markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe's innovation capacity at a … effort requires extensive and broad-based institutional reforms aimed at strengthening the incentives for entrepreneurship …. Innovative entrepreneurship requires collaborations with numerous agents that provide those skills and resources that the …

institutions that foster the emergence of competence blocs and the creation of HGFs. In particular, our analysis points to the … pivotal roles played by tax structures, labor market regulation, and the contestability of currently closed service markets …. Finally, we characterize institutions beneficial for sclerotic or dynamic capitalism, respectively, depending on whether they …

institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by …

-improving. -- Entrepreneurship ; Innovation ; Institutions … circumstances characterized by suboptimal institutions. We present an alternative way of generalizing the notion of entrepreneurship … destructive entrepreneurship. It is shown that the foundation of Baumol’s classificatory scheme is the restrictive concept of …

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 …

create Schumpeterian entrepreneurship and the ecosystems where it thrives. Schumpeterian entrepreneurship is intrinsically … contrarian, whereas public policy has a bias toward incremental innovation and replication of past success. If central planners … knew what the next radical innovation would be, there would be no need for Schumpeterian entrepreneurs. Schumpeterian …

burdens have higher entrepreneurship rates but less self-employment. Europe has a higher self-employment rate than the United … States and East Asia. At the same time, Europe has a lower entrepreneurship rate than competitor regions. Europe … underperforms in entrepreneurship despite having advantages such as a skilled labour force, good infrastructure, large markets and …

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 …

institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by …