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entrepreneurship? We compile four hand-collected measures of high-impact Schumpeterian entrepreneurship (VC-funded IPOs, self … entrepreneurship and the other relating to small business activity. Except for the World Bank measure of firm registration of limited … liability companies quantity-based measures tend to be inappropriate proxies for high-impact Schumpeterian entrepreneurship. …
Persistent link: https://www.econbiz.de/10011994159
We examine whether Europe has an "entrepreneurship deficit" compared to other industrialized regions. Cross …-country comparisons are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small … business activity and startup rates suggest that Europe has the same or higher rates of entrepreneurship than the U.S. and East …
Persistent link: https://www.econbiz.de/10011657487
Persistent link: https://www.econbiz.de/10009545564
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework … describe it. However, each modeling attempt focuses only on one specific feature of entrepreneurship. The entrepreneurial … highlight how a simplistic interpretation of the existing mainstream approaches incorporating entrepreneurship runs the risk of …
Persistent link: https://www.econbiz.de/10010281398
entrepreneurship/small business, public choice and new institutional economics. The entrepreneurial function is shown to depend … influenced by entrepreneurs. A typology of entrepreneurship is developed to further our understanding of the bilateral effects …
Persistent link: https://www.econbiz.de/10010320051
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 … further our understanding of the determinants of entrepreneurial behavior and the economic effects of entrepreneurship. The …
Persistent link: https://www.econbiz.de/10010320095
In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue …, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance … the selected articles also show that the social value of entrepreneurship must be evaluated as it is realized. Three …
Persistent link: https://www.econbiz.de/10010320110
It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms - so-called Gazelles - that are...
Persistent link: https://www.econbiz.de/10010320167
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 … institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the …
Persistent link: https://www.econbiz.de/10010320273
This essay argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated to...
Persistent link: https://www.econbiz.de/10010320338