Endogenous growth theory assigns an important role for entrepreneurship in the process of economic development. This … paper sets to formally test the impact of entrepreneurship on economic growth. Entrepreneurship is represented by a number … of proxy variables, whereas Total Factor Productivity is used as a measure of economic growth. Panel data of 26 European …

We explore empirically the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In … particular, we investigate whether entrepreneurship and institutions, either independently or in combination in an ecosystem …, represent the “missing link” in explaining cross country differences in productivity. To do this, we introduce a new concept …

facilitate their entry into entrepreneurship or the growth of their small ventures. These are typically subsistence businesses … entrepreneurship. In recent decades, efforts have increased to provide the world's poorest with financing and other assistance to …