High Growth Firms, Public Policies and Economic Growth

Kashifa Suddle; Jolanda Hessels; Erik Stam; André van Stel

doi:10.3990/2.268616568

High Growth Firms, Public Policies and Economic Growth

Kashifa Suddle
, Jolanda Hessels
, Erik Stam
, André van Stel

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic

90 Downloads (Pure)

Abstract

This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions are reflected in GDP growth for a sample of 36 countries. The rate of ambitious entrepreneurship is defined as the percentage of adult population that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old, and, in addition, expects to employ 20 employees or more within five years after the start of the firm. Our results suggest that higher levels of ambitious entrepreneurship contribute more strongly to macro-economic growth than higher levels of entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. The results in this paper are interpreted in light of the ongoing debate about public policies designed to stimulate high growth firms.

Original language	English
Title of host publication	Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006
Editors	Gloria Rossini
Place of Publication	Enschede
Publisher	University of Twente
Number of pages	14
ISBN (Print)	9789081078412
DOIs	https://doi.org/10.3990/2.268616568
Publication status	Published - 2006
Externally published	Yes
Event	14th Annual High Technology Small Firms Conference, HTSF 2006 - University of Twente, Enschede, Netherlands Duration: 11 May 2006 → 13 May 2006 Conference number: 14

Conference

Conference	14th Annual High Technology Small Firms Conference, HTSF 2006
Abbreviated title	HTSF
Country/Territory	Netherlands
City	Enschede
Period	11/05/06 → 13/05/06

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10.3990/2.268616568

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Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006
Rossini, G. (Publisher), 2006, Enschede: University of Twente. 771 p.
Research output: Book/Report › Book › Professional

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Cite this

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title = "High Growth Firms, Public Policies and Economic Growth",

abstract = "This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions are reflected in GDP growth for a sample of 36 countries. The rate of ambitious entrepreneurship is defined as the percentage of adult population that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old, and, in addition, expects to employ 20 employees or more within five years after the start of the firm. Our results suggest that higher levels of ambitious entrepreneurship contribute more strongly to macro-economic growth than higher levels of entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. The results in this paper are interpreted in light of the ongoing debate about public policies designed to stimulate high growth firms. ",

author = "Kashifa Suddle and Jolanda Hessels and Erik Stam and \{van Stel\}, Andr{\'e}",

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language = "English",

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editor = "Gloria Rossini",

booktitle = "Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006",

publisher = "University of Twente",

address = "Netherlands",

note = "14th Annual High Technology Small Firms Conference, HTSF 2006, HTSF ; Conference date: 11-05-2006 Through 13-05-2006",

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Suddle, K, Hessels, J, Stam, E & van Stel, A 2006, High Growth Firms, Public Policies and Economic Growth. in G Rossini (ed.), Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006. University of Twente, Enschede, 14th Annual High Technology Small Firms Conference, HTSF 2006, Enschede, Netherlands, 11/05/06. https://doi.org/10.3990/2.268616568

High Growth Firms, Public Policies and Economic Growth. / Suddle, Kashifa; Hessels, Jolanda; Stam, Erik et al.
Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006. ed. / Gloria Rossini. Enschede: University of Twente, 2006.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic

TY - GEN

T1 - High Growth Firms, Public Policies and Economic Growth

AU - Suddle, Kashifa

AU - Hessels, Jolanda

AU - Stam, Erik

AU - van Stel, André

N1 - Conference code: 14

PY - 2006

Y1 - 2006

N2 - This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions are reflected in GDP growth for a sample of 36 countries. The rate of ambitious entrepreneurship is defined as the percentage of adult population that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old, and, in addition, expects to employ 20 employees or more within five years after the start of the firm. Our results suggest that higher levels of ambitious entrepreneurship contribute more strongly to macro-economic growth than higher levels of entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. The results in this paper are interpreted in light of the ongoing debate about public policies designed to stimulate high growth firms.

AB - This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions are reflected in GDP growth for a sample of 36 countries. The rate of ambitious entrepreneurship is defined as the percentage of adult population that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old, and, in addition, expects to employ 20 employees or more within five years after the start of the firm. Our results suggest that higher levels of ambitious entrepreneurship contribute more strongly to macro-economic growth than higher levels of entrepreneurial activity in general. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. The results in this paper are interpreted in light of the ongoing debate about public policies designed to stimulate high growth firms.

U2 - 10.3990/2.268616568

DO - 10.3990/2.268616568

M3 - Conference contribution

SN - 9789081078412

BT - Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006

A2 - Rossini, Gloria

PB - University of Twente

CY - Enschede

T2 - 14th Annual High Technology Small Firms Conference, HTSF 2006

Y2 - 11 May 2006 through 13 May 2006

ER -

High Growth Firms, Public Policies and Economic Growth

Abstract

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Research output

Proceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006

Cite this