Entrepreneurship for Economic Growth

Dear Colleagues,

Entrepreneurs are crucial to market economies because they may drive the nation's economic expansion. They encourage new employment by developing new goods and services, which eventually accelerates economic growth. Therefore, public policy that promotes entrepreneurship should be seen as crucial for economic progress. Entrepreneurship generates lots of new chances and jobs. A significant number of entry-level positions, which are crucial for transforming unskilled workers into competent ones, are created by entrepreneurship. Additionally, it trains and sends skilled personnel to big enterprises. The expansion of entrepreneurship is largely responsible for the rise in a nation's overall employment rate. Thus, entrepreneurship plays a major role in the creation of new employment prospects. Entrepreneurial endeavors increase productivity by introducing innovation to every facet of business, utilizing the available resources in the most efficient methods. By providing fresh and improved goods, services, and technology, entrepreneurs create new markets. As a result, they contribute to increasing national income and creating new wealth, so that more national benefits can be provided to the people by the government. Entrepreneurs lessen reliance on outdated practices, processes, and technology and alter or break social norms and cultures. In essence, entrepreneurs are the forerunners in introducing new technology and methods, which ultimately result in societal transformations and economic development. These adjustments are linked to a better way of living, charitable thinking, stronger morale, and better economic decision-making. In conclusion, encouraging and supporting entrepreneurship can have a favorable effect on the economy of the nation and even on already established enterprises, and this enhances the possibility of discovering innovative solutions to social difficulties faced by communities all over the world.

Therefore, the primary purpose of this Special Issue is to explore measures with which to further the link between entrepreneurship and economic growth for emerging economies. In other words, how should emerging and transitioning economies be empowered to sustain growth of entrepreneurial mindset and high levels of productivity? This Special Issue aims to broadcast recent empirical and theoretical research regarding the dynamics in entrepreneurship and economic growth that can guide policymakers in making appropriate policies. These might include (but is not limited to) the following topics:

• Economic policies and SMEs regulation;
• Economic growth via SME growth;
• Entrepreneurial and managerial approaches;
• Entrepreneurial finance;
• Entrepreneurial/co-founder teams;
• Internal and external drivers for entrepreneurial innovation;
• Inhibitors and risks of entrepreneurial mindset;
• Economics of entrepreneurship;
• Social entrepreneurship

Dr. Kanayo Kingsley Ogujiuba
Guest Editor

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