Relationship between organizations, institutions, entrepreneurship and economic growth process

Nissan, Edward; Martín, Miguel Ángel Galindo; Picazo, María-Teresa Méndez

doi:10.1007/s11365-011-0191-2

Cited by 48 publications

(33 citation statements)

References 72 publications

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“…One important conclusion derived from these studies concerns the necessity of an institutional framework to explain how the entrepreneurial activity is configured in each location. This idea is also claimed by Bjørnskov and Foss (2013) and Nissan et al (2011), who find that institutions affect economic growth, specifically formal institutions, such as procedures or the time needed to create a new business, indicating that regulation can influence the context in which entrepreneurship affects economic growth. and Baumol and Strom (2007) discuss the importance of understanding how entrepreneurship is configured by taking into account culture, beliefs and social values, among other factors, to obtain the best understanding of the role of entrepreneurship in economic growth.…”

Section: Introductionmentioning

confidence: 70%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

515

409

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Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract: This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit into the society for those institutional factors that affect productive behavior such as entrepreneurial activity. Thus, opportunity entrepreneurship is identified as one such mechanism that impacts on economic growth. Using a three-stage least-square method through unbalanced panel data with 43 countries (2004-2012), we find that informal institutions have a higher impact on opportunity entrepreneurship than formal institutions. Variables such as control of corruption, confidence in one's skills and private coverage to obtain credit promote a positive effect of opportunity entrepreneurship on economic growth in all the countries of our sample, and especially in Latin American countries as a homogeneous group. These results suggest additional elements to the theoretical discussion in terms of the importance of institutions such framework to understand determinants and effects of opportunity entrepreneurship. Regarding 2 policy implications, the results also suggest that it could be possible to obtain economic growth encouraging the appropriate institutions in order to increase the entrepreneurship by opportunity.

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Section: Introductionmentioning

confidence: 70%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

515

409

View full text Add to dashboard Cite

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“…Hence, institutional factors can be an accurate framework in which entrepreneurship and economic growth interact (Audretsch et al 2008). Some empirical evidence is presented by Bjørnskov and Foss (2013) and Nissan et al (2011), who find that legal institutions (procedures or the time to create a new business) affect economic growth. Nevertheless, as Baumol and Strom (2007) and Keilbach (2004a, 2004b) have discussed, it is important to understand how entrepreneurship is configured by taking into account culture, beliefs, and social values, among other factors, to obtain the best understanding of the role of entrepreneurship in economic growth.…”

Section: Institutions Entrepreneurship and Economic Growthmentioning

confidence: 99%

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

2018

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This paper analyzes an emergent stream of research shedding light on the institutional factors shaping entrepreneurial activity and its effect on economic growth. This integrative analysis spanning a broad spectrum of diverse literature enables a distinction between two different research lines in the field of entrepreneurship. The findings of this study, based on articles from the journals included in the Web of Science database, facilitate a broader comprehension of two separate lines of research, which allows an analysis of the interaction among institutions, entrepreneurship, and economic growth. The systematic literature analysis over the last 25 years (1992-2016) of research reveals that institutions could be related to economic growth through entrepreneurship, which would open new research questions about what institutional factors are conducive to entrepreneurship, which in turn spurs economic growth. Thus, not only is understanding both complex relationships and their possible sequence useful for planning strategies and public policies, but it is also helpful for advancing and providing new insights in these research fields, which could be complementary and interdisciplinary.

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“…Innovation is now generally accepted as a critical parameter of human intelligence and cognitive capacities (Nissan et al 2011).…”

Section: Innovation and Entrepreneurshipmentioning

confidence: 99%

Networks of Innovation and Competitiveness: A Triple Helix Case Study

2014

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This paper aims to study the knowledge and technology transfer processes taking place in cooperation between academia and industry cooperation through an EUfunded R & D project. We follow a qualitative research methodology through a case study, incorporating interviews with the institutional actors involved (university, industry and government) in the cooperation project. While this study is limited to a case study, it does, however, highlight the importance of Triple Helix networks in order to develop research, development and innovation (RDI) initiatives and their commercialization and correspondingly enabling the identification of both potential opportunities and constraints in the process. Through the practical perspective of a successful Triple Helix cooperation case study, we were able to develop an innovative and continuous olive harvesting machine in order to satisfy a real need in the Mediterranean market. Inserted within the context of the triangulation of the Triple Helix model, this paper demonstrates the importance of RDI cooperation networks and the consequent commercialization of new tradable products with positive consequences to regional competitiveness.

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Relationship between organizations, institutions, entrepreneurship and economic growth process

Cited by 48 publications

References 72 publications

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

Networks of Innovation and Competitiveness: A Triple Helix Case Study

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