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Does Entrepreneurship Promote Economic Growth in Africa?
Abstract
There seems to be a cloud of scepticism hanging over the value of entrepreneurship to the growth processes of developing economies. This haze of scepticism is fuelled by the reverberating mantra by a section of the extant literature that replicative entrepreneurship (entrepreneurship which is generally considered not to be growth‐supporting) is pervasive in developing economies including Africa. We take motivation from this postulation to investigate whether entrepreneurship is of any relevance to the growth processes of 12 African countries. The results show that entrepreneurship positively explains the variations in the growth of the study countries. It is, thus, reasonable to contend that entrepreneurship in developing economies including Africa even if replicative is instrumental to economic growth.
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“Prior research has established the pivotal role of entrepreneurship as a driver of economic growth, job creation, poverty reduction, and societal well-being (Adusei, 2016; Ahlstrom, 2010; Alvarez, Barney, & Newman, 2015; Bruton et al., 2013; Clark, 2017; Naudé, 2010).”
From The effects of uppercase vs. lowercase letters on consumers’ perceptions and brand attitudes (2021) · cites this paper as Adusei, 2016
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“This echoes previous findings for other African countries that confirm agribusiness as a route out of poverty (Adusei, 2016; Munonye & Esiobu, 2017).”
From The effects of uppercase vs. lowercase letters on consumers’ perceptions and brand attitudes (2021) · cites this paper as Adusei, 2016
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Cited by
Sorted by citations
Teng, L., Xie, C., Liu, T., Wang, F., & Foti, L. (2021) · Journal of Business Research · doi:10.1016/j.jbusres.2021.07.037 · Cited by 42
Metadata
- Authors
- Adusei, M.
- Affiliations
- Kwame Nkrumah University of Science and Technology (GH)
- Corresponding author
- Adusei, Michael
- ORCID
- Adusei, Michael
- Venue
- African Development Review
- Publisher
- Wiley
- Published
- 2016-06
- Volume
- 28
- Issue
- 2
- Pages
- 201-214
- ISSN
- 1017-6772 (ISSN-L)
- 1467-8268
- OpenAlex
- W2427203964
- Cited by
- 147
- References
- 0
- Citations by year
- 2026: 5 · 2025: 10 · 2024: 14 · 2023: 27 · 2022: 23 · 2021: 23 · 2020: 20 · 2019: 9 · 2018: 10 · 2017: 6
- FWCI
- 16.17
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- African Development Review (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
- Keywords
- entrepreneurship, economic growth, developing countries, Africa
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