Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development

Abstract

In this paper, we examine the relationship between the conditions of the entrepreneurial environment and high-potential entrepreneurship according to the stage of economic development of the country. A structural equation model was designed based on data from the Global Entrepreneurship Monitor project, which contains information about 62 countries. Our results suggest that economic development and high-potential entrepreneurship have a greater impact on the entrepreneurial ecosystem than entrepreneurial activity in general—with special effects on government programs, R&D transfer, and access to the domestic market. Notably, the level of influence of sustainable economic development and high-potential entrepreneurship depends on the level of economic development of the country.