Entrepreneurial behavior as a causal factor of development

Economic and social development is a common theme pursued by the human race. The United Nations (UN) has adopted a far more robust and inclusive measure of comparability of human development amongst countries, the human development Index (HDI) which incorporates socio-economic, political and related themes. The HDI measure is a more appropriate tool for comparative measure of the development of the human race across countries as opposed to Per capita GDP measures. Whereas, entrepreneurial activities are critical to economic development and indeed social, cultural, political, technological and environmental improvement of the society, we are not clear on the extent or nature of the relationship that may exist between the two phenomena. Our study would attempt to filter critical components, characteristics, activities and attitudes in entrepreneurship and set up a hypothesis to test if there is a causal relationship between both phenomena, and to isolate specific variables that best discriminate and or describe the behavior of the groups amongst the dependent variable cases.