Drivers of Entrepreneurship and Post-Entry Performance : Microeconomic Evidence from Advanced and Developing Countries
The aim of this study is to provide a microeconomic investigation of the concept of entrepreneurship; in particular, it discusses the following issues: 1) the alternative ways of looking at entrepreneurship, distinguishing "creative destruction" from simple "turbulence"; 2) the different microeconomic determinants of new firm formation, distinguishing "progressive" from "regressive" drivers; 3) the relationship between ex-ante characteristics (of the founder) and post-entry performance (of the new firm); and 4) the possible scope for an economic policy aimed at maximizing the impact of entrepreneurship on economic growth. Where possible and appropriate, the paper devotes particular attention to the specific features characterizing entrepreneurship in developing countries.
Summary: | The aim of this study is to provide a
microeconomic investigation of the concept of
entrepreneurship; in particular, it discusses the following
issues: 1) the alternative ways of looking at
entrepreneurship, distinguishing "creative
destruction" from simple "turbulence"; 2) the
different microeconomic determinants of new firm formation,
distinguishing "progressive" from
"regressive" drivers; 3) the relationship between
ex-ante characteristics (of the founder) and post-entry
performance (of the new firm); and 4) the possible scope for
an economic policy aimed at maximizing the impact of
entrepreneurship on economic growth. Where possible and
appropriate, the paper devotes particular attention to the
specific features characterizing entrepreneurship in
developing countries. |
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