ANALYSIS OF THE ENTREPRENEURSHIP INDICATIVE BY THE PANEL REGRESSION ASSUMPTION BY THE GROWTH EFFECT: DEVELOPING AND DEVELOPING COUNTRY COMPARISON

Abstract

Entrepreneurship, defined as the process of transforming the idea of innovation into a new product, service or business, is viewed as a very important dynamic element for economic growth and growth because of the positive contributions made to employment, the establishment of new businesses, the proliferation of innovations, the growth of the economy and the rise of the welfare of society. Entrepreneurship between entrepreneurship and economic growth accelerates economic development by creating employment and prosperity. Here, entrepreneurship allows the economy to increase innovation, thereby increasing economic growth, productivity and job opportunities. The purpose of this study is to determine the growth effect of the global entrepreneurship index for 5 developed and 5 developing countries through panel regression. As a result of the analysis, the developed countries have found that the entrepreneurial indices are about twice as effective as the emerging countries.