Economic Convergence and Entrepreneurship: Searching for Interrelationship on the Example of the European Union Countries

• Autorzy: Agnieszka Głodowska
• Języki publikacji: EN

Abstrakty

EN

The aim of the article is to present the findings of preliminary research into relationship between entrepreneurship and economic convergence. Entrepreneurship was expressed with Total Entrepreneurial Activity (TEA) measure, economic growth with Gross Domestic Product (GDP) per capita according to PPS, and convergence as beta type convergence. The research was carried out for the selected European Union countries in years: 2004-2016. The research methods used in the study are analyses and syntheses of literature concerning economic growth, convergence and international entrepreneurship. The relationship of ntrepreneurship with the economic growth and convergence was shown on a scatter diagram and based on Pearson correlation coefficient. The combination of these two research areas is the value added of the paper. The research confirmed the existence of the relation between these categories. It was shown on a scatter diagram and estimated based on correlation coefficient. The results are not univocal for all analysed economies. However, it should be emphasised that the preliminary research is encumbered with severe limitations, which requires to exercise caution when drawing uncompromising conclusions. The limitations concern the reliability of the entrepreneurship measure at the level of a country, as well as the introduced quantitative research quantity. It is strongly recommended to conduct further, in-depth research with the use of advanced statistical and econometric methods. (original abstract)

Słowa kluczowe

EN

Entrepreneurship; International entrepreneurship; Economic growth; Convergence

PL

Przedsiębiorczość; Przedsiębiorczość międzynarodowa; Wzrost gospodarczy; Konwergencja

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2018
• Numer: t. 19, z. 10, cz. 3 Współczesna organizacja w procesie internacjonalizacji
• Strony: 9--22

Twórcy

autor

Agnieszka Głodowska

• Cracow University of Economics, Poland

Bibliografia

• Acs Z.J., Desai S., Hessels J. (2008), Entrepreneurship, economic development and institutions, "Small Business Economics", Vol. 31, No. 3, pp. 219-234.
• Aghion P., Griffith R. (2005), Competition and growth: Reconciling theory and evidence, MIT Press, Cambridge.
• Audretsch D.B., Thurik A.R. (2001), What's new about the new economy? From the managed to the entrepreneurial economy, "Industrial and Corporate Change", Vol. 10, No. 1, pp. 267-315.
• Audretsch D.B., Fritsch M. (2002), Growth Regimes over Time and Space, "Regional Studies", Vol. 36, pp. 113-124.
• Audretsch D.B., Keilbach M., Lehmann E.E. (2006), Entrepreneurship and Economic growth, Oxford University Press, New York.
• Balcerzak A.P., Pietrzak M.B. (2015), Quality of Institutions for Global Knowledge-based Economy and Convergence Process in the European Union, "Ekonomia", Vol. 42, pp. 93-106.
• Barro R.J., Sala-i-Martin X. (1992), Convergence, "The Journal of Political Economy", Vol. 100, No. 2, pp. 223-251.
• Barro R.J., Sala-i-Martin X. (2004), Economic Growth, The MIT Press, London.
• Blanchflower D.G. (2000), Self-employment in OECD countries, "Labour Economics", Vol. 7, pp. 471-505.
• Boyle G., McCarthy T. (1997), A Simple Measure of Beta-Convergence, "Oxford Bulletin of Economics and Statistics", Vol. 59, No. 2, pp. 257-264.
• Braunerhjelm P., Acs Z.J., Audretsch D.B., Carlsson B. (2010), The missing link: knowledge diffusion and entrepreneurship in endogenous growth, "Small Business Economics", Vol. 34, pp. 105-125.
• Campbell H.S., James R.D., Kunkle G.M. (2016), Sustained Firm Growth and Regional Income Convergence, "Papers in Applied Geography", Vol. 2, No. 1, pp. 49-65.
• Carree M., von 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", Vol. 19, No. 3, pp. 271-290.
• Caves R.E. (1998), Industrial Organization and New Findings on the Turnover and Mobility of Firms, "Journal of Economic Literature", Vol. 36, pp. 1947-1982.
• Cieślik A., Michałek J., Mycielski J. (2009), Prognoza skutków handlowych przystąpienia do Europejskiej Unii Monetarnej dla Polski przy użyciu uogólnionego modelu grawitacyjnego, "Bank i Kredyt", Vol. 40, No. 1, pp. 69-88.
• Dunne J.P., Masiyandima N. (2017), Bilateral FDI from South Africa and Income Convergence in SADC, "African Development Review", Vol. 29, No. 3, pp. 405-415.
• Fotopoulos G. (2012), Nonlinearities in regional economic growth and convergence: the role of entrepreneurship in the European union regions, "The Annals of Regional Science", Vol. 48, No. 3, pp. 719-741.
• Głodowska A. (2017), Business Environment and Economic Growth in the European Union Countries: What Can be Explained for the Convergence?, "Entrepreneurial Business and Economics Review", Vol. 5, No. 4, pp. 189-204.
• Grauwe de P., Schnable G. (2005), Nominal versus Real Convergence - EMU Entry Scenarios for the New Member States, "Kyklos", Vol. 58, No. 4, pp. 537-555.
• Ho C.-O., Wang W., Yu J. (2013), Growth spillover through trade: A spatial dynamic panel data approach, "Economics Letters", Vol. 120, No. 3, pp. 450-453.
• Islam N. (2003), What have we learnt from the convergence debate?, "Journal of Economic Surveys", Vol. 17, No. 3, pp. 309-362.
• Kubielas S. (2009), Innowacje i luka technologiczna w gospodarce globalnej opartej na wiedzy. Strukturalne i makroekonomiczne uwarunkowania, Wydawnictwo Uniwersytetu Warszawskiego, Warszawa.
• Kusideł E. (2013), Konwergencja gospodarcza w Polsce i jej znaczenie w osiąganiu celów polityki spójności, Wydawnictwo Uniwersytetu Łódzkiego, Łódź.
• Lucas R.E. (1988), On the Mechanics of Economic Development, "Journal of Monetary Economics", Vol. 22, pp. 3-42.
• Nowak W. (2007), Konwergencja w modelach endogenicznego wzrostu gospodarczego, Kolonia Limited, Wrocław.
• Podkaminer L. (2015), Central and Eastern Europe: Trapped in integration?, "Acta Oeconomica", Vol. 65, pp. 83-106.
• Porter M.E., Stern S. (2014), Clusters, Convergence, and Economic Performance, "Research Policy", Vol. 43, No. 10, pp. 1785-1799.
• Raiser M., Wes M., Yilmaz A. (2016), Beyond convergence: Poland and Turkey en route to high income, "Central Bank Review", Vol. 16, No. 1, pp. 7-17.
• Rapacki R., Próchniak M. (2009), The EU Enlargement and Economic Growth in the CEE New Member Countries, "European Economy. Economic Papers", Vol. 367, pp. 1-27.
• Romer P.M. (1986), Increasing Returns and Long Run Growth, "Journal of Political Economy", Vol. 94, pp. 1002-1037.
• Santillan-Salgado R.J., Ortega-Diaz A. (2017), Is there Convergence or Divergence in the International Competitiveness of the Eurozone Countries? [in:] R. Mirdala, R. Rosaria (eds.), Economic Imbalances and Institutional Changes to the Euro and the European Union, Emerald Publishing Limited, Bingley, pp. 387-416.
• Schumpeter J. (1947), The creative response in economic history, "Journal of Economic History", Vol. 7, pp. 149-159.
• Schmitz J. (1989), Imitation, Entrepreneurship, and Long-Run Growth, "Journal of Political Economy", Vol. 97, pp. 721-739.
• Segerstrom P., Anant T.C., Dinopoulos E. (1990), A Schumpeterian Model of the Product Life Cycle, "American Economic Review", Vol. 80, pp. 1077-1091.
• Segerstrom P. (1991), Innovation, Imitation and Economic Growth, "Journal of Political Economy", Vol. 99, pp. 190-207.
• Wach K. (2015), Przedsiębiorczość jako czynnik rozwoju społeczno - gospodarczego: przegląd literatury, "Przedsiębiorczość - Edukacja", Vol. 11, pp. 24-36.
• Wałęga A. (2014), Spójność ekonomiczna regionów Polski przed i po przystąpieniu do Unii Europejskiej, "Studia Ekonomiczne", Vol. 203, pp. 172-180.
• Zhang J. (2006), International trade, convergence and integration, Eighth Meeting of the European Trade Study Group Vienna, Vienna.