Export-oriented entrepreneurship and regional economic growth

We analyse the impact of export-oriented entrepreneurship on regional economic growth using data for Spanish regions over the 2003-2013 period. We draw on economic growth, knowledge spillover and international entrepreneurship theories to assert that export-oriented entrepreneurship is important for...

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Bibliographic Details
Published in:Small business economics 2015-10, Vol.45 (3), p.505-522
Main Authors: González-Pernía, José L., Peña-Legazkue, Iñaki
Format: Article
Language:English
Subjects:
Business and Management
Correlation analysis
Economic development
Economic growth
Economic impact
Entrepreneurs
Entrepreneurship
Exports
Growth models
Hypotheses
Industrial Organization
Knowledge
Management
Microeconomics
Regions
Studies
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Summary:We analyse the impact of export-oriented entrepreneurship on regional economic growth using data for Spanish regions over the 2003-2013 period. We draw on economic growth, knowledge spillover and international entrepreneurship theories to assert that export-oriented entrepreneurship is important for the economic development of sub-national regions. Consistent with previous findings, we found that Spanish regions with higher levels of opportunity-driven entrepreneurial activity exhibit higher rates of economic growth. Moreover, regions with a higher percentage of the adult population engaged in export-oriented entrepreneurial activity show higher GDP growth rates. This effect also seems to be stronger as the intensity of export-oriented entrepreneurial activity increases up to a threshold level.
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-015-9657-x