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.
|Title of host publication||The Dynamics of Entrepreneurship|
|Subtitle of host publication||Evidence from Global Entrepreneurship Monitor Data|
|Publisher||Oxford University Press|
|Publication status||Published - 22 Sep 2011|
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© Oxford University Press, 2013.