This paper examines entrepreneurship in order to analyze, first, the degree to which the opportunity to start or own a business affects the household’s saving behavior and the implication of this behavior for the distribution of wealth and, second, the relationship between the extent of entrepreneurship in the economy and socioeconomic mobility, that is, the movement of families across wealth c...

We propose that the rate of creation and failure of new firm start-ups can be modelled as a search and matching process, as in labor market matching models. Deriving an "entrepreneurial" Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial ability is matched with business opportunity, and outline a number of possible applications of this match...

Following the works of Shane and Venkataraman (2000), the concept of opportunity has become the focus of a growing body of research at the interface of management, strategy and entrepreneurship (e.g., Eckhardt & Shane, 2003; Gartner et al., 2003). Interestingly, there is also a long tradition of research in managerial cognition that looks at the relationship between managers categorization of e...

Promoting Entrepreneurship in Developing Countries: Policy Challenges T RECENT ENTHUSIASM OF DONORS, DEVELOPMENT agencies and governments for promoting entrepreneurship as a route to development is perplexing. Entrepreneurs, called “heroes” by The Economist (14 March, 2009), appear upon closer scrutiny to be rather irrelevant and even impotent in many developing countries. Three decades ago, Na...