Entrepreneurship and Natural Resource Rents: Evidence from Excessive Entrepreneurial Activity

Abstract

This study investigates the impact of excessive entrepreneurial activity on natural resource rents. We employ the ecological perspective to argue that while entrepreneurship is usually associated with innovation and improved efficiency, and thus reduced natural resource rents, excessive entrepreneurial activity may increase natural resource rents and harm the environment. Investigating a global sample of 70 countries over 11 years (2006–2016) using advanced techniques to address econometric issues, we find initial evidence supporting the natural resource rents of excessive entrepreneurship. We also find heterogeneity between high-income economies (HIEs) and low and middle-income economies (LMEs) as well as between four vital natural resources: coal, gas, forest, and minerals. The findings in this study contribute to the growing literature examining sustainable entrepreneurial ecosystems.

Publication DOI: https://doi.org/10.1016/j.spc.2020.07.010
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: Entrepreneurship,Environment. jel code: L26,Excessive start-up,M13,N50,Natural resources rents,O13,Q23,Environmental Engineering,Environmental Chemistry,Renewable Energy, Sustainability and the Environment,Industrial and Manufacturing Engineering
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Related URLs: https://www.sci ... 352550920303687 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2021-01
Published Online Date: 2020-07-19
Accepted Date: 2020-07-18
Authors: Nguyen, Phuc Canh
Nguyen, Bach (ORCID Profile 0000-0003-1527-7443)
Su, Dinh Thanh
Kim, Shangho

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