Entrepreneurship prompts institutional change in developing economies

Arbeitspapier

Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the institutional status quo: an abiding response, an altering response, and an evasive response. Each response can be either welfare-enhancing or welfare-reducing; more importantly, each response can affect the institutional framework of the society in which it occurs. Better knowledge of entrepreneurial responses to institutions and the context in which they occur offers a promising avenue for future research and a potential way of sustaining lasting institutional change and economic development.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IFN Working Paper ; No. 1313

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Regulation and Industrial Policy: General ; New Firms; Startups ; Innovation and Invention: Processes and Incentives ; Capitalist Systems: Property Rights
• Thema: Development ; Entrepreneurship ; Evasion ; Innovation ; Institutions ; Regulation

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Elert, Niklas ; Henrekson, Magnus
• Ereignis: Veröffentlichung
• (wer): Research Institute of Industrial Economics (IFN)
• (wo): Stockholm
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/210954
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ