Does entrepreneurship and its motives have an impact on economic and employment growth? A Panel VAR analysis on EU-15 countries
Entrepreneurship has historically played a major role on the growth of economies. Its impact on countries’ economic and employment growth has been theoretically as well as empirically studied. The literature indicates a clear positive relation of entrepreneurship to those macro figures. Nevertheless, new evidence discusses that more entrepreneurs do not always signify a quick growth rate. In the d