An Anatomy of Entrepreneurial Pursuits in Relation to Poverty

Douglas Cumming* (Corresponding Author), Sofia Johan, Ikenna Uzuegbunam

*Corresponding author for this work

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This study examines the causal relationships between inequality, poverty, and entrepreneurship. We hypothesize that income inequality influences entrepreneurial activity, and entrepreneurial activity alleviates absolute poverty. Findings from a longitudinal analyses of a dataset from all 50 U.S. states over an 18-year period provide robust support for these hypotheses. Furthermore,
the results suggest that antipoverty public policy aimed at encouraging work (i.e. Earned income tax credit, EITC) can be detrimental to entrepreneurial activity. These findings underscore the importance of linking public policy efforts aimed at poverty alleviation with those aimed at encouraging additional entrepreneurship.
Original languageEnglish
Pages (from-to)21-40
Number of pages20
JournalEntrepreneurship and Regional Development
Volume32
Issue number1-2
Early online date15 Jul 2019
DOIs
Publication statusPublished - Jan 2020

Keywords

  • Entrepreneurial activity
  • development
  • income inequality
  • opportunity
  • poverty
  • public policy
  • MICROFINANCE
  • SUCCESS
  • CHINA
  • FIRMS
  • INNOVATION
  • RESEARCH GO
  • POLICY
  • YOUNG
  • INCOME
  • GROWTH

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