Entrepreneurial activities may be harmful to economic growth in economies that are passing through theearly to middle stage of development, as many people would be moving from self-employment to wagedemployment. Critically discuss this statement on the nexus between entrepreneurship and economic growthas per the literature. Findings (Regression).VariablesLNETRitLNEDUitLNDINVitLNTRDi.tConstantDiagnosticsPOLSCoefficients0.011(0.008)-0.059*** (0.021)0.019*** (0.002)0.058*** (0.013)-0.674(0.087)R²: 0.430R² (Adjusted):0.405Hausman Test:36.680***F: Test:17.014***F. ECoefficients0.035*** (0.012)0.174* (0.060)0.070*** (0.013)0.030* (0.015)✰✰✰-2.205(0.412)R²: 0.854R² (Adjusted):0.798 F: Test:15.342***Empirical Results: We applied E-views 10 for the empirical results are extracted.The asterisk (***) and (*) stands for 1% and 10% significance level and thevalues in parentheses are the standard errors.

The relationship between entrepreneurship and economic growth has been a subject of extensive debate…

Answered: Entrepreneurial activities may be…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Entrepreneurial activities may be harmful to economic growth in economies that are passing through the
early to middle stage of development, as many people would be moving from self-employment to waged
employment. Critically discuss this statement on the nexus between entrepreneurship and economic growth
as per the literature.

Findings (Regression).
Variables
LNETRit
LNEDUit
LNDINVit
LNTRDi.t
Constant
Diagnostics
POLS
Coefficients
0.011(0.008)
-0.059*** (0.021)
0.019*** (0.002)
0.058*** (0.013)
-0.674(0.087)
R²: 0.430R² (Adjusted):
0.405Hausman Test:
36.680***F: Test:
17.014***
F. E
Coefficients
0.035*** (0.012)
0.174
* (0.060)
0.070*** (0.013)
0.030* (0.015)
✰✰✰
-2.205(0.412)
R²: 0.854R² (Adjusted):
0.798 F: Test:
15.342***
Empirical Results: We applied E-views 10 for the empirical results are extracted.
The asterisk (***) and (*) stands for 1% and 10% significance level and the
values in parentheses are the standard errors.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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