z-logo
open-access-imgOpen Access
Entrepreneurship and Small Island Economies
Author(s) -
Paul Pounder,
G. Naresh
Publication year - 2021
Publication title -
organizations and markets in emerging economies
Language(s) - English
Resource type - Journals
eISSN - 2345-0037
pISSN - 2029-4581
DOI - 10.15388/omee.2021.12.63
Subject(s) - entrepreneurship , openness to experience , gross domestic product , product (mathematics) , economic geography , emerging markets , economics , economy , economic growth , psychology , social psychology , geometry , mathematics , finance , macroeconomics
Over the past two decades, the study of entrepreneurship and its importance to the economy has increased in appeal to academics, practitioners and governments. This study explores entrepreneurship in small island economies within regions based on Total Entrepreneurial Activity (TEA) and Established Business Ownership (EBO) as observed in the Global Entrepreneurship Monitor (GEM) dataset. This research uses the pooled regression model to study the impact of TEA and EBO on economic growth. The findings highlight that new venture creation is a driver that improves gross domestic product (GDP); however, there are significant differences across SIDS in the orientation of TEA and EBO that suggest that other contextual issues like culture, education system, and entrepreneurial support elements influence entrepreneurial behaviour across regions as well. The more advanced of these nations like Singapore and Puerto Rico benefit from knowledge networks and scientific mobility, while the smaller economies in the Caribbean and Pacific Region show less openness to pursuing entrepreneurial endeavours. These findings provide a foundation for further research on varying types of combinations of both economic factors and contextual differences that lend to the transitioning process towards an emerging economy. 

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here