Template-Type: ReDIF-Paper 1.0
Author-Name: Verheul, I.
Author-Name-Last: Verheul
Author-Name-First: Ingrid
Author-Person: pve71
Author-Name: van Stel, A.J.
Author-Name-Last: van Stel
Author-Name-First: André
Author-Person: pva170
Title: Entrepreneurial Diversity and Economic Growth
Abstract: 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.
Creation-Date: 2007-10-30
File-URL: https://repub.eur.nl/pub/10619/ERS-2007-070-ORG.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2007-070-ORG
Classification-JEL: D21, M, M13, O47
Keywords: diversity, economic development, entrepreneurship
Handle: RePEc:ems:eureri:10619