basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both … the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of …-impact) entrepreneurship. Favorable local institutions not only increase the odds that a region develops or manage to attract entrepreneurial …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and … therefore easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal …

unmistakably identify Schumpeterian entrepreneurs, we focus on self-made billionaires (in USD) from the Forbes Magazine list who … became wealthy by founding new firms. In this way, we identify 996 billionaire entrepreneurs in over fifty countries during … the 1996–2010 period. Interestingly, the rate of billionaire entrepreneurs per capita correlates negatively with self …

of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … for growth. To secure industrial dynamics and growth in the long term, institutions must be designed both to encourage … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

, including the link between innovation and entrepreneurship, the role of institutions for entrepreneurship, and the tendency of … (Princeton University Press, 2013) as inspiration to discuss innovation and entrepreneurship. The book is laudable for its … regrettable given the importance of the book´s main message: Innovation and creative entrepreneurship are not merely the keys to …

entrepreneurship. In order to unambiguously identify high-impact entrepreneurs we focus on self-made billionaires (in USD) who appear … entrepreneurship rates but less self-employment. Despite its limitations, the number of billionaire entrepreneurs appears to be a …Entrepreneurship policy mainly aims to promote innovative “Schumpeterian” entrepreneurship. However, the rate of …

In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions … evasive entrepreneurship may be able to prevent economic development from being stifled by existing institutions during times … entrepreneur may earn large rents by circumventing institutional impediments. Paradoxically, institutions may be less of a …

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well … entrepreneurial effort, entrepre-neurial innovation and capital investment. Because of these constraints, the entrepreneurial project …

policies, taxation and the regulation of labor markets. Institutions have far-reaching effects on entrepreneurship, and they … entrepreneurship to the institutional setup it is maintained that in-depth analyses of specific institutions are required in order to …In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with …