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Entrepreneurship, economic growth and public policy

Acs, Zoltan J. and Szerb, László (2007) Entrepreneurship, economic growth and public policy. Small Business Economics, 28 (2-3). pp. 109-122. ISSN 0921-898X

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Identification Number: 10.1007/s11187-006-9012-3


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.

Item Type: Article
Official URL:
Additional Information: © 2006 Springer
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
P - Economic Systems > P3 - Socialist Institutions and Their Transitions
Date Deposited: 14 Apr 2014 07:49
Last Modified: 17 Jun 2024 18:39

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