Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

By Zoltan J. Acs, Saul Estrin, Tomasz Mickiewicz, László Szerb. Small Business Economics, 2018

487 citations recorded by the source corpus.

We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth. To do this, we build on the concept of National Systems of Entrepreneurship (NSE) as resource allocation systems that combine institutions and human agency into an interdependent system of complementarities. We explore the empirical relevance of these ideas using data from a representative global survey and institutional sources for 46 countries over the period 2002–2011. We find support for the role of the entrepreneurial ecosystem in economic growth.

Subfields: Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/0c8ee68287b96b81c662308a1eef30f30a30b85a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. M. Sanders
2. J. Content
3. N. Bosma
4. E. Stam
5. Michael Fritsch
6. David B. Audretsch
7. E. Malecki
8. Rolf Sternberg

In Management of Technology and Innovation

1. M. Sanders
2. J. Content
3. N. Bosma
4. E. Stam
5. Michael Fritsch
6. David B. Audretsch
7. E. Malecki
8. Rolf Sternberg

Citations in the corpus

• Innovation performance: The effect of knowledge-based dynamic capabilities in cross-country innovation ecosystems (2021, unknown): “…(1993) on National Systems of Innovation, this study approaches country-level innovation, institutions and policies from a structural perspective and works off the premise that structure, rather than individual processes, determines the innovation performance of economic markets (Acs et al. 2018).”
• Institutions, entrepreneurship, and economic growth in Europe (2018, methodology): “This paper provides input that will help develop more quality-adjusted measures of entrepreneurship (e.g., Acs and Szerb 2009; Acs et al. 2014; Acs et al. 2018) and informs the latent class approach (Bruns et al. 2017) about the institutional variables that may predict entrepreneurial growth…”