Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

By David Urbano, Sebastian Aparicio, David B. Audretsch. 2019

638 citations recorded by the source corpus.

This paper analyzes an emergent stream of research shedding light on the institutional factors shaping entrepreneurial activity and its effect on economic growth. This integrative analysis spanning a broad spectrum of diverse literature enables a distinction between two different research lines in the field of entrepreneurship. The findings of this study, based on articles from the journals included in the Web of Science database, facilitate a broader comprehension of two separate lines of research, which allows an analysis of the interaction among institutions, entrepreneurship, and economic growth. The systematic literature analysis over the last 25 years (1992–2016) of research reveals that institutions could be related to economic growth through entrepreneurship, which would open new research questions about what institutional factors are conducive to entrepreneurship, which in turn spurs economic growth. Thus, not only is understanding both complex relationships and their possible sequence useful for planning strategies and public policies, but it is also helpful for advancing and providing new insights in these research fields, which could be complementary and interdisciplinary.

Subfields: Accounting, Business and International Management, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/b8fbd7fea5266ab2188368a92932cdc4ad5dee76

How researchers see this paper

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

In Accounting

In Business and International Management

In Management of Technology and Innovation

Citations in the corpus

Country-level entrepreneurial attitudes and activity through the years: A panel data analysis using fsQCA (2020, positive): “Entrepreneurs often experience a fear of failure in relation to the startup and development process (Urbano, Aparicio, & Audretsch, 2018), which is unsurprising given that many individuals are risk averse (Arenius & Minniti, 2005).”
The influence of ecosystems on the entrepreneurship process: a comparison across developed and developing economies (2020, background): “…labour market, infrastructure, networks, R&D, and market dynamics) exert an influence during the exploration, exploitation, and consolidation of entrepreneurial initiatives (technological vs. non-technological) per type of economy (developed vs. developing economies) (Guerrero and Urbano 2019b).”