This study confirms that the level of entrepreneurship in a given country has a significant positive effect on the level of economic growth in that country. Contrary to some established theories, this study has found evidence that the level of entrepreneurship in a given country is not explained by the levels of the traditional causes of economic growth in that country (specifically the amounts of labor, capital, and knowledge that a country possesses as well as the presence or absence of market friendly government policies). Instead, entrepreneurship acts as an independent factor.
"The Role of Entrepreneurship in Economic Growth,"
Undergraduate Economic Review: Vol. 6:
1, Article 7.
Available at: https://digitalcommons.iwu.edu/uer/vol6/iss1/7