The Effect of Entrepreneurship on the Economic Growth in Palestine

Authors

  • وسام عدنان سمارة | Wisam A. Samarah Al-Quds Open University
  • محمد احمد تلالوة | Mohammad Ahmad Tellawi Al-Quds Open University

Keywords:

Co-integration, Entrepreneurs, Higher Council for Innovation and Excellence, Palestinian Economy.

Abstract

The rising unemployment rate in the Palestinian Territories was a clear indication of the urgency to propose and implement the suitable policy that would enhance the economy, lowering the unemployment rate, and achieving a sustainable economic development. Nonetheless, achieving a sustainable economic development in Palestine faces a number of challenges; the difficulty of movement, the increase in the number of Israeli settlements in the Palestinian Territories; and the lack of sovereignty of the Palestinian government on the ground. These issues have a tremendous negative effect on both the agricultural and industrial sectors. Consequently, policy makers directed their efforts towards the investment in humans. Therefore, on July 2012, the Higher Council for Innovation and Excellence (HCIE) was created. In addition, the Innovation and Excellence Support Fund (IESF) was developed to aid HCIE in creating a generation of entrepreneurs and instituting the culture of innovation and entrepreneurship, which will lead to sustainable economic development. The purpose of this paper is to answer the question of whether the creation of the HCIE was the right step in the right direction. The data was collected from the Palestinian Central Bureau of Statistics for the period 1999-2018. The time series analysis was used to determine whether the number of entrepreneurs has a positive effect on economic growth. Our developed econometric model indicated that entrepreneurship is not contributing to economic growth. Therefore, HCIE will play the role of aiding entrepreneurs in contributing positively to economic growth.

 

 

 

DOI: 10.33977/1760-005-013-014

 

Downloads

Published

2020-06-22

How to Cite

سمارة | Wisam A. Samarah و. ع., & تلالوة | Mohammad Ahmad Tellawi م. ا. (2020). The Effect of Entrepreneurship on the Economic Growth in Palestine. Al-Quds Open University for Administrative & Economic Research & Studies, 5(13). Retrieved from https://journals.qou.edu/index.php/eqtsadia/article/view/2685

Issue

Vol. 5 No. 13 (2020): مجلة جامعة القدس المفتوحة للبحوث الإدارية والاقتصادية

Section

الأبحاث

License

  1. The editorial board confirms its commitment to the intellectual property rights
  2. Researchers also have to commit to the intellectual property rights.
  3. The research copyrights and publication are owned by the Journal once the researcher is notified about the approval of the paper. The scientific materials published or approved for publishing in the Journal should not be republished unless a written acknowledgment is obtained by the Deanship of Scientific Research.
  4. Research papers should not be published or republished unless a written acknowledgement is obtained from the Deanship of Scientific Research.
  5. The researcher has the right to accredit the research to himself, and to place his name on all the copies, editions and volumes published.
  6. The author has the right to request the accreditation of the published papers to himself.