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Cited by 56Entrepreneurship Studies and InfluencesCulture, Economy, and Development StudiesEconomic Growth and Productivity

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Entrepreneurship and economic development: the valley of backwardness

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Acs, Zoltan J.·2010·Annals of Innovation & Entrepreneurship
DOI 10.3402/aie.v1i1.5602
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Abstract

This paper identifies the impact of productive, unproductive, and destructive entrepreneurship on social value creation. The paper constructs a Global Entrepreneurship and Development Index (GEDI) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped. It is seen that the stages of development are more varied at the innovation-driven stage than at either the factor-driven stage or the efficiency-driven stage. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be fully deployed.

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Metadata

Authors
Acs, Z. J.
Affiliations
School of Public PolicyGeorge Mason University Arlington USA
Venue
Annals of Innovation & Entrepreneurship
Publisher
Informa UK Limited
Published
2010-01
Volume
1
Issue
1
Pages
5641
ISSN
2000-7396 (ISSN-L)
DOI
10.3402/aie.v1i1.5602
OpenAlex
W2077120254
Cited by
56
References
2
Citations by year
2026: 2 · 2025: 3 · 2024: 3 · 2023: 5 · 2022: 6 · 2021: 7 · 2020: 4 · 2019: 6 · 2018: 4 · 2017: 6 · 2016: 3 · 2015: 2 · 2014: 2 · 2013: 1 · 2012: 2
FWCI
2.01
Type
journal article
Language
en
Open access
Locations
  • Annals of Innovation & Entrepreneurship (publishedVersion)
  • KTH Publication Database DiVA (KTH Royal Institute of Technology) (submittedVersion, other-oa)
  • Lund University Publications (Lund University) (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
  • Social Sciences › Development › Culture, Economy, and Development Studies
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
Keywords
entrepreneurship, economic development, productive entrepreneurship, destructive entrepreneurship, unproductive entrepreneurship, social value creation, developmental stages, innovation-driven development, institutional quality, public policy

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