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A Study on the Growth of Entrepreneurship in India, with respect to the Growth in Foreign Investment, Economic Growth and Financial Development


Affiliations
1 Acharya Bangalore B School, India
 

Entrepreneurship is the key to India's development. It is important as it utilizes local resources, generating employment and promotes rural development. This paper examines the impact of financial development, economic development and foreign investment on entrepreneurial development measured by production asper Ministry of Micro, Small and Medium Enterprises (MSME) and fixed investment as per MSME for the period of 1997-1998 to 2016-2017. Using Error correction model, the result shows that investment as per MSME is positively influenced by financial development in long run. In short run foreign investment and economic development positively influence fixed investments in MSMEs. Production per MSME was found to be positively influenced by economic development and financial development in long run while in short run none of the selected independent variables influence production of MSMEs.

Keywords

Entrepreneurship, Foreign Investment, Economic Growth, Financial Development.
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  • A Study on the Growth of Entrepreneurship in India, with respect to the Growth in Foreign Investment, Economic Growth and Financial Development

Abstract Views: 655  |  PDF Views: 365

Authors

Syed Kazim
Acharya Bangalore B School, India

Abstract


Entrepreneurship is the key to India's development. It is important as it utilizes local resources, generating employment and promotes rural development. This paper examines the impact of financial development, economic development and foreign investment on entrepreneurial development measured by production asper Ministry of Micro, Small and Medium Enterprises (MSME) and fixed investment as per MSME for the period of 1997-1998 to 2016-2017. Using Error correction model, the result shows that investment as per MSME is positively influenced by financial development in long run. In short run foreign investment and economic development positively influence fixed investments in MSMEs. Production per MSME was found to be positively influenced by economic development and financial development in long run while in short run none of the selected independent variables influence production of MSMEs.

Keywords


Entrepreneurship, Foreign Investment, Economic Growth, Financial Development.

References





DOI: https://doi.org/10.23874/amber%2F2018%2Fv9%2Fi1%2F176053