ENTREPRENEURSHIP AND ECONOMIC PERFORMANCE
The problems of wealth and economic performance are old but despite their importance we have not a final answer on them. Besides the standard production factors usually stresed when we analyze economic performance and growth, land, labor and capital, we approach institutions in general and entrep...
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| Format: | Article |
| Language: | English |
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Sciendo
2013-12-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | http://studiaeconomia.uvvg.ro/index.php?option=com_content&view=article&id=341:entrepreneurship-and-economic-performance&catid=44:2013-part-4&Itemid=75 |
| Summary: | The problems of wealth and economic performance are old but despite their importance we
have not a final answer on them. Besides the standard production factors usually stresed
when we analyze economic performance and growth, land, labor and capital, we approach
institutions in general and entrepreneurial culture in particular. In this paper we analyze the
relationship between entreprenurship, defined by many dimensions derived from the study
„Entrepreneurship in the EU and beyond.” requested by European Comission to the Gallup
Internaitional, and economic performance measured by GDP/capita. The results show that
countries where there is a strong entrepreneurial culture that promote initiative, opportunity
seeking, risk taking aare doing better in terms of development level and wealth. At the same
time the countries where the entrepreneurs have a good image in society, and thus promote
entrepreneurship, are doing beter than the other countries. |
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| ISSN: | 1584-2339 2285-3065 |