Relationship Between Organizations, Institutions, Entrepreneurship and Economic Growth Process
Political Science, International Development, and International Affairs
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.
International Entrepreneurship and Management Journal
Martin, M. G.,
Picazo, M. M.
(2011). Relationship Between Organizations, Institutions, Entrepreneurship and Economic Growth Process. International Entrepreneurship and Management Journal, 7(3), 311-324.
Available at: http://aquila.usm.edu/fac_pubs/532