Home Part 4 ENTREPRENEURSHIP AND ECONOMIC PERFORMANCE

 

HORAŢIU ŞOIM

Vest University Vasile Goldiş Arad, The Faculty of Economics

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Abstract:

The problems of wealth and economic performance are old but despite their importance we have not a final answer on them. Besides the standard production factors usually stresed when we analyze economic performance and growth, land, labor and capital, we approach institutions in general and entrepreneurial culture in particular. In this paper we analyze the relationship between entreprenurship, defined by many dimensions derived from the study „Entrepreneurship in the EU and beyond.” requested by European Comission to the Gallup Internaitional, and economic performance measured by GDP/capita. The results show that countries where there is a strong entrepreneurial culture that promote initiative, opportunity seeking, risk taking aare doing better in terms of development level and wealth. At the same time the countries where the entrepreneurs have a good image in society, and thus promote entrepreneurship, are doing beter than the other countries.

Key words: institutions, economic performance, entrepreneurship

JEL classification: D83, L26, M21, O17,

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