In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that we compare the effects of entrepreneurial activity on economic growth in high income, transition and l...

This contribution discusses a theory of entrepreneurship, its empirical base, and its implications. First, it argues that a psychological approach is necessary to understand entrepreneurship. Second, it argues that any theory of entrepreneurship should use active actions as a starting point — entrepreneurship is the epitome of an active agent in the market (rather than a reactive agent). Third,...

This paper analyzes the evolution of African American entrepreneurship by comparing the patterns of development of African American entrepreneurship and immigrant entrepreneurship. Whereas most literature focuses on African American culture as the reason for limited entrepreneurial success compared to certain immigrant groups, this paper examines how social, economic, and political forces have ...

Technological innovation and private entrepreneurship are 'change-makers' increasingly counted upon to avert social and environmental crisis. However, as crisis deepens into the possibility of catastrophe, given the likes of resource wars and climate change, the quest for solutions is morphing into a requirement for near-salvation. The situation is an odd one. Messianic hopes are being invested...

Funding information Social Sciences and Humanities Research Council of Canada; Centre for Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto; SSHRC Research Summary: We evaluate a technology entrepreneurship training program by comparing career decisions among applicants accepted into the program with unaccepted applicants who are program finalists. We fin...

The aim of the chapter is to provide practitioners and researchers, who wish to investigate academic entrepreneurship in details, with the basic characteristics of the phenomenon as an introduction to further exploration. As university entrepreneurship is rooted in the broader entrepreneurship theory, the investigation encompassed a set of definitions, types, and processes pertaining to both in...

While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use measures of econo...

We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform Arellano-Bond GMM estimations on annual data (over the period 1990-2002) from a large group of developing countries and focus in particular on the interplay between policy and institutional reforms and entrepreneurship. We find that the joint effect of trade reform and entrepr...