The Role of Government Policy in Entrepreneurship Development

Abstract

This paper aims to develop a conceptual framework that examines the role government policy plays in the development of entrepreneurship and its impact on economic development. The study builds on existing literature on entrepreneurship, economic development and government policy as it relates to entrepreneurial practices. The outcomes of literature review propose two hypotheses. Integrating entrepreneurship practices with economic development, with government policy intervening, a framework is developed. For the reason that entrepreneurship is a part of economic development strategy employed by several countries globally to achieve macroeconomic benefits. The framework provides a starting point for researchers and practitioners to further examine entrepreneurship policies and practices. For researchers, the framework clarifies the determining attributes of entrepreneurship, government policy and economic development dimensions and their proposed relationships. For practitioners, the framework can be used to gain an understanding of the role of government policy on entrepreneurship development as well as economic development.

The effect of entrepreneurial orientation on Bangladeshi SME performance: Role of organizational culture

“…The causes of inadequate and inconsistent performance of Bangladeshi SMEs are lack of finance, inappropriate entrepreneurial behavior, improper marketing strategy, and weak relationship with customers Alauddin & Chowdhury, 2015;Bangudu, 2013). In addition, survival and better SME performance depend on the encouraging policy, better organizational culture (OC) as well as entrepreneurial ability that can drive and develop the SME sector of a country (Obaji & Olugu, 2014).…”

Entrepreneurship Policies and Poverty Reduction in Selected States of the South-East, Nigeria

“…Oni & Daniya, (2012), as cited in Margaret, (2018), asserted that governments of most countries especially developing countries like China, Brazil, Saudi Arabia, Malaysia and Nigeria have in the past invested efforts and resources in initiating policies expected to improve entrepreneurship development. For instance, the case of the Chinese government which has made resolute efforts through policies and resources on the development of high technology businesses (Obaji & Olugu, 2014). The Brazilian entrepreneurship movement which has improved greatly as a result of government policies aimed towards developing the low-tech businesses as well as high technological oriented firms (Etzkowitz, 2009).…”

Formulação e implementação, convergências e desvios: facetas da política pública do MicroEmpreendedor Individual (MEI) no plano local

“…An expressive number of countries have created programs to support entrepreneurship in their territories (Barba-Sánchez & Atienza-Sahuquillo, 2012;Ghani et al, 2014;Halabí & Lussier, 2014;Mayer-Haug et al, 2013;Obaji & Olugu, 2014;Pickernell et al, 2013;Poschke, 2013;Román et al, 2013;Slonimczyk & Gimpelson, 2015) in order to tackle informality (Castro et al, 2014;Centeno & Portes, 2006;Hu, 2014;Kus, 2014;Nguyen et al, 2014;Webb et al, 2014). Those are initiatives that, in most part, present the double target of, on one hand stimulate the development of new enterprises and, on the other, support the transition from informality to formality.…”

“…Those are initiatives that, in most part, present the double target of, on one hand stimulate the development of new enterprises and, on the other, support the transition from informality to formality. These programs are interesting for developed countries, as well as emergent and less developed ones (Castro et al, 2014;Nguyen et al, 2014;Obaji & Olugu, 2014;Slonimczyk & Gimpelson, 2015;Webb et al, 2014).…”

“…Such initiatives, however, were unsuccessful due to the excess of bureaucratic procedures, corruption, infrastructure insufficiency, local political derangement and the lack of governmental will to operate the proposed mechanisms (Obaji & Olugu, 2014).…”