Effects of Entrepreneurship on Economic Growth in Turkey: An Empirical Analysis

The entrepreneurship seems to be an important source for economic growth. For this reason, the emphasis on entrepreneurship with the importance for economic growth is increasing day by day. This study investigates the existence of the relationship between entrepreneurship and economic growth by using control variables including employment and savings. For this purpose, possible relations were tried to be determined by using bound test and ARDL method for the period 1988-2012 with annually data. The results of bound test, shows that there is a long-run relationship between economic growth and entrepreneurship. Afterward long-run coefficients and equations were estimated. The results of long run coefficients shows that there is a positive and significant relationship between economic growth and entrepreneurship.