Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth
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Publication date
2011-09-22
Authors
Stam, Erik
Hartog, Chantal
van Stel, Andre
Thurik, Roy
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Abstract
This chapter examines the impact of ambitious entrepreneurship (entrepreneurs expecting to grow their firm) and established high-growth firms (firms that have actually realized high growth rates) on macroeconomic growth using a large sample of GEM data in high and low-income countries for the period 2002-2005. The empirical evidence shows that ambitious entrepreneurship accounts for the whole effect of entrepreneurship on macroeconomic growth but that this is not the case when low-income countries are considered. Also, in contrast to ambitious entrepreneurs, the chapter finds the contribution of established high-growth firms to macroeconomic growth to be negligible. No connection between their prevalence rates and the share of ambitious entrepreneurs is found.
Keywords
Ambitious entrepreneurship, Economic development, Entrepreneurship, GEM, High-growth firms, Macroeconomic growth, Taverne, General Business,Management and Accounting, SDG 8 - Decent Work and Economic Growth
Citation
Stam, E, Hartog, C, van Stel, A & Thurik, R 2011, Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth. in The Dynamics of Entrepreneurship : Evidence from Global Entrepreneurship Monitor Data. Oxford University Press, pp. 231-250. https://doi.org/10.1093/acprof:oso/9780199580866.003.0011