The impact of natural resource rents on entrepreneurship development (Case Study selected countries)
Subject Areas : Strategic Management Researchesyousef mohammadzadeh 1 , farhad rahbar 2 , hadi ghahramani 3
1 - استادیار اقتصاد، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه
2 - استاد اقتصاد، دانشکده اقتصاد دانشگاه تهران
3 - دانشجوی کارشناسی ارشد اقتصاد، دانشکده اقتصاد دانشگاه تهران
Keywords: Panel Data, Natural Resources, development of entrepreneurship, Rents, size of government, Business climate,
Abstract :
Entrepreneurship is considered one of the most important management strategies both at the micro level of firms and the macro-economic level. Unhealthy Institutional structure and lace of dynamism of the private sector are the important obstacles in entrepreneurial path. Among existence the variety of natural resource rents have a profound impact on the institutional structure, the size of the public sector, limitations on market mechanisms and economic freedom's activists. Considering the importance of this issue, this study paid the effect of resource rents on entrepreneurship development. To do this, panel data selection of the world with dynamic panel approach and Stata software has been used. The results show that existance of resource rents have a negative impact on the development of entrepreneurial activities in countries that have been studied. So abundant natural resources has not been used in the investment and support private sector. Examine other factors affecting the development of entrepreneurship also show that domestic production per capita, ICT, openness and the corruption control index have positive impact and government size has a negative impact on the development of entrepreneurial activities.
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