The impact of entrepreneurship towards economic growth of state in Malaysia

Goh, Hui Hui (2018) The impact of entrepreneurship towards economic growth of state in Malaysia. Project Report. Universiti Teknikal Malaysia Melaka, Melaka, Malaysia. (Submitted)

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Abstract

Entrepreneurship is the vital player in modern economic and dynamic force to drive the economic growth currently. Among the numerous studies,technological progress has indirectly influence and does not promote the economic growth alone.While,the entrepreneur is the person who drive the economic growth and generate innovation in new market nowadays.Thus,the present study is to explore the significance of entrepreneurship in developing economic growth of Malaysia at state level.To completely understand the impact of entrepreneurial activity on economic growth,Kauffman Index of Entrepreneurial Activity (KIEA) used to measure the entrepreneurial activity.Based on standard regressions using GDP per Capita at current price,personal income per capita and employment growth,the role of entrepreneurial activity has been tested on the state of economic growth in Malaysia.The key finding shows that increase in entrepreneurial activity associate with an increase in economic growth even though some variables is negative significant impact on economic growth of the state.The study has been conducted based on 3 years panel data and the longer data set is preferable.The category of entrepreneurship will not be attempted in this study.The key findings encourage the government must strengthen the policy of state to encourage more entrepreneurial activities.

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