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Entrepreneurship and economic growth
Abstract
Entrepreneurs who focus on innovation in their products, their production techniques, and their markets play a key role in economic growth. The direction of their activity is guided by their goals: wealth, power, and prestige. Current institutions, shaped by history and government are critical in determining where entrepreneurs will find it most promising to direct their efforts, sometimes, but not always, benefiting the general welfare. One goal of good policy, therefore, is redesign of institutions so as to attract entrepreneurial activity to beneficial directions. Copyright © 2008 Strategic Management Society.
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Cited by
National systems of entrepreneurship: measurement issues and policy implications
Ács, Z. J., Autio, E., & Szerb, L. (2014) · Research Policy · doi:10.1016/j.respol.2013.08.016 · Cited by 1,301
The emergence of entrepreneurial ecosystems: A complex adaptive systems approach
Roundy, P. T., Bradshaw, M., & Brockman, B. K. (2018) · Journal of Business Research · doi:10.1016/j.jbusres.2018.01.032 · Cited by 681
Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective
Acs, Z. J., Estrin, S., Mickiewicz, T., & Szerb, L. (2018) · Small Business Economics · doi:10.1007/s11187-018-0013-9 · Cited by 582
Measure Twice, Cut Once: Entrepreneurial Ecosystem Metrics
Leendertse, J., Schrijvers, M., & Stam, E. (2022) · Research Policy · doi:10.1016/j.respol.2021.104336 · Cited by 282
How different formal institutions affect opportunity and necessity entrepreneurship
Fuentelsaz, L., González, C., Maícas, J. P., & Montero, J. (2015) · BRQ Business Research Quarterly · doi:10.1016/j.brq.2015.02.001 · Cited by 237
Lafuente, E., Acs, Z. J., Sanders, M., & Szerb, L. (2020) · Small Business Economics · doi:10.1007/s11187-019-00140-1 · Cited by 109
Mamman, A., Bawole, J., Agbebi, M., & Alhassan, A.-R. (2019) · Journal of Business Research · doi:10.1016/j.jbusres.2018.01.044 · Cited by 64
Metadata
- Authors
- Baumol, W. J., & Strom, R. J.
- Venue
- Strategic Entrepreneurship Journal
- Publisher
- Wiley
- Published
- 2007-12
- Volume
- 1
- Issue
- 3-4
- Pages
- 233-237
- ISSN
- 1932-4391 (ISSN-L)
- 1932-443X
- OpenAlex
- W1986060596
- Cited by
- 582
- References
- 0
- FWCI
- 13.94
- Type
- journal article
- Language
- en
- Open access
- closed
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