Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.1985566
The impact of entrepreneurship on economic development through government policies and citizens’ attitudes
Sorana Vatavu
orcid.org/0000-0002-7966-3696
Madalin Dogaru
Nicoleta-Claudia Moldovan
OanaRamona Lobont
orcid.org/0000-0002-2942-3715
Sažetak
This research aims to investigate the field of entrepreneurship in
the context of public sector governance in eight of the largest
economies in the world (the G7 countries and Russia). To analyse
the composition and evolution of entrepreneurship, data from the
Global Entrepreneurship Monitor was collected, while the economic stability was based on GDP data from the World Bank. To
understand the relationships between the public sector governance policies and attitudes towards entrepreneurship in terms of
economic development, the 2001-2018 period was considered.
The relationships studied were observed through correlation and
regression analyses, based on indexes obtained through principal
component analysis. Results indicate that there are strong positive
correlations between GDP and cultural and social norms promoted in society, total early-stage entrepreneurial activity, physical and services infrastructure, and tax and bureaucracy, while
the fear of failure affects the GDP. Besides, this research emphasises the fact that individuals’ entrepreneurial attitudes and
behaviour may reduce the level of GDP, while the entrepreneurial
framework developed by the public sector would have an important role in increasing economic stability.
Ključne riječi
Entrepreneurship; individuals’ behaviour and attitudes; government policies; GDP; principal component analysis; regression analysis; G8 countries
Hrčak ID:
302063
URI
Datum izdavanja:
31.3.2023.
Posjeta: 638 *