INSTITUTIONS, ENTREPRENEURSHIP, AND ECONOMIC PERFORMANCE IBD

Sinopse

Using institutional economics as a theoretical framework, this bookáanalyzesáinstitutional environmentáconducive to entrepreneurial activity in order to enhance economic performanceáacross countries. In particular,áthe main contributions ofáthis book to the entrepreneurship literatureáare the following:áâÇó Identifyápast and current research about the institutional context shaping entrepreneurial activity and its effect on economic growthâÇóáExamine social progress orientation as those institutional factors that are shaping innovative entrepreneurial activityâÇó Exploreáthe effect ofádifferentátypes of entrepreneurial activities on economic growthâÇó Examineáhow social progress orientation througháopportunity-drivenáentrepreneurship affects economic developmentâÇó Analyzeáthe interrelationships between institutions, entrepreneurial activity and economic development across countriesâÇó Studyáhowáthe countryâÇÖs institutional context influences the way in which entrepreneurial activity affects social progressáTwo sides of the same coin might be observed when analyzing policy aspects of those institutions affecting entrepreneurial activity. On the one hand, effective public policy to promote entrepreneurship is predicated on understanding the underlying forces as well as the consequences and impacts of entrepreneurship.áOn the other hand, different endeavors to promoteáentrepreneurial activity might have deleterious economic effects since they could actually reduce employment in the long-term. Thus, it is crucial to understand the institutional environment in which entrepreneurs are interacting and making decisions. The comprehension of these phenomena serves to move forward the theoretical, practical and policy debate on entrepreneurship as a mechanism to achieve higher economic performance.