The influence of entrepreneurship on economic growth in BRICS economies

3区经济学 Q1 Economics, Econometrics and Finance Economic Research-Ekonomska Istrazivanja Pub Date : 2023-11-08 DOI:10.1080/1331677x.2023.2275582

Frank Ranganai Matenda, Mabutho Sibanda

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Abstract

This study employs correlation analysis and a fixed effects model premised on indexes extracted through principal component analysis to assess the effects of entrepreneurial attitudes and behaviour, and entrepreneurial framework conditions (EFCs) on economic growth in BRICS economies. For purposes of effectiveness, a panel dataset for entrepreneurial attitudes and behaviour, and EFCs indicators is pooled from the Global Entrepreneurship Monitor website, and one for gross domestic product (GDP) per capita, a proxy for economic growth, is sourced from the World Bank website over the period 2001-2021. The study reveals that there are statistically significant negative correlations between GDP per capita and ‘entrepreneurial intentions rate’, ‘perceived capabilities rate’, ‘perceived opportunities rate’, ‘governmental support and policies’, ‘taxes and bureaucracy’, ‘governmental programmes’, ‘internal market openness’, ‘physical and services infrastructure’ and ‘cultural and social norms’. Furthermore, entrepreneurial attitudes and behaviour positively impact GDP per capita, whereas EFCs have no significant influence on GDP per capita in BRICS economies.

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创业对金砖国家经济增长的影响

本研究采用相关分析和固定效应模型，以主成分分析提取的指标为前提，评估创业态度和行为以及创业框架条件(EFCs)对金砖国家经济增长的影响。为了提高效率，关于创业态度和行为的面板数据集以及EFCs指标来自全球创业观察网站，关于人均国内生产总值(GDP)的面板数据集(经济增长的代表)来自世界银行网站2001-2021年期间的数据。研究表明，人均GDP与“创业意向率”、“感知能力率”、“感知机会率”、“政府支持和政策”、“税收和官僚主义”、“政府计划”、“内部市场开放度”、“物理和服务基础设施”以及“文化和社会规范”之间存在统计学上显著的负相关。此外，创业态度和行为对人均GDP有积极影响，而EFCs对金砖国家经济体的人均GDP没有显著影响。

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来源期刊

Economic Research-Ekonomska Istrazivanja ECONOMICS-

CiteScore

7.10

自引率

0.00%

发文量

351

审稿时长

45 weeks

期刊介绍： Economic Research-Ekonomska Istraživanja publishes rigorous scientific papers which make a significant contribution to any field of economics – theoretical, applied or empirical – with special attention given to experiences of the transition from socialism to market economies in Eastern Europe. New research on regional development in other geographical areas is welcomed, particularly papers addressing theoretical and empirical issues in economics for countries in transition and former transitional economies. The journal encourages submissions that explore broad economic topics that can contribute to the development of economics as a discipline, discussing important economic issues both from an orthodox or heterodox point of view.