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 …

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 …

institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by … institutions—entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … existing institutions is occasionally disruptive enough to challenge the foundations of prevailing institutions. Entrepreneurs …

deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the … economy. Particular aspects of entrepreneurship and economic dynamism are covered by pairs (or in one case three) coauthors …, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These …

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 …

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 …

Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or … reveals the bilateral causal relation between entrepreneurs and institutions. Core features of the entrepreneur force us to … channels of influence are isolated, analyzed and exemplified. Entrepreneurs influence formal economic institutions through …

institutions that foster the emergence of competence blocs and the creation of HGFs. In particular, our analysis points to the …. Finally, we characterize institutions beneficial for sclerotic or dynamic capitalism, respectively, depending on whether they …

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 …