Entrepreneurship in Advanced and Developing Countries: A Microeconomic Perspective The purpose of this paper is to provide a contribution to the identification of the role of entrepreneurship in economic growth by mapping out: 1) alternative ways of looking at entrepreneurship, distinguishing ‘creative destruction’ from simple ‘turbulence’; 2) the different microeconomic determinants of new fir...

The following study aims to outline, whether the perceptions of entrepreneurs about their entrepreneurial activities and the underlying meanings of their activities are universal or whether they vary systematically across cultures. In contrast to previous studies, the phenomenographical approach and the resulting findings of this study provide new insights into what constitutes entrepreneurship...

In line with the priorities set by the OECD Bologna Process on SME & Entrepreneurship Policies and the Istanbul Ministerial Declaration (June 2004), the OECD Centre for Entrepreneurship, SMEs and Local Development (CFE) participates actively in Working Group 4 of the MENA-OECD Investment Initiative on Investment and Governance for Development through Output 3: “Improving the Policy Environment ...

Innovation and entrepreneurship are no longer two words that only assist in describing societal phenomena of “newness”, “change” and “diffusion”; they have also grown into important policy areas for assisting the European Union Member States to establish conditions for creating economic growth, new jobs and social cohesion. Our interest lies in understanding the gender dimension of innovation a...

This paper reconsiders the predominant typology pioneered by Baumol (1990) among productive, unproductive and destructive entrepreneurship. It is shown that the foundation of Baumol’s classificatory scheme is the restrictive concept of first-best outcomes, and therefore it easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal inst...

East Germany’s unemployment rate still doubles that of West Germany and for the last decade its economic growth has been below that of other transition countries. Policy makers often point to the lack of entrepreneurship as one of East Germany’s main problems. This paper addresses the question of how East Germany’s integration into an established economy, West Germany, may have hindered a fruit...

Entrepreneurial activity has been argued to be an important stimulus of growth, especially in less developed countries. However, measuring the returns to entrepreneurship is made difficult due to potential selection on the basis of unobservable abilities and the agents’ im­ perfect information about their own comparative advantage in entrepreneurship. I develop a novel extension to projection-b...

This study explored the relationship between individual differences and behavioral intentions toward entrepreneurial careers, defined here as owning one's own business. Of particular interest was a recent innovation in the individual differences literature -the proactive personality scale. Using a sample of 181 students, entrepreneurial intentions were found to be significantly associated with ...

I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value appropriation and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the pursuit of sustainable solutions to problems of neglected positive externalities. I further discu...

Entrepreneurship has been a topical issue in the business administration literature, but in the past decade a wave of interest can be observed on the role of entrepreneurship in the economic growth literature. This paper aims to highlight the various contributions to the entrepreneurship literature from the perspective of regional economic development. After a broad overview, particular attenti...