Impeded Industrial Restructuring

Impeded Industrial Restructuring
Author: David B. Audretsch
Publisher:
Total Pages: 0
Release: 2004
Genre:
ISBN:

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of European countries to deviations from the "optimal" industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a penalty in terms of forgone growth.

Empirical Analysis of Entrepreneurship and Economic Growth

Empirical Analysis of Entrepreneurship and Economic Growth
Author: André van Stel
Publisher: Springer Science & Business Media
Total Pages: 240
Release: 2006-06-15
Genre: Business & Economics
ISBN: 0387294198

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.

Entrepreneurship and Growth in Local, Regional and National Economies

Entrepreneurship and Growth in Local, Regional and National Economies
Author: David Smallbone
Publisher: Edward Elgar Publishing
Total Pages: 383
Release: 2009-01-01
Genre: Business & Economics
ISBN: 184980236X

The volume provides rich accounts on the enforcement of core issues but also on theoretical and methodological advances of the frontier of the research field. Areas of study that are meritoriously included are business closure and characteristics of the present knowledge economy. New sectors of the research frontier include societal entrepreneurship and the diversity of entrepreneurship in emergent market economies as well as methodologies such as discourse analysis and narrative approaches. This anthology certainly contributes to the crafting of a European identity in the field of entrepreneurship research. Bengt Johannisson, Växjö University and Jönköping University, Sweden Many of the world s leading experts on entrepreneurship and economic growth explore important issues that impact new venture creation; the influences of the knowledge-based economy on economic development; factors that govern exit from entrepreneurship, and a variety of critical social influences on entrepreneurship and economic development. Like the previous three volumes in this series from the European Council for Small Business and Entrepreneurship, this is a significant contribution to entrepreneurship scholarship that has important insights for scholars and public policy-makers. William B. Gartner, Clemson University, US This state-of-the-art book provides a window on contemporary European entrepreneurship and small business research. The papers selected demonstrate the applied nature of entrepreneurship research as well as the various contributions that entrepreneurship can make to local, regional and national development. Written by international experts, the book reveals the heterogeneity of entrepreneurship in terms of substantive content and the methodologies employed. With both quantitative and qualitative approaches well represented, Entrepreneurship and Growth in Local, Regional and National Economies covers topics such as regional perspectives on entrepreneurship, new venture creation and growth, business exits, knowledge-based entrepreneurship and social inclusion. Furnishing the reader with rich and leading entrepreneurship research, this book will be invaluable for entrepreneurship and small business researchers as well as postgraduate and advanced undergraduate students of entrepreneurship. Policy makers will also find much of great interest to them.

Perspectives on the Performance of the Continental Economies

Perspectives on the Performance of the Continental Economies
Author: Edmund S. Phelps
Publisher: MIT Press
Total Pages: 511
Release: 2011
Genre: Business & Economics
ISBN: 0262015315

These chapters, written from widely varying perspectives demonstrates the shortcomings and strengths of some methods of econmoics as much as they do the shortcomings and strengths of some economies of Western continental Europe.

Contemporary Entrepreneurship

Contemporary Entrepreneurship
Author: Dieter Bögenhold
Publisher: Springer
Total Pages: 299
Release: 2016-03-17
Genre: Business & Economics
ISBN: 3319281348

This book presents the current state-of-the-art in all major and upcoming areas of entrepreneurship research. Thousands of scholars around the world are currently working to broaden our understanding of the entrepreneurial phenomenon. The disciplines involved are numerous, as are the topics of interest, with substantial efforts to enhance the existing knowledge. This book is specifically designed to facilitate high-level, high-intensity discussions and fruitful exchanges between scholars involved in entrepreneurship research. The articles address a variety of topics ranging from self-employment, technology, growth patterns and job creation, and success and failure rates, to historical, conceptual and comparative international approaches. “This book takes entrepreneurship beyond the individual, size of the venture, entrepreneurial personality, and looks at entrepreneurship as a long term complex process that is heterogeneous, content dependent with an emphasis on innovation and growth. A must read for individuals interested in entrepreneurship, today and in the future, on a domestic and global basis.” – Robert D. Hisrich, Director – Walker Center and Garvin Professor of Global Entrepreneurship, Thunderbird School of Global Management “Entrepreneurship is perhaps not just the most multifaceted but also the most important concept of the modern socio-economic disciplines. This book makes an invaluable contribution in this fascinating area: it presents a multifaceted socio-economic examination of the impact of entrepreneurship for growth.” – Roy Thurik, Erasmus School of Economics in Rotterdam and Montpellier Business School

The Oxford Handbook of Entrepreneurship

The Oxford Handbook of Entrepreneurship
Author: Mark Casson
Publisher: OUP Oxford
Total Pages: 810
Release: 2008
Genre: Business & Economics
ISBN: 0199546991

Entrepreneurship is a key factor in economic growth, innovation, & the development of firms & businesses. Written by leading scholars, this book presents a comprehensive review of the research in entrepreneurship.

Handbook of Research on Entrepreneurship and Regional Development

Handbook of Research on Entrepreneurship and Regional Development
Author: Michael Fritsch
Publisher: Edward Elgar Publishing
Total Pages: 361
Release: 2013-01-01
Genre: Business & Economics
ISBN: 0857936492

Ô. . . the book is an important reading in the field of entrepreneurship. One of its main contributions is that it clearly shows that the process of new firm formation is a regional event. The chapters are rich in theoretical insights and data, and are valuable readings for students, academics, and policy-makers interested in entrepreneurship and regional growth.Õ Ð Christine Tam‡sy, Regional Studies ÔEntrepreneurship can have powerful effects on local as well as national economies. The chapters in this edited volume, authored by well-known experts in their fields, explore various aspects of entrepreneurship and regional development. The book provides an illuminating overview of the current state of knowledge while also sharing with the reader several new findings and insights on issues as diverse as globalization, regional employment growth, nascent entrepreneurs, gazelles, labor productivity, government regulations, and university entrepreneurship. It is recommended reading for anyone interested in these topics.Õ Ð Simon C. Parker, The University of Western Ontario, Canada ÔThere is substantial evidence regarding the considerable regional variation in business creation. Michael Fritsch has done a fine job of assembling the most recent analyses of the best scholars on the regional factors affecting firm creation and the consequences. It is essential reading for any scholar or policy analyst seeking a state-of-the-art overview of the current empirical status of research on this important topic.Õ Ð Paul D. Reynolds, George Washington University, US ÔThis Handbook examines the contribution of the entrepreneur and related processes to regional economic development. The recognition that the indirect entrepreneurial effects on development are more significant than the direct is an important and under-girding conclusion. And further, that entrepreneurial driven effects are often not felt immediately but in some cases only across decades, as illustrated by the over-two-decade incubation of the entrepreneurial culture in Silicon Valley which only later resulted in it becoming the dominant icon of scientific and technology regional development that it is today.Õ Ð Roger Stough, George Mason University, US ÔThis volume fills an important gap in the research literature on entrepreneurship. Entrepreneurship is a localized phenomenon and all too many studies disregard this fact. Thus, the regional economic milieu is a critical factor determining not only the volume and type of entrepreneurship but also the effects of entrepreneurship in terms of value-added growth, employment growth, etc. The contributions in this book by a number of leading scientists in the field provide an excellent overview and understanding of the prerequisites for and the role of entrepreneurship in regional growth and development.Õ Ð Charlie Karlsson, Jšnkšping University, Sweden Recent research has found pronounced differences in the level of entrepreneurship and new business formation across various regions and nations. This timely Handbook reveals that the development of new ventures as well as their effects on overall economic growth are strongly shaped by their regional and national environment. The expert group of contributors gives an overview on the current state of the art in this field, and proposes avenues for further investigation. Topics include the regional determinants of new business formation, the effects of start-ups on growth, the role of globalization for regional entrepreneurship, the effect of national and regional framework conditions, as well as the role of universities as incubators of innovative new firms.