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Title: Entrepreneurship and Growth: Case of kuwait
Authors: Alia Ali Abu-Aisheh 
Keywords: Entrepreneurship and Growth: Case of kuwait
Issue Date: 2018
Publisher:  Kuwait university - college of graduate studies
Abstract: The main purpose of this thesis is to highlight on the importance of entrepreneurship as a mechanism for knowledge spillovers, thereby contributing to the economic growth and prosperity of Kuwait. Entrepreneurship is proposed to be one of the main sources for job creations that is expected to help meeting the high demands of employment for the youth in Kuwait in the coming few years. Theoretical studies have shown that entrepreneurship reduces unemployment, increases wealth, and generates market competition through innovation and creativity. Using data extracted from Kuwait Central Statistical Bureau, Kuwait Ministry of Finance, World Bank, and United Nations from 2001 to 2014, and OLS regression was done to estimate the effect of entrepreneurship on GDP growth. Empirical results revealed that entrepreneurship had positive effective on GDP growth of Kuwait, though it was statistically insignificant and this can be attributed to many reasonable explanations. First, the limited number of observations. Second, the impact of all the variables on GDP is theoretically to be effective on the long run. Third, there are other variables contributing to the GDP of Kuwait, like oil prices and the size of the oil exports. The thesis summarized recommendations for policy makers to foster entrepreneurship and to encourage young people to startup their own business instead of joining the public sector. First, making starting a business easier in Kuwait, through minimizing the government interfaces to startup a business, simplifying procedures, and foster healthy market competition free from monopolistic behavior. Second, enhancing the role of universities to foster not only creation of new knowledge but also to cultivate creativity and innovation. Third, create effective funding methods for startups through government subsidies.
Appears in Programs:1030 Economics

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