Empirical Analysis of Entrepreneurship and Economic Growth

1. Auflage. Softcover version of original hardcover Auflage 2006
ISBN: 978-1-4419-3914-2
Verlag: Springer US

Buch, Englisch, Band 13, 235 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 376 g

Reihe: International Studies in Entrepreneurship

The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. It is deeply embedded in the current European policy approach that the creativity and independence of entrepreneurs contribute to higher levels of economic activity. Indeed, according to the European Commission (2003, p. 9), "The challenge for the European Union is to identify the key factors for building a climate in which entrepreneurial initiative and business activities can thrive. Policy measures should seek to boost the Union's levels of entrepreneurship, adopting the most appropriate approach for producing more entrepreneurs and for getting more firms to grow. " Audretsch (2003, p. 5) states that "Entrepreneurship has become the engine of economic and social development throughout the world. " The relation between entrepreneurship and economic growth is embedded in several strands of the economic literature. A first strand of literature involves the general understanding of the role of entrepreneurship in the modern economy. Seminal contributions were made by Schumpeter (1934), Knight (1921) and Kirzner (1973). These economists stress different aspects of the role of the entrepreneur. While Schumpeter stresses the innovating aspect, Knight stresses the risk assuming aspect. Kirzner, finally, stresses the role of the entrepreneur in leading markets to equilibrium. Acs (1992) discusses the contribution of small firms in modern economies.

Zielgruppe

Research

Autoren/Hrsg.

Stel, André van

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Management Internationales Management
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung

Inhaltsverzeichnis

Economic Development and Business Ownership.- Business Ownership and Sectoral Growth.- Impeded Industrial Restructuring: The Growth Penalty.- Knowledge Spillovers and Economic Growth.- The Link between Firm Births and Job Creation.- Total Entrepreneurial Activity Rates and Economic Growth.- Business Dynamics and Employment Growth.- COMPENDIA: Harmonizing Business Ownership Data.- Overview and Conclusions.