Ambitious Entrepreneurship, High-Growth Firms, and Macroeconomic Growth

Erik Stam*, Chantal Hartog, Andre van Stel, Roy Thurik

*Corresponding author for this work

Research output: Chapter/Conference proceedingChapterAcademic

45 Citations (Scopus)


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.

Original languageEnglish
Title of host publicationThe Dynamics of Entrepreneurship
Subtitle of host publicationEvidence from Global Entrepreneurship Monitor Data
PublisherOxford University Press
ISBN (Electronic)9780191728716
ISBN (Print)9780199580866
Publication statusPublished - 22 Sept 2011

Bibliographical note

Publisher Copyright:
© Oxford University Press, 2013.


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