Does Entrepreneurship create enough Jobs in Europe? A Note

In the present note an effort will be made for a contribution to economic theory by extending the discussion paper Entrepreneurship, Regional Development and Job Creation: The Case of Portugal by R. Baptista, V. Escarta and P. Madruga, MPI, # 0605, in which the authors conclude (among others) that entrepreneurship creates jobs and reduces unemployment. This extension will be feasible by estimating the total economy's entrepreneurship reward for Western European countries and relating it with the total economy's unemployment rate. A regression based on the estimation of total economy's entrepreneurship reward will yield the same main results with the above article not only for Portugal but also for all Western European countries, that in any Western European country entrepreneurship creates enough jobs to reduce unemployment. This generalization with panel data econometric analysis is based on the discussion paper A Practical Method to Measure Entrepreneurship's Reward: A Note by M. N. Georgiou, MPI, #3805

An Empirical Relationship between Entrepreneurship and FDI. A Note.

In the present note an effort will be made for a contribution to economic theory by estimating an econometric relationship between the foreign direct investment [FDI] and total economys entrepreneurship reward [rEM]. This note is based mainly on the next two papers. First, it will be based on the discussion paper Understanding the Role of Entrepreneurship for Economic Growth. by Martin Carree and Roy Thurik, MPIoE, #2005, in which the authors show the importance of entrepreneurship to adapt to new technology, to develop capacity and reach economies of scale. Second, it will be based on the discussion paper Does Entrepreneurship Create Enough Jobs in Europe? A Note. by Miltiades N. Georgiou, MPIoE, #0806, in which entrepreneurship reward [rEM] is measurable and consequently can be related with the other measurable economic variables like the [FDI]. Hence, in the present note a relationship between [FDI] and [rEM] can be numerically estimated. More specifically, it will be pointed out with panel data econometric analysis that in all Western European Countries and the United States [FDI] is positively related with [rEM], and that decisions about [FDI] are mainly affected by [rEM]

A Practical Method to Estimate Entrepreneurship's Reward

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship's reward. As an example, a regression, based on the estimation of entrepreneurship's reward, with baning panel data will yield the same main results as in the article of Governance Structures, Efficiency and Firm Profitability, by E. E. Lehmann, S. Warning and J. Weigand, MPI, that firms with more efficient governance have higher profitability

An Empirical Relationship between Entrepreneurship and FDI. A Note.

In the present note an effort will be made for a contribution to economic theory by estimating an econometric relationship between the foreign direct investment [FDI] and total economy’s entrepreneurship reward [rEM]. This note is based mainly on the next two papers. First, it will be based on the discussion paper “Understanding the Role of Entrepreneurship for Economic Growth.” by Martin Carree and Roy Thurik, MPIoE, #2005, in which the authors show the importance of entrepreneurship to adapt to new technology, to develop capacity and reach economies of scale. Second, it will be based on the discussion paper “Does Entrepreneurship Create Enough Jobs in Europe? A Note.” by Miltiades N. Georgiou, MPIoE, #0806, in which entrepreneurship reward [rEM] is measurable and consequently can be related with the other measurable economic variables like the [FDI]. Hence, in the present note a relationship between [FDI] and [rEM] can be numerically estimated. More specifically, it will be pointed out with panel data econometric analysis that in all Western European Countries and the United States [FDI] is positively related with [rEM], and that decisions about [FDI] are mainly affected by [rEM].

A Practical Method to Estimate Entrepreneurship's Reward

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship´s reward. As an example, a regression, based on the estimation of entrepreneurship´s reward, with baning panel data will yield the same main results as in the article of Governance Structures, Efficiency and Firm Profitability, by E. E. Lehmann, S. Warning and J. Weigand, MPI, that firms with more efficient governance have higher profitability.bank, profitability, entrepreneurship