Received: 2019-03-17  |  Accepted: 2019-09-30  |  Published: 2019-12-15

Title

Investigating the relationship between entrepreneurial activity and economic growth: a case of Middle East


Abstract

The current research is aimed at investigating the relationship between entrepreneurial activity and economic growth, more specifically, in the context of Middle East countries. Entrepreneurial activities are professed to improve the economic development of the country through employment generation, increase in the rate of gross domestic product (GDP), increased productivity levels, poverty alleviation, and so on. Based on the possibility of these positive aspects, economic growth is considered to be driven through increased entrepreneurial activities, in the context of developing countries. To investigate this relationship between research variables, quantitative data was collected using the World Bank database of 8 Middle Eastern countries for the period 2009-2016. Based on the correlation and regression results, the study finds a significant positive impact of entrepreneurial activity (measured as new businesses registered) on economic growth (GDP growth) in the Middle East. Therefore, it is important for states in the Middle East to focus on promoting entrepreneurial activity, which influences economic growth.


Keywords

entrepreneurial activity, economic growth, Middle East, new businesses registered


JEL classifications

O10 , O30


URI

http://jssidoi.org/jesi/article/420


DOI


Pages

1036-1047


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Alheet, Ahmad Fathi
Al-Ahliyya Amman University, Amman, Jordan https://www.ammanu.edu.jo
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1051  |  PDF downloads: 554

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