Arbeitspapier

Local Competitiveness Fostered through Local Institutions for Entrepreneurship

We review and assess the role local institutional framework conditions play in fostering local entrepreneurship. The basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of national institutional frameworks, in particular in non-federal states, our review shows that there is plenty of room for local initiatives and policies to influence the entrepreneurial climate locally. This pertains to both formal (e.g., taxes, regulations and stringency of enforcement) and informal (e.g., attitudes and social legitimacy) institutions. We further argue that the local institutional environment is essential in any local policy aimed to foster productive (high-impact) entrepreneurship. Favorable local institutions not only increase the odds that a region develops or manage to attract entrepreneurial incumbents, but also the odds that a region reaps the full potential of hosting entrepreneurial and knowledge-intensive activities.

Sprache
Englisch

Erschienen in
Series: IFN Working Paper ; No. 1020

Klassifikation
Wirtschaft
Firm Behavior: Empirical Analysis
State and Local Government; Intergovernmental Relations: General
Entrepreneurship
New Firms; Startups
Institutions and Growth
Production Analysis and Firm Location: Government Policy
Thema
Business climate
Entrepreneurship
Institutions
Job creation
Local policies
Startups
Regulations
Entrepreneurship culture

Ereignis
Geistige Schöpfung
(wer)
Andersson, Martin
Henrekson, Magnus
Ereignis
Veröffentlichung
(wer)
Research Institute of Industrial Economics (IFN)
(wo)
Stockholm
(wann)
2014

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Andersson, Martin
  • Henrekson, Magnus
  • Research Institute of Industrial Economics (IFN)

Entstanden

  • 2014

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