Empirical Analysis of Entrepreneurship and Economic Growth

Released on by André van Stel
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  • Empirical Analysis of Entrepreneurship and Economic Growth Book Detail

  • Author : André van Stel
  • Release Date : 2006-06-15
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 240
  • ISBN 13 : 0387294198
  • File Size : 49,49 MB
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Empirical Analysis of Entrepreneurship and Economic Growth by André van Stel PDF Summary

Book Description: 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.

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Entrepreneurship and Economic Growth

Entrepreneurship and Economic Growth

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By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge s

Entrepreneurship and Economic Growth

Entrepreneurship and Economic Growth

File Size : 61,61 MB
Total View : 1665 Views
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By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge s