scholarly journals Does international patent collaboration have an effect on entrepreneurship?

2021 ◽  
Author(s):  
Daniel Alonso-Martínez ◽  
Nuria González-Álvarez ◽  
Mariano Nieto
Keyword(s):  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
High Rate ◽  
Entrepreneurial Activity ◽  
Firm Creation ◽  
Country Level ◽  
Positive Externalities ◽  
International Patent ◽  
New Firm ◽  
Shed Light

AbstractEntrepreneurship is one of the main pillars of growth in any economy. Achieving a high rate of entrepreneurship in a region has become the priority objective of governments and firms. However, in many cases, new firm creation is conditioned by relations or collaboration in innovation with agents from other countries. Previous literature has analyzed the mechanisms that foster entrepreneurship. This paper attempts to shed light on the influence of international patent collaboration (IPC) on entrepreneurial activity at country level taking into account the timing of this relationship. An empirical study is proposed to verify whether IPC leads to greater entrepreneurship and to analyze the gestation period between international patenting actions and firm creation. Using the Generalized Method of Moments, the two hypotheses proposed were tested in a data panel of 30 countries for the period 2005–2017. Results show the influence of IPC in promoting entrepreneurship in the same year, but especially in the following year. The study offers implications for entrepreneurs and public agents. IPC affects the integration and interaction of international agents in a country, favors the production of new knowledge, and increases positive externalities in a territory. All this facilitates the creation of new companies with a high innovative component.

The MSME Insolvency Status Quo

2018 ◽  
Author(s):  
Mokal et
Keyword(s):  
Failure Rate ◽  
Cost Effective ◽  
Status Quo ◽  
Entrepreneurial Activity ◽  
Firm Creation ◽  
Distressed Firms ◽  
New Firm ◽  
External Governance ◽  
Entrepreneurial Activities ◽  
Insolvency Proceedings

This chapter examines specific challenges faced by MSMEs. These challenges arise from factors such as size, lack of available collateral, undiversified nature, and lack of suitable external governance mechanisms, all of which contribute to a high MSME failure rate. As such, it is crucial for insolvency regimes to be responsive to MSMEs’ particular requirements. The chapter then discusses the need for cost-effective insolvency regimes tailored to these requirements, and the problems inherent in the development of such regimes. Cost-effective insolvency proceedings can encourage non-viable distressed firms to exit the market and efficiently recycle their assets to new uses, provide viable distressed firms with the chance to reorganize their operations and liability in order to continue in business, provide higher returns to MSME creditors and thereby incentivize lending in this sector, and encourage greater entrepreneurial activity and new firm creation. Ultimately, an effective MSME insolvency regime can alleviate the downside risk of a venture, in turn increasing the number and variety of people pursuing entrepreneurial activities.

scholarly journals The Influence of Competitiveness and Regulations on Entrepreneurial Activity in Emerging and Advanced Economies

Innovar ◽  
2014 ◽  
Vol 24 (1Spe) ◽  
pp. 113-128 ◽  
Author(s):  
Mário Raposo ◽  
Ricardo Rodrigues ◽  
Anabela Dinis ◽  
Arminda Do Paço ◽  
João J. Ferreira
Keyword(s):  
Structural Equation ◽  
Equation Model ◽  
Entrepreneurial Activity ◽  
Global Competitiveness ◽  
Country Level ◽  
Doing Business ◽  
Advanced Economies ◽  
New Firm ◽  
Business Regulations ◽  
Global Competitiveness Report

This paper aims to investigate the link between business regulations, pillars of competitiveness, and new firms at country level using a structural equation model. The research developed to support this paper is based on the idea that entrepreneurship, measured as the process of new firm formation, is a vital link to the economic growth of countries. The data used belongs to a sample of 41 countries with emerging and advanced economies that appear simultaneously in three databases: The Global Entrepreneurship Monitor (GEM), the Global Competitiveness Report (GCR), and the Doing Business Report (DBR). At country level, the process is hindered by the competitiveness conditions of the country's phase of economic development, and by the regulation and institutional arrangements that shape economic activity.

ENTREPRENEURSHIP IN DEVELOPING COUNTRIES: IS AFRICA DIFFERENT?

2012 ◽  
Vol 17 (01) ◽  
pp. 1250004 ◽  
Author(s):  
JONATHAN MUNEMO
Keyword(s):  
Developing Countries ◽  
Political Stability ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
Developing Regions ◽  
Firm Creation ◽  
New Firm ◽  
The Creation ◽  
New Firm Creation

This paper uses data on new firm registrations to examine entrepreneurship in Africa relative to other developing countries. The results show that new firm creation is more pronounced in other developing regions than in Africa. In addition, the results also show that entry deregulation and political stability are relatively more important for the creation of new businesses in Africa. These results imply that Africa is different; therefore, it is important to implement reforms to create a business environment conducive for new firm creation in Africa. Reforms in governance are also required to address problems related to political stability to increase entrepreneurial activity in Africa.

scholarly journals Taiwan’s opening policy to Chinese tourists and cross-strait relations: The impacts on inbound tourism into Taiwan

2018 ◽  
Vol 26 (1) ◽  
pp. 27-44
Author(s):  
Chih-Yuan Lin ◽  
Mateus Lee
Keyword(s):  
Panel Data ◽  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
Enhancement Effect ◽  
Panel Data Models ◽  
Country Level ◽  
Negative Effect ◽  
Chinese Tourists ◽  
The Impact ◽  
Positive Effect

This article aims to analyze the impact of Taiwan’s 2008 opening policy to Chinese tourists and the effects of cross-strait relations on both Chinese and non-Chinese inbound tourists into Taiwan, with controls in place for other factors. Using annual country-level panel data over the 2000–2016 period, along with the application of the generalized method of moments approach and several static panel data models, the empirical results suggest that while Taiwan’s opening policy to Chinese tourists has had an enhancement effect, there has been no crowding-out effect on either Chinese or non-Chinese inbound tourists into Taiwan. In addition, the cross-strait relations are found to have a negative effect on non-Chinese inbound tourists, but a positive effect on Chinese inbound tourists visiting Taiwan. We conclude that, compared to non-Chinese inbound tourists into Taiwan, the Chinese inbound tourists into Taiwan is both economically and politically oriented.

scholarly journals Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries

2019 ◽  
Vol 9 (4) ◽  
pp. 79
Author(s):  
Kamilia Loukil
Keyword(s):  
Developing Countries ◽  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
Autoregressive Process ◽  
Institutional Framework ◽  
Entrepreneurial Activity ◽  
New Business ◽  
Emerging And Developing Countries ◽  
Macroeconomic Determinants ◽  
Macroeconomic Environment

This study examines which factors in macroeconomic environment can stimulate entrepreneurial activity in emerging and developing countries. We employ a System Generalized Method of Moments (System GMM) technique to examine determinants of entrepreneurial activity for a panel of 30 countries during the period 2004-2012. Findings show the importance of demand and institutional framework for new business entry. Moreover, we find that entrepreneurship is an autoregressive process.

Beyond Technonationalism

2019 ◽  
Author(s):  
Kathryn C. Ibata-Arens
Keyword(s):  
Innovation Policy ◽  
High Technology ◽  
Entrepreneurial Activity ◽  
Asian Countries ◽  
Firm Creation ◽  
Biomedical Innovation ◽  
The World ◽  
Asian Economies ◽  
Biomedical Industry ◽  
Innovation And Entrepreneurship

What explains the rapid and sustained economic rise of Asian countries in high-technology industries, including biomedicals? The biomedical industry, comprised mainly of biopharmaceuticals and medical devices, is among the fastest growing globally and has been an economic-development target of national governments around the world. The book presents a conceptual framework to assess national government management of innovation and entrepreneurship in the fast-growing biomedical industry in Asia, which at current growth rates is on track to become the center of the world economy. Four Asian countries—China, India, Japan, and Singapore—are compared in terms of innovation capacities, government policy, and firm-level strategies underlying competitive advantages in high technology. The book argues that countries that pursue networked technonationalism have been effective in upgrading innovation capacity and also encouraging entrepreneurial activity in targeted industries. The study begins with a global-level analysis of biomedical innovation and entrepreneurship, identifying emerging concentrations of scientific citation, patenting, and firm creation—paying close attention to trends in Asian economies and future prospects. Findings indicate a gradual shift to Asian economies of many biomedical-innovation and new-business-creation activities. The book concludes with implications for innovation policy and entrepreneurship strategy in Asia and elsewhere.

Using information from singletons in fixed-effects estimation: xtfesing

2020 ◽  
Vol 20 (4) ◽  
pp. 965-975
Author(s):  
Laura Magazzini ◽  
Randolph Luca Bruno ◽  
Marco Stampini
Keyword(s):  
Panel Data ◽  
Method Of Moments ◽  
Fixed Effects ◽  
Generalized Method Of Moments ◽  
Panel Data Regression ◽  
Data Regression ◽  
Method Of Moments Estimator ◽  
Fixed Effects Estimation

In this article, we describe the xtfesing command. The command implements a generalized method of moments estimator that allows exploiting singleton information in fixed-effects panel-data regression as in Bruno, Magazzini, and Stampini (2020, Economics Letters 186: Article 108519).

Does Bank Profitability Stimulate Economic Growth in the Arab Region?

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Omar Ghazy Aziz
Keyword(s):  
Financial Development ◽  
Method Of Moments ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Arab Countries ◽  
Return On Assets ◽  
Bank Profitability ◽  
Arab Region ◽  
Return On Equity ◽  
The Impact

AbstractThis study empirically investigates the impact of bank profitability, as a complementary measure of financial development, on growth in the Arab countries between 1985 and 2016. Using a generalized method of moments (GMM) estimation to test the impact of the bank profitability on growth, this study utilises two variables in the econometric model which are return on assets and return on equity. This study reveals that both variables of bank profitability are positive and significant. This confirms that the bank profitability, beside other financial development variables, has positive impact on the growth. This study points out some important implications based on this result.

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