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Periodical article Periodical article ASC Leiden catalogue ASC Leiden catalogue WorldCat catalogue WorldCat
Title:Does entrepreneurship promote economic growth in Africa?
Author:Adusei, Michael
Periodical:African Development Review (ISSN 1467-8268)
Geographic term:Africa
economic development
Abstract:There seems to be a cloud of scepticism hanging over the value of entrepreneurship to the growth processes of developing economies. This haze of scepticism is fuelled by the reverberating mantra by a section of the extant literature that replicative entrepreneurship (entrepreneurship which is generally considered not to be growth-supporting) is pervasive in developing economies including Africa. The authors take motivation from this postulation to investigate whether entrepreneurship is of any relevance to the growth processes of twelve African countries. The results show that entrepreneurship positively explains the variations in the growth of the study countries. It is, thus, reasonable to contend that entrepreneurship in developing economies including Africa even if replicative is instrumental to economic growth. Bibliogr., note, sum. [Journal abstract]