Entrepreneurship and economic growth: Fresh evidence of Iran

Majid Aghaei

doi:10.46661/rev.metodoscuant.econ.empresa.8424

Autores/as

Majid Aghaei university of Mazandaran https://orcid.org/0000-0003-0833-9781

DOI:

https://doi.org/10.46661/rev.metodoscuant.econ.empresa.8424

Palabras clave:

emprendimiento, crecimiento económico, Rezagos Distribuidos Autorregresivos (ARDL)

Resumen

El emprendimiento es un recurso vital e inagotable en todos los países, desempeñando un papel crucial en su desarrollo. Es un recurso valioso y rentable que gira en torno a la creatividad humana y la capacidad de innovar. Las sociedades que se basan en el capital humano y la capacidad intelectual en lugar de depender únicamente de los recursos naturales tienden a lograr un mayor éxito a largo plazo. Este estudio examina el impacto del emprendimiento en el crecimiento económico en Irán dentro del marco de un modelo de crecimiento. Se emplea el método de Rezagos Distribuidos Autorregresivos (ARDL) para analizar datos que abarcan desde 1980 hasta 2022. Los hallazgos revelan que varios índices de emprendimiento tienen un efecto positivo y significativo en el crecimiento económico de Irán durante el período de tiempo especificado. Los resultados del estudio indican la necesidad de implementar estrategias más avanzadas para acelerar la tasa de crecimiento y avanzar más rápidamente hacia el marco schumpeteriano. Los responsables de las políticas deben poner mayor énfasis en fomentar iniciativas emprendedoras innovadoras para lograr un crecimiento y desarrollo económico mejorados.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Adam Smith. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations.

https://doi.org/10.1093/oseo/instance.00043218 DOI: https://doi.org/10.1093/oseo/instance.00043218

Aghaei, M., Rezagholizadeh, M., Abdi Seyyedkolaee, M., & Mosavi, R. (2024). Investigation of 'The Financial Resources Curse' Hypothesis in Iraq: Application of ARDL and NARDL Models. Iranian Economic Review, (In press), -. doi: 10.22059/ier.2024.367447.1007836.

Aparicio, S., Urbano, D., & Audretsch, D. (2016). Institutional factors, opportunity entrepreneurship and economic growth: Panel Data Evidence. Technological Forecasting and Social Change, 102, 45-61.

https://doi.org/10.1016/j.techfore.2015.04.006 DOI: https://doi.org/10.1016/j.techfore.2015.04.006

Audretsch, D. B., & Thurik, A. R. (2004). A Model of the Entrepreneurial Economy. International Journal of Entrepreneurship Education, 2(2), 143-166.

Baumol, W. J. (1993). Entrepreneurship, management, and the structure of payoffs. Cambridge Journal of Economics, 17(1), 63-73.

Bosma, N., Sanders, M., & Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51(2), 483-499.

https://doi.org/10.1007/s11187-018-0012-x DOI: https://doi.org/10.1007/s11187-018-0012-x

Capelleras, J. L., Contin-Pilart, I., Larraza-Kintana, M., & Martin-Sanchez, V. (2019). Entrepreneurs' human capital and growth aspirations: The moderating role of regional entrepreneurial culture. Small Business Economics, 52(1), 3-25.

https://doi.org/10.1007/s11187-017-9985-0 DOI: https://doi.org/10.1007/s11187-017-9985-0

Cao, Z., & Shi, X. (2021). A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies. Small Business Economics, 57(1), 75-110.

https://doi.org/10.1007/s11187-020-00326-y DOI: https://doi.org/10.1007/s11187-020-00326-y

Dewi, S., Majid, M. S. A., Aliasuddin, A., & Kassim, S. H. (2018). Dynamics of financial development, economic growth and poverty alleviation: The Indonesian experience. The South East European Journal of Economics and Business, 13(1), 17-30.

https://doi.org/10.2478/jeb-2018-0002 DOI: https://doi.org/10.2478/jeb-2018-0002

Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica: Journal of the Econometric Society, 55(2), 251-276.

https://doi.org/10.2307/1913236 DOI: https://doi.org/10.2307/1913236

Gaba, A. K., & Gaba, N. (2022). Entrepreneurial activity and economic growth of BRICS countries: Retrospect and prospects. Journal of Entrepreneurship, 31(2), 402-424.

https://doi.org/10.1177/09713557221097160 DOI: https://doi.org/10.1177/09713557221097160

Galindo-Martín, M. Á., Castaño-Martínez, M. S., & Méndez-Picazo, M. T. (2021). The role of entrepreneurship in different economic phases. Journal of Business Research, 122, 171-179.

https://doi.org/10.1016/j.jbusres.2020.08.050 DOI: https://doi.org/10.1016/j.jbusres.2020.08.050

Galindo, M.A. & Méndez, M.T, (2014). Entrepreneurship, economic growth, and innovation: Are feedback effects at work? Journal of Business Research, 67(5), 825-829.

https://doi.org/10.1016/j.jbusres.2013.11.052 DOI: https://doi.org/10.1016/j.jbusres.2013.11.052

Gautam, S., & Lal, M. (2021). Entrepreneurship and economic growth: Evidence from G-20 economies. Journal of East-West Business, 27(2), 140-159.

https://doi.org/10.1080/10669868.2020.1859427 DOI: https://doi.org/10.1080/10669868.2020.1859427

González-Sánchez, V., Antonio Martínez, R., & de los Ríos-Sastre, S. (2020). An empirical study for European countries: Factors affecting economic growth and self-employment by gender. Sustainability (Switzerland), 12(22), 1-15.

https://doi.org/10.3390/su12229450 DOI: https://doi.org/10.3390/su12229450

Gould, J. P. (1972). The origins of status hierarchies: A formal theory and empirical test. American Journal of Sociology, 78(4), 1078-1108.

Gu, W., & Wang, J. (2022). Research on index construction of sustainable entrepreneurship and its impact on economic growth. Journal of Business Research, 142, 266-276.

https://doi.org/10.1016/j.jbusres.2021.12.060 DOI: https://doi.org/10.1016/j.jbusres.2021.12.060

Hayek, F. A. (1945). The Use of Knowledge in Society. The American Economic Review, 35(4), 519-530.

Holcombe, R. G. (1998). Entrepreneurship and Economic Growth. The Quarterly Journal of Austrian Economics, 1(2), 45-62.

https://doi.org/10.1007/s12113-998-1008-1 DOI: https://doi.org/10.1007/s12113-998-1008-1

Johnson, B. R. (1990). Toward a multi-dimensional model of entrepreneurship: The case of achievement motivation and the entrepreneur. Entrepreneurship Theory and Practice, 14(3), 39-54.

https://doi.org/10.1177/104225879001400306 DOI: https://doi.org/10.1177/104225879001400306

Kremers, J. J., Ericsson, N. R., & Dolado, J. J. (1992). The power of cointegration tests. Oxford Bulletin of Economics and Statistics, 54(3), 325-347.

https://doi.org/10.1111/j.1468-0084.1992.tb00005.x DOI: https://doi.org/10.1111/j.1468-0084.1992.tb00005.x

Kirzner, I. M. (1973). Competition and Entrepreneurship. The University of Chicago Press.

Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22, 3-42.

https://doi.org/10.1016/0304-3932(88)90168-7 DOI: https://doi.org/10.1016/0304-3932(88)90168-7

Narayan, P. K. (2005). The saving and investment nexus for China: Evidence from cointegration tests. Applied Economics, 37(17), 1979-1990. https://doi.org/10.1080/00036840500278103. DOI: https://doi.org/10.1080/00036840500278103

Neves, P. C., Afonso, Ó., & Silva, S. T. (2016). A meta-analytic reassessment of the effects of inequality on growth. World Development, 78, 386-400.

https://doi.org/10.1016/j.worlddev.2015.10.038 DOI: https://doi.org/10.1016/j.worlddev.2015.10.038

Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Economics, 16(3), 289-326.

https://doi.org/10.1002/jae.616 DOI: https://doi.org/10.1002/jae.616

Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.

https://doi.org/10.1002/jae.951 DOI: https://doi.org/10.1002/jae.951

Prasetyo, P. E., & Kistanti, N. R. (2020). Human capital, institutional economics and entrepreneurship as a driver for quality and sustainable economic growth. Entrepreneurship and Sustainability Issues, 7(4), 2575.

https://doi.org/10.9770/jesi.2020.7.4(1) DOI: https://doi.org/10.9770/jesi.2020.7.4(1)

Pradhan, R., Rvin, M., Nair, M., & Bennett, S. (2020). The dynamics among entrepreneurship, innovation, and economic growth in the Eurozone countries. Journal of Policy Modeling, 42(5), 1106-1122.

https://doi.org/10.1016/j.jpolmod.2020.01.004 DOI: https://doi.org/10.1016/j.jpolmod.2020.01.004

Prieger, J. E., Bampoky, C., Blanco, L. R., & Liu, A. (2016). Economic growth and the optimal level of entrepreneurship. World Development, 82, 95-109.

https://doi.org/10.1016/j.worlddev.2016.01.013 DOI: https://doi.org/10.1016/j.worlddev.2016.01.013

Ramsey, F. P. (1928). A mathematical theory of saving. Economic Journal, 38(152), 543-559.

https://doi.org/10.2307/2224098 DOI: https://doi.org/10.2307/2224098

Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5, Part 2), S71-S102.

https://doi.org/10.1086/261725 DOI: https://doi.org/10.1086/261725

Salazar, M. (2004). An introduction on entrepreneurship. Translated by Siamat Notagh. 1st edition. National Productivity Organization of Iran.

Schmitz, J. A. (1989). Imitation, entrepreneurship, and long-run growth. Journal of Political Economy, 97(3), 721-739.

https://doi.org/10.1086/261624 DOI: https://doi.org/10.1086/261624

Schumpeter, J. A. (1911). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Harvard University Press.

Shan, S., Locke, E., & Collin, C. (2003). Entrepreneurial motivation. Human Resource Management Review, 13, 257-279.

https://doi.org/10.1016/S1053-4822(03)00017-2 DOI: https://doi.org/10.1016/S1053-4822(03)00017-2

Stam, E., & Van de Ven, A. (2021). Entrepreneurial ecosystem elements. Small Business Economics, 56(2), 809-832.

https://doi.org/10.1007/s11187-019-00270-6 DOI: https://doi.org/10.1007/s11187-019-00270-6

Solow, R. M. (1956). A contribution to the theory of economic growth. The Quarterly Journal of Economics, 70(1), 65-94.

https://doi.org/10.2307/1884513 DOI: https://doi.org/10.2307/1884513

Szerb, L., Lafuente, E., Horváth, K., & Páger, B. (2019). The relevance of quantity and quality entrepreneurship for regional performance: The moderating role of the entrepreneurial ecosystem. Regional Studies, 53(9), 1308-1320.

https://doi.org/10.1080/00343404.2018.1510481 DOI: https://doi.org/10.1080/00343404.2018.1510481

Urbano, D., & Aparicio, S. (2016). Entrepreneurship capital types and economic growth: International evidence. Technological Forecasting and Social Change, 102, 34-44.

https://doi.org/10.1016/j.techfore.2015.02.018 DOI: https://doi.org/10.1016/j.techfore.2015.02.018

Tahir, M., & Burki, U. (2023). Entrepreneurship and economic growth: Evidence from the emerging BRICS economies. Journal of Entrepreneurship and Public Policy, 12(3), 345-367. https://doi.org/10.1108/JEPP-04-2022-0031.

Urbano, D., Aparicio, S., & Audretsch, D. (2019). Twenty-five years of research on institutions, entrepreneurship, and economic growth: What has been learned? Small Business Economics, 53(1), 21-49.

https://doi.org/10.1007/s11187-018-0038-0 DOI: https://doi.org/10.1007/s11187-018-0038-0

Urbano, D., Audretsch, D., Aparicio, S., & Noguera, M. (2020). Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment. International Entrepreneurship and Management Journal, 16(3), 1065-1099.

https://doi.org/10.1007/s11365-019-00621-5 DOI: https://doi.org/10.1007/s11365-019-00621-5

Wennekers, S., van Stel, A., Thurik, R., & Reynolds, P. (2005). Nascent entrepreneurship and the level of economic development. Small Business Economics, 24(3), 293-309.

https://doi.org/10.1007/s11187-005-1994-8 DOI: https://doi.org/10.1007/s11187-005-1994-8