Relationship between organizations, institutions, entrepreneurship and economic growth process

The main goal of this paper is to show that organizations and institutions play a relevant role in the economic growth process, both directly and indirectly. Human capital plays a direct role by facilitating the introduction and use of new technologies. A more indirect role is play by entrepreneuria...

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Bibliographic Details
Published in:International entrepreneurship and management journal 2011-09, Vol.7 (3), p.311-324
Main Authors: Nissan, Edward, Galindo Martín, Miguel-Ángel, Méndez Picazo, María-Teresa
Format: Article
Language:English
Subjects:
Business and Management
Consumption
Correlation analysis
Design
Economic crisis
Economic growth
Economic policy
Emerging Markets/Globalization
Entrepreneurs
Entrepreneurship
Environmental impact
Happiness
Human capital
Hypotheses
Income distribution
Macroeconomics
Management
Property rights
Social capital
Society
Studies
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Summary:The main goal of this paper is to show that organizations and institutions play a relevant role in the economic growth process, both directly and indirectly. Human capital plays a direct role by facilitating the introduction and use of new technologies. A more indirect role is play by entrepreneurial activity in three ways: 1) supplying monetary funds; 2) creating an adequate social climate and 3) encouraging trust in the society. The hypotheses introduced are tested using the data on eleven countries.
ISSN:1554-7191
1555-1938
DOI:10.1007/s11365-011-0191-2