Cookies?
Library Header Image
LSE Research Online LSE Library Services

National systems of entrepreneurship: measurement issues and policy implications

Acs, Zoltan J. and Autio, Erkko and Szerb, László (2014) National systems of entrepreneurship: measurement issues and policy implications. Research Policy, 43 (3). pp. 476-494. ISSN 0048-7333

Full text not available from this repository.
Identification Number: 10.1016/j.respol.2013.08.016

Abstract

We introduce a novel concept of National Systems of Entrepreneurship and provide an approach to characterizing them. National Systems of Entrepreneurship are fundamentally resource allocation systems that are driven by individual-level opportunity pursuit, through the creation of new ventures, with this activity and its outcomes regulated by country-specific institutional characteristics. In contrast with the institutional emphasis of the National Systems of Innovation frameworks, where institutions engender and regulate action, National Systems of Entrepreneurship are driven by individuals, with institutions regulating who acts and the outcomes of individual action. Building on these principles, we also introduce a novel index methodology to characterize National Systems of Entrepreneurship. The distinctive features of the methodology are: (1) systemic approach, which allows interactions between components of National Systems of Entrepreneurship; (2) the Penalty for Bottleneck feature, which identifies bottleneck factors that hold back system performance; (3) contextualization, which recognizes that national entrepreneurship processes are always embedded in a given country's institutional framework.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/00487...
Additional Information: © 2013 Elsevier B.V.
Subjects: H Social Sciences > HB Economic Theory
Sets: Departments > Management
Date Deposited: 09 Apr 2014 08:48
Last Modified: 13 Jun 2014 11:28
Projects: ES/K006614/1
Funders: Enterprise Research Centre, Engineering and Physical Sciences Research Council
URI: http://eprints.lse.ac.uk/id/eprint/56426

Actions (login required)

View Item View Item