Most studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a homogeneous group. This study investigates the impact of entrepreneurial diversity on national economic growth. Using data for 36 countries participating in the Global Entrepreneurship Monitor we investigate whether the impact on growth depends on socio-demographic diversity in entrepreneurship (in terms of age, education and gender). We find that in less developed countries older and higher educated entrepreneurs are particularly important for stimulating economic growth, while for developed countries younger entrepreneurs are more important. Accordingly, policy should aim at stimulating particular groups of entrepreneurs, rather than just the number of entrepreneurs.

Additional Metadata
Keywords diversity, economic development, entrepreneurship
JEL Firm Behavior (jel D21), Business Administration and Business Economics; Marketing; Accounting (jel M), New Firms; Startups (jel M13), Measurement of Economic Growth; Aggregate Productivity (jel O47)
Publisher Erasmus Research Institute of Management (ERIM)
Persistent URL
Verheul, I, & van Stel, A.J. (2007). Entrepreneurial Diversity and Economic Growth (No. ERS-2007-070-ORG). ERIM report series research in management Erasmus Research Institute of Management. Erasmus Research Institute of Management (ERIM). Retrieved from