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  • The Impact of Innovation & High Growth Enterprise: Global Entrepreneurship Monitor

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    The document summarizes research on the relationship between entrepreneurship, innovation, and economic growth. It discusses findings from the Global Entrepreneurship Monitor (GEM) which measures entrepreneurial activity levels across countries. GEM data shows that total entrepreneurial activity (TEA) and its sub-categories like necessity and opportunity entrepreneurship correlate with long-term economic growth. Countries with higher education, job training, access to financing, and commercial infrastructure that supports entrepreneurship tend to see faster GDP growth.

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    The document summarizes research on the relationship between entrepreneurship, innovation, and economic growth. It discusses findings from the Global Entrepreneurship Monitor (GEM) which measures entrepreneurial activity levels across countries. GEM data shows that total entrepreneurial activity (TEA) and its sub-categories like necessity and opportunity entrepreneurship correlate with long-term economic growth. Countries with higher education, job training, access to financing, and commercial infrastructure that supports entrepreneurship tend to see faster GDP growth.

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    Attribution Non-Commercial (BY-NC)
    Descargue como PPSX, PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    14 vistas4 páginas

    The Impact of Innovation & High Growth Enterprise: Global Entrepreneurship Monitor

    Cargado por

    api-45859069
    The document summarizes research on the relationship between entrepreneurship, innovation, and economic growth. It discusses findings from the Global Entrepreneurship Monitor (GEM) which measures entrepreneurial activity levels across countries. GEM data shows that total entrepreneurial activity (TEA) and its sub-categories like necessity and opportunity entrepreneurship correlate with long-term economic growth. Countries with higher education, job training, access to financing, and commercial infrastructure that supports entrepreneurship tend to see faster GDP growth.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Descargue como PPSX, PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    de 4

    Group 4: Holly Good | Stephen Mashonga | Przemyslaw J.

    Pikul | Shen

    The impact of
    Yuan

    innovation & high


    growth enterprise
    Entrepreneurship, Innovation and Economic Growth: Evidence from
    GEM data
    Wong, P.K., Ho, Y.P. and Autio, E. (2005). Small Business Economics, Vol 24, No 3, pp 335-
    360.
    Global Entrepreneurship Monitor
    Reporting annually since 1997 with three key aims:
    Measure differences in the level of entrepreneurial activity among countries
    Uncover factors determining national levels of entrepreneurial activity
    Identify policies that may enhance the national level of entrepreneurial activity

    Total Entrepreneurial Activity


    • Overall TEA
    • Necessity TEA
    Important factor in economic
    development and growth
    Enhances productivity
    Requires entrepreneurship to
    become a commercial success
    Investment in R&D and
    appropriability of innovation
    determines long term growth
    Technological
    Innovation innovation –
    endogenous determinants and
    Nascent manage
    Potential
    entrepr
    Early-stage r of an
    entrepre
    eneur:
    Entrepreneurial establis
    neur:
    involve
    Activity (TEA)
    Owner- hed
    opportuni manager of a
    d in new business busines
    ties, (up to 3.5
    setting years old)
    s (more
    knowledg
    up a than
    e, and Conception
    businesFirm birth 3.5
    Persistence
    skills
    s years
    Necessity TEA Opportunity TEA High Potential TEA
    Basic requirements Efficiency enhancers
    old)
    Innovation &
    • Institutions • Higher education & entrepreneurship
    • Infrastructure training
    • Entrepreneurial finance
    • Government
    • Macroeconomic • Goods market
    entrepreneurship
    stability efficiency programmes
    • Entrepreneurship education
    • Health and primary • Labour market • R&D transfer
    education efficiency • Commercial, legal
    • Financial market
    infrastructure for
    entrepreneurship
    sophistication • Entry regulation
    • Technological
    Influence on GDP growth
    readiness
    • Market size
    Negative – slower or similar growth Positive – faster growth Positive – faster growth
    High Growth Enterprise
    Adapted from Global Enterprise Monitor: 2008 Executive Report (Bosma et al. 2
    Discussion #iegroup4

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