The Impact of Entrepreneurship on the Economic Growth of Iran and Selected Countries in the Vision Document based on the General Employment Policies

Document Type : Research/Original/Regular Article

Authors

1 Assistant Professor, Department of Economics, Faculty of Economics and Social Sciemce, Bu Ali Sina University, Hamedan, Iran

2 Master of Economics, Faculty of Economics and Social Sciemce, Bu Ali Sina University, Hamedan, Iran

Abstract

Entrepreneurship can have an impact on the economic growth through innovation, invention, and competition. Entrepreneurship gives space to new ideas in the process of production to open the door for technology, product, and service. Entrepreneurship provides a condition for efficient economy, economic productivity, and technological advancement. This study investigates the impact of entrepreneurship on the economic growth. Accordingly, the global entrepreneurship index was employed to measure it. Other variables such as economic growth, GDP, the interaction of global entrepreneurship index and three sub-indexes of tendency, capability, and entrepreneurship motivation in the GDP of central Asia countries from 2017 to 2019 were analyzed as well. The econometrics model was suggested through PANTEL data approach via OLS method. So far as the main assumption is concerned, the findings showed a significantly positive impact of entrepreneurship on economic growth; however, the potentiality of entrepreneurship did not show a significant relationship with the economic growth. The results indicated a more comprehensive approach towards productive entrepreneurship for achieving economic development in the related countries.

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References

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Quarterly Journal of The Macro and Strategic Policies
Volume 10, Issue 39 - Serial Number 3
September 2022
Pages 564-585

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