Building Entrepreneurial Economies

Schramm, Carl J.

doi:10.2307/20034050

Cited by 68 publications

(37 citation statements)

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“…At the very least, any society interested in encouraging entrepreneurship must make it rewarding and easy to do. For the most part, the U.S has developed laws and institutions over time to effectively do that: A legal system protects rights of contract and property (including intellectual property), state and local registration systems make it easy to form a business, the tax system has evolved towards lower marginal tax rates, and laws support a financial system that generally favors the formation and growth of new ventures (Schramm, 2004). Several federal policy initiatives were adopted during Democratic and Republican administrations over the past three decades, which have supported the shift from a managerial to an entrepreneurial economy (Acs, 1984).…”

Section: Entrepreneurial Capitalismmentioning

confidence: 99%

Entrepreneurship, Economic Growth and Public Policy

2006

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This paper is an introduction to the second Global Entrepreneurship Research Conference. The conference focused on developing a better understanding of the relationships among entrepreneurship, economic growth and public policy, and variations according to the stage of economic development. The papers in this special issue conduct analysis with GEM micro-and-macro data, and offer several important policy recommendations. First, middle-income countries should focus on increasing human capital, upgrading technology availability and promoting enterprise development. It is important to start enterprise development policies early because the main drivers are perceptual variables that are difficult to change in the short run. Second, for developed economies, reducing entry regulations, in most cases, will not result in more high-potential startups. Both labor market reform and deregulation of financial markets may be needed to support growth of high-performance ventures. Copyright Springer Science+Business Media, LLC 2007Central Europe, development, entrepreneurship policy, GEM, micro data, L26, M13, O4, P3,

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Section: Entrepreneurial Capitalismmentioning

confidence: 99%

Entrepreneurship, Economic Growth and Public Policy

2006

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“…Based on the log-likelihood and Akaike Information Criterion (AIC), the appropriate model will be selected. Third, as noted earlier, as new firms provide impetus to growth even during recessions (Schramm 2004), rates of new entrepreneurs have not abruptly changed during the observation period , and entrepreneurial activities change more across regions than over time (Armington, Acs 2002), only county-specific effects will be considered. The XSMLE module in Stata will be used for the estimation purpose (Belotti et al 2016).…”

Section: Methodology and Datamentioning

confidence: 99%

“…Schramm (2004) suggested that the US is the leading entrepreneurial country in the world. New firms drive innovation and even during recessionary periods entrepreneurs provide impetus for recovery and economic growth.…”

Section: Introductionmentioning

confidence: 99%

Panel Data Models of New Firm Formation in New England

Parajuli¹,

Haynes

2017

REGION

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Abstract. This study examines the impact of the determinants of new firm formation in New England at the county level from 1999 to 2009. Based on the Spatial Durbin panel model that accounts for spillover effects, it is found that population density and human capital positively affect single-unit firm births within a county and its neighbors. Population growth rate also exerts a significant positive impact on new firm formation, but most of the effect is from spatial spillovers. On the contrary, the ratio of large to small firms in terms of employment size and the unemployment rate negatively influences single-unit firm births both within counties and among neighbors. However, there is no significant impact of local financial capital and personal income growth on new firm formation.

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“…However, the situation is changing. As is the case in a number of other Asian economies, China is "shifting from top-down, state-directed technology policies to more flexible, market-oriented approaches that foster innovation and entrepreneurship" (Segal, 2004) and is adopting policies that actively encourage entrepreneurship (Schramm, 2004).…”

Section: Strong Rules Of Laws and Enforcement Mechanismsmentioning

confidence: 99%

“…In many developing countries, starting a business entails overcoming a significant amount of red tape (Schramm, 2004). In China, one way to overcome bureaucratic red tape has been to be close to the CCP in order to gain advantages and preferential treatment (Guiheux, 2006).…”

Section: Shift From Double Entrepreneurship To Legal Entrepreneurshipmentioning

confidence: 99%

Institutional Changes Affecting Entrepreneurship in China

Kshetri

2007

J. Dev. Entrepreneurship

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Institutions influencing entrepreneurship are undergoing significant transformation in China. During the Mao era, private entrepreneurship was virtually eradicated and was a political taboo. As reflected in the macro-level economic data, there has been an evolution of entrepreneur-friendly institutions in the country. A constellation of factors linked to China's global integration is pushing through fundamental changes in institutions related to Chinese entrepreneurship. The logics or governance structures and organizing principles related to entrepreneurship are rapidly changing in the country. This paper examines forces influencing the diffusion of instrumental values promoting entrepreneurship among Chinese institutional actors.

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Building Entrepreneurial Economies

Cited by 68 publications

References 0 publications

Entrepreneurship, Economic Growth and Public Policy

Entrepreneurship, Economic Growth and Public Policy

Panel Data Models of New Firm Formation in New England

Institutional Changes Affecting Entrepreneurship in China

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