Empirical Analysis of Entrepreneurship and Economic Growth (Hardcover, 2006 ed.)

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.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	International Studies in Entrepreneurship, 13
Release date:	2006
First published:	February 2006
Authors:	Andre Van Stel
Dimensions:	234 x 156 x 15mm (L x W x T)
Format:	Hardcover
Pages:	235
Edition:	2006 ed.
ISBN-13:	978-0-387-27963-3
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Promotions
LSN:	0-387-27963-6
Barcode:	9780387279633

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