Entrepreneurship, Resource Rents and Institutions

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2023-11-28 DOI:10.1515/erj-2023-0028

Andre Mollick, Lu Sui

引用次数: 0

Abstract

The resource curse hypothesis supposes that rents generated by resource booms create opportunities for rent-seeking activities, which weaken innovation and economic development due to the potentially adverse effects in competitive markets. The quality of institutions is an important channel to transform society from a rent-seeking economy to an entrepreneurial economy. We address in this paper these channels by examining necessity, opportunity, productive and innovative measures of entrepreneurship. Using annual data from 2002 to 2017, we estimate the relationship between entrepreneurship and natural resource rents for 60 countries. Allowing for measures of institutions (corruption, government policies, and cultural and social norms) and real GDP growth, we find that natural resource rents have negative effects on productive and innovative entrepreneurship, especially in high-income countries. In threshold dynamic panels, entrepreneurial activities grow with higher levels of corruption (weaker institutions), with an interpretation provided based on the higher corruption in developing economies.

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创业、资源租金和制度

资源诅咒假说认为，资源繁荣产生的租金为寻租活动创造了机会，由于竞争市场的潜在不利影响，寻租活动削弱了创新和经济发展。制度质量是社会从寻租经济向创业经济转变的重要渠道。我们在本文中通过考察创业的必要性、机会、生产性和创新性措施来解决这些渠道。利用2002年至2017年的年度数据，我们估计了60个国家的创业与自然资源租金之间的关系。考虑到制度(腐败、政府政策、文化和社会规范)和实际GDP增长等因素，我们发现自然资源租金对生产性和创新型企业家精神有负面影响，尤其是在高收入国家。在阈值动态面板中，企业活动随着腐败程度的提高而增长(制度较弱)，其解释是基于发展中经济体的腐败程度较高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.