This study adds to the current body of research on economic growth by demonstrating how the interplay between financial development and entrepreneurship fosters economic advancement. By utilizing the two-step Generalized Moment Method (GMM), we have identified three primary outcomes. Firstly, entrepreneurship has a beneficial influence on economic growth. Secondly, financial development has a conditional effect that stimulates economic growth. Lastly, the combined effect of entrepreneurship and financial development on economic growth is largely positive, suggesting that financial development can amplify the already positive but weak entrepreneurship’s influence on economic growth. The research investigation also delves into the empirical significance and policy implications of these findings
Khyareh, Mohsen Mohammadi
"Entrepreneurship, Financial Development and Economic Growth,"
Bulletin of Monetary Economics and Banking: Vol. 26:
3, Article 4.
Available at: https://bulletin.bmeb-bi.org/bmeb/vol26/iss3/4
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.
Gonbad Kavous University