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Explaining institutional change: Why elected politicians implement direct democracy
Hugh-Jones, David - 2008
In existing models of direct democratic institutions, the median voter benefits, but representative politicians are harmed since their policy choices can be overridden. This is a puzzle, since representative politicians were instrumental in creating these institutions. I build a model of direct...
Persistent link: https://www.econbiz.de/10010266647
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Entrepreneurs' acceptance of formal institutions: a cross-country analysis
Freytag, Andreas; Noseleit, Florian - 2009
Institutional settings and the resulting incentive structures are crucial for economic development. The type of entrepreneurial activity and the entrepreneurial effort are especially dependent on underlying incentive structures. We argue that institutions with better incentive structures for...
Persistent link: https://www.econbiz.de/10010266668
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The shadows of the past: how implicit institutions influence entrepreneurship
Bauernschuster, Stefan; Falck, Oliver; Gold, Robert; … - 2009
This paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit institutions are here defined as mindsets that have developed as the result of norms and traditions and we expect they will have an influence on risk attitudes and opportunity...
Persistent link: https://www.econbiz.de/10010267063
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The long persistence of regional entrepreneurship culture: Germany 1925 - 2005
Fritsch, Michael; Wyrwich, Michael - 2012
and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …
Persistent link: https://www.econbiz.de/10010291827
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How much of a socialist legacy? The reemergence of entrepreneurship in the East German transformation to a market economy
Fritsch, Michael; Bublitz, Elisabeth; Rusakova, Alina; … - 2012
The 40 years of socialist regime in East Germany were characterized by a massive anti-entrepreneurship policy. We … investigate the reemergence of entrepreneurship in East Germany during its transformation to a market economy following the … market economy, suggesting the existence of a long-lasting regional entrepreneurship culture. …
Persistent link: https://www.econbiz.de/10010291841
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Prior knowledge and entrepreneurial innovative success
Cantner, Uwe; Goethner, Maximilian; Meder, Andreas - 2007
This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at the stage of firm formation. We distinguish between different kinds of experience an entrepreneur can possess and find evidence that the innovative success subsequent to firm...
Persistent link: https://www.econbiz.de/10010263810
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Demography and innovative entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010263837
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Entrepreneurship and innovation policy
Stam, Erik - 2008
What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …
Persistent link: https://www.econbiz.de/10010263861
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The contribution of new businesses to regional employment: an empirical analysis of the direct employment effect
Fritsch, Michael; Schindele, Yvonne - 2008
We investigate regional differences in the contribution of newly founded businesses to regional employment. This is labeled the direct employment effect of new businesses. The analysis is at the spatial level of West German planning regions for the period 1984-2002. We find rather pronounced...
Persistent link: https://www.econbiz.de/10010266641
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Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project´s feasibility. Our...
Persistent link: https://www.econbiz.de/10010266651