the 1986 and 1993 Tax Reforms on Self-Employment. Paper presented at the Ninety-Fifth Annual Conference on Taxation. Orlando, FL.
- Nissan, E., Galindo Martín, M. Á., & Méndez Picazo, M. T. (2011). Relationship between organizations, institutions, entrepreneurship and economic growth process. International Entrepreneurship and Management Journal, 7, 311-324.
- OECD. (2017). Revenue Statistics in Latin America and the Caribbean 2017. Retrieved from http://dx.doi.org/10.1787/rev_lat_car-2017-en-fr
- Paulson, A., Townsend, R., & Karaivanov, A. (2006). Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship. Journal of Political Economy 114(1), 100-144.
- Remeikiene, R., & Startiene, G. (2009). Does the Interaction between Entrepreneurship and Unemployment Exist? Economics and Management, 14, 903-911.
- Reynolds, P., Miller, B., & Maki, W. R. (1995). Explaining Regional Variation in Business Births and Deaths: U.S. 1976-1988. Small Business Economics, 7(5), 389-707.
- Ríos, G. (2017). Innovation and Entrepreneurship in Latin America, EU-LAC Newsletter 11/2017, 7-8.
- Saint-Paul, G., & Verdier, T. (1993). Education, democracy and growth. Journal of Development Economics, 42(2), 399-407.
- Sanandaji, T. (2010). Self-Employment Does Not Measure Entrepreneurship. Chicago, IL: The Institute for Industrial Economics, University of Chicago.
- Schuetze, H., & Bruce, D. (2004). Tax policy and entrepreneurship. Swedish Economic Policy Review, 11, 233-265.
- Schumpeter, J. A. (1934). The Theory of Economic Development, Cambridge, MA: Harvard University Press.
- Terjesen, S., & Amorós Espinosa, J. (2010). Female Entrepreneurship in Latin America and the Caribbean: Characteristics, Drivers and Relationship to Economic Development. The European Journal of Development Research, 22(3), 313-330.
- UNCTAD. (2004). Entrepreneurship and Economic Development: The EMPRETEC Showcase. Retrieved from https://unctad.org/en/docs/webiteteb20043_en.pdf
- UNESCO. (2018). UIS.Stat Database. Available at http://data.uis.unesco.org/
- Van der Sluis, J., Van Praag, M., & Vijverberg, W. (2008). Education and entrepreneurship selection and performance: A review of the empirical literature. Journal of Economic Surveys, 22(5), 795-841.
- Van der Sluis, J., Van Praag, M., & Van Witteloostuijn, A. (2007). Why are the returns to education higher for entrepreneurs than for employees? (Discussion Paper No. 3058). Institute of Labor Economics. Retrieved from http://repec.iza.org/dp3058.pdf
- Van Stel, A. (2006). Empirical Analysis of Entrepreneurship and Economic Growth. International Studies in Entrepreneurship 13. New York, NY: Springer.
- Van Stel, A., Carree, M., & Thurik, R. (2004). The effect of entrepreneurship on national economic growth: An analysis using the GEM database (SCALES-paper N200320). EIM Business and Policy Research. Retrieved from http://papers.econ.mpg.de/egp/discussionpapers/2004-34.pdf
- Wennekers, S., & Thurik, R. (1999). Linking Entrepreneurship and Economic Growth. Small Business Economics, 13, 27-55.
- Cytowane przez
- ISSN
- 2084-0845
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.5709/ce.1897-9254.291