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What is the value of entrepreneurship? A review of recent research

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Author Info
C. Praag ()
Peter Versloot

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Article provided by Springer in its journal Small Business Economics.

Volume (Year): 29 (2007)
Issue (Month): 4 (December)
Pages: 351-382
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Handle: RePEc:kap:sbusec:v:29:y:2007:i:4:p:351-382

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Related research
Keywords: Entrepreneur; Entrepreneurship; Self-employment; Productivity; Economic development; Growth; Employment; Innovation; Patents; R&; D; Utility; Remuneration; Income; D24; D31; E23; E24; J21; J28; J31; L26; M13;

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Riccardo Lucchetti & Alessandro Sterlacchini, 2004. "The Adoption of ICT among SMEs: Evidence from an Italian Survey," Small Business Economics, Springer, vol. 23(2), pages 151-168, 09. [Downloadable!]
  2. André van Stel & David Storey & Pamela Mueller, 2006. "The effects of new firm formation on regional development over time: The case of Great Britain," Scales Research Reports H200618, EIM Business and Policy Research. [Downloadable!]
    Other versions:
  3. Holtz-Eakin, Douglas & Rosen, Harvey S & Weathers, Robert, 2000. " Horatio Alger Meets the Mobility Tables," Small Business Economics, Springer, vol. 14(4), pages 243-74, June. [Downloadable!] (restricted)
    Other versions:
  4. Audretsch, David B & Vivarelli, Marco, 1996. " Firms Size and R&D Spillovers: Evidence from Italy," Small Business Economics, Springer, vol. 8(3), pages 249-58, June.
  5. Audretsch, David B, et al, 2002. "Impeded Industrial Restructuring: The Growth Penalty," Kyklos, Blackwell Publishing, vol. 55(1), pages 81-97.
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  6. Callejon, Maria & Segarra, Agusti, 1999. " Business Dynamics and Efficiency in Industries and Regions: The Case of Spain," Small Business Economics, Springer, vol. 13(4), pages 253-71, December. [Downloadable!] (restricted)
  7. Dan Johansson, 2005. "The Turnover of Firms and Industry Growth," Small Business Economics, Springer, vol. 24(5), pages 487-495, 06. [Downloadable!] (restricted)
  8. Spletzer, James R, 2000. "The Contribution of Establishment Births and Deaths to Employment Growth," Journal of Business & Economic Statistics, American Statistical Association, vol. 18(1), pages 113-26, January.
  9. Davis, Steven J & Haltiwanger, John & Schuh, Scott, 1996. " Small Business and Job Creation: Dissecting the Myth and Reassessing the Facts," Small Business Economics, Springer, vol. 8(4), pages 297-315, August.
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  10. Clark, Andrew E. & Oswald, Andrew J., 1996. "Satisfaction and comparison income," Journal of Public Economics, Elsevier, vol. 61(3), pages 359-381, September. [Downloadable!] (restricted)
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  11. Charles Brown & James L. Medoff, 2003. "Firm Age and Wages," Journal of Labor Economics, University of Chicago Press, vol. 21(3), pages 677-698, July. [Downloadable!]
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  12. Allen Scott, 2006. "Entrepreneurship, Innovation and Industrial Development: Geography and the Creative Field Revisited," Small Business Economics, Springer, vol. 26(1), pages 1-24, 02. [Downloadable!] (restricted)
  13. Broersma, Lourens & Gautier, Pieter, 1997. " Job Creation and Job Destruction by Small Firms: An Empirical Investigation for the Dutch Manufacturing Sector," Small Business Economics, Springer, vol. 9(3), pages 211-24, June. [Downloadable!] (restricted)
  14. André van Stel & Roy Thurik & Martin Carree, 2005. "The effect of entrepreneurial activity on national economic growth," Scales Research Reports N200419, EIM Business and Policy Research. [Downloadable!]
    Other versions:
  15. Burgess, Simon & Lane, Julia & Stevens, David, 2000. "Job Flows, Worker Flows, and Churning," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 473-502, July. [Downloadable!] (restricted)
    Other versions:
  16. Martin Carree & Roy Thurik, 2006. "The Lag Structure of the Impact of Business Ownership on Eco-nomic Performance in OECD Countries," Papers on Entrepreneurship, Growth and Public Policy 2006-02, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group. [Downloadable!]
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  17. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December. [Downloadable!] (restricted)
  18. Tadahisa Koga, 2005. "R&D Subsidy and Self-Financed R&D: The Case of Japanese High-Technology Start-Ups," Small Business Economics, Springer, vol. 24(1), pages 53-62, February. [Downloadable!] (restricted)
  19. Zoltan Acs & Pamela Mueller, 2008. "Employment effects of business dynamics: Mice, Gazelles and Elephants," Small Business Economics, Springer, vol. 30(1), pages 85-100, January. [Downloadable!] (restricted)
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  20. Heshmati, Almas, 2001. " On the Growth of Micro and Small Firms: Evidence from Sweden," Small Business Economics, Springer, vol. 17(3), pages 213-28, November. [Downloadable!] (restricted)
  21. Bruno Frey & Matthias Benz, 2003. "Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  22. Carrington, William J & McCue, Kristin & Pierce, Brooks, 1996. "The Role of Employer-Employee Interactions in Labor Market Cycles: Evidence from the Self-Employed," Journal of Labor Economics, University of Chicago Press, vol. 14(4), pages 571-602, October. [Downloadable!] (restricted)
  23. Carree, M A, 2002. " Industrial Restructuring and Economic Growth," Small Business Economics, Springer, vol. 18(4), pages 243-55, June. [Downloadable!] (restricted)
  24. Cowling, Marc, 2001. " Fixed Wages or Productivity Pay: Evidence from 15 EU Countries," Small Business Economics, Springer, vol. 16(3), pages 191-204, May. [Downloadable!] (restricted)
  25. Baldwin, John & Picot, Garnett, 1995. " Employment Generation by Small Producers in the Canadian Manufacturing Sector," Small Business Economics, Springer, vol. 7(4), pages 317-31, August.
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  26. Sander Wennekers & André van Stel & Roy Thurik & Paul Reynolds, 2005. "Nascent entrepreneurship and the level of economic development," Papers on Entrepreneurship, Growth and Public Policy 2005-14, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group. [Downloadable!]
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  27. Cramer, J. S. & Hartog, J. & Jonker, N. & Van Praag, C. M., 2002. "Low risk aversion encourages the choice for entrepreneurship: an empirical test of a truism," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 29-36, May. [Downloadable!] (restricted)
  28. Michael Luger & Jun Koo, 2005. "Defining and Tracking Business Start-Ups," Small Business Economics, Springer, vol. 24(1), pages 17-28, January. [Downloadable!] (restricted)
  29. Pannenberg, Markus & Wagner, Gert G., 2001. "Overtime Work, Overtime Compensation and the Distribution of Economic Well-Being Evidence for the West Germany and Great Britain," IZA Discussion Papers 318, Institute for the Study of Labor (IZA). [Downloadable!]
  30. Roper, Stephen, 1999. " Under-Reporting of R&D in Small Firms: The Impact on International R&D Comparisons," Small Business Economics, Springer, vol. 12(2), pages 131-35, March. [Downloadable!] (restricted)
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  31. Sherrill Shaffer, 2006. "Establishment Size and Local Employment Growth," Small Business Economics, Springer, vol. 26(5), pages 439-454, 06. [Downloadable!] (restricted)
  32. Naomi E. Feldman & Joel Slemrod, 2007. "Estimating tax noncompliance with evidence from unaudited tax returns," Economic Journal, Royal Economic Society, vol. 117(518), pages 327-352, 03. [Downloadable!] (restricted)
  33. Laia Castany & Enrique López-Bazo & Rosina Moreno, 2005. "Differences In Total Factor Productivity Across Firm Size - A Distributional Analysis," ERSA conference papers ersa05p115, European Regional Science Association. [Downloadable!]
  34. Rudolf Winter-Ebmer & Josef Zweimueller, . "Firm Size Wage Differentials in Switzerland: Evidence from Job Changers," IEW - Working Papers iewwp001, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  35. Sang V Nguyen & Arnold P Reznek, 1990. "Returns to Scale in Small and Large U.S. Manufacturing Establishments," Working Papers 90-11, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
  36. André van Stel & Kashifa Suddle, 2005. "The Impact of New Firm Formation on Regional Development in the Netherlands," Scales Research Reports H200503, EIM Business and Policy Research. [Downloadable!]
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  37. Wunnava, Phanindra V & Ewing, Bradley T, 2000. " Union-Nonunion Gender Wage and Benefit Differentials across Establishment Sizes," Small Business Economics, Springer, vol. 15(1), pages 47-57, August. [Downloadable!] (restricted)
  38. Robert Fairlie, 2005. "Entrepreneurship and Earnings among Young Adults from Disadvantaged Families," Small Business Economics, Springer, vol. 25(3), pages 223-236, October. [Downloadable!] (restricted)
  39. Arvanitis, Spyros, 1997. " The Impact of Firm Size on Innovative Activity--An Empirical Analysis Based on Swiss Firm Data," Small Business Economics, Springer, vol. 9(6), pages 473-90, December. [Downloadable!] (restricted)
  40. Samuel Kortum & Josh Lerner, 2000. "Assessing the Contribution of Venture Capital to Innovation," RAND Journal of Economics, The RAND Corporation, vol. 31(4), pages 674-692, Winter.
  41. Timothy Dunne & Mark J. Roberts & Larry Samuelson, 1988. "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries," RAND Journal of Economics, The RAND Corporation, vol. 19(4), pages 495-515, Winter. [Downloadable!] (restricted)
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  42. Richard Disney & Jonathan Haskel & Ylva Heden, 2003. "Restructuring and productivity growth in uk manufacturing," Economic Journal, Royal Economic Society, vol. 113(489), pages 666-694, 07. [Downloadable!] (restricted)
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  43. Dirk Czarnitzki & Kornelius Kraft, 2004. "Firm Leadership and Innovative Performance: Evidence from Seven EU Countries," Small Business Economics, Springer, vol. 22(5), pages 325-332, 06. [Downloadable!]
  44. Kenneth R Troske, 1994. "Evidence on the Employer Size-Wage Premium From Worker-Establishment Matched Data," Working Papers 94-10, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
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  45. Love, James H & Ashcroft, Brian, 1999. " Market versus Corporate Structure in Plant-Level Innovation Performance," Small Business Economics, Springer, vol. 13(2), pages 97-109, September. [Downloadable!] (restricted)
  46. J. Bradford Jensen & Robert H. McGuckin & Kevin Stiroh, 2000. "The Impact of Vintage and Survival on Productivity: Evidence from Cohorts of U.S. Manufacturing Plants," Economics Program Working Papers 00-01, The Conference Board, Economics Program. [Downloadable!]
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  47. Michael Fritsch & Pamela Mueller, 2006. "The Effect of New Business Formation on Regional Development over Time: The Case of Germany," Papers on Entrepreneurship, Growth and Public Policy 2006-19, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group. [Downloadable!]
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  48. Almeida, Paul & Kogut, Bruce, 1997. " The Exploration of Technological Diversity and the Geographic Localization of Innovation," Small Business Economics, Springer, vol. 9(1), pages 21-31, February. [Downloadable!] (restricted)
  49. William Norton & William Moore, 2006. "The Influence of Entrepreneurial Risk Assessment on Venture Launch or Growth Decisions," Small Business Economics, Springer, vol. 26(3), pages 215-226, 04. [Downloadable!] (restricted)
  50. Hart, Peter E & Oulton, Nicholas, 1996. "Growth and Size of Firms," Economic Journal, Royal Economic Society, vol. 106(438), pages 1242-52, September. [Downloadable!] (restricted)
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  51. Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, vol. 24(3), pages 323-334, 02. [Downloadable!] (restricted)
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  52. Rolf Sternberg & Sander Wennekers, 2005. "Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data," Small Business Economics, Springer, vol. 24(3), pages 193-203, 01. [Downloadable!] (restricted)
  53. Acs, Zoltan J & Gifford, Sharon, 1996. " Innovation of Entrepreneurial Firms," Small Business Economics, Springer, vol. 8(3), pages 203-18, June.
  54. Nola Hewitt-Dundas, 2006. "Resource and Capability Constraints to Innovation in Small and Large Plants," Small Business Economics, Springer, vol. 26(3), pages 257-277, 04. [Downloadable!] (restricted)
  55. Satu Nurmi, 2006. "Sectoral Differences in Plant Start-up Size in the Finnish Economy," Small Business Economics, Springer, vol. 26(1), pages 39-60, 02. [Downloadable!] (restricted)
  56. Lever, Marcel H C, 1996. " Firm Size and Employment Determination in Dutch Manufacturing Industries," Small Business Economics, Springer, vol. 8(5), pages 389-96, October.
  57. Konings, Jozef, 1995. " Gross Job Flows and the Evolution of Size in U.K. Establishments," Small Business Economics, Springer, vol. 7(3), pages 213-20, June.
  58. Ekelund, Jesper & Johansson, Edvard & Jarvelin, Marjo-Riitta & Lichtermann, Dirk, 2005. "Self-employment and risk aversion--evidence from psychological test data," Labour Economics, Elsevier, vol. 12(5), pages 649-659, October. [Downloadable!] (restricted)
  59. Fritsch, Michael, 1997. " New Firms and Regional Employment Change," Small Business Economics, Springer, vol. 9(5), pages 437-48, October. [Downloadable!] (restricted)
  60. Emmanuel Dechenaux & Brent Goldfarb & Scott A. Shane & Marie C. Thursby, 2003. "Appropriability and the timing of innovation: Evidence from MIT inventions," NBER Working Papers 9735, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  61. Oosterbeek, Hessel & van Praag, Mirjam, 1995. " Firm-Size Wage Differentials in the Netherlands," Small Business Economics, Springer, vol. 7(3), pages 173-82, June.
  62. Elena Huergo & Jordi Jaumandreu, 2004. "How Does Probability of Innovation Change with Firm Age?," Small Business Economics, Springer, vol. 22(3_4), pages 193-207, 04. [Downloadable!]
  63. Blanchflower, D.G. & Oswald, A., 1991. "What Makes an Entrepreneur?," Economics Series Working Papers 99125, University of Oxford, Department of Economics.
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  64. Barton H. Hamilton, 2000. "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 604-631, June. [Downloadable!] (restricted)
  65. Blandina Oliveira & Adelino Fortunato, 2006. "Firm Growth and Liquidity Constraints: A Dynamic Analysis," Small Business Economics, Springer, vol. 27(2), pages 139-156, October. [Downloadable!] (restricted)
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  66. Justin van der Sluis & Mirjam van Praag & Arjen van Witteloostuijn, 2007. "Why Are the Returns to Education Higher for Entrepreneurs than for Employees?," IZA Discussion Papers 3058, Institute for the Study of Labor (IZA). [Downloadable!]
  67. van Praag, C M & Cramer, J S, 2001. "The Roots of Entrepreneurship and Labour Demand: Individual Ability and Low Risk Aversion," Economica, London School of Economics and Political Science, vol. 68(269), pages 45-62, February. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Andersson, Martin & Noseleit, Florian, 2008. "Start-Ups and Employment Growth - Evidence from Sweden," Working Paper Series in Economics and Institutions of Innovation 155, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
    Other versions:
  2. Naude, Wim, 2008. "Entrepreneurship in Economic Development," Working Papers RP2008/20, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  3. André van Stel & Roy Thurik & Sander Wennekers & Martin Carree, 2009. "The relationship between entrepreneurship and economic development: is it U-shaped?," Scales Research Reports H200824, EIM Business and Policy Research. [Downloadable!]
  4. David B. Audretsch & Mark Sanders, 2008. "Globalization and the Rise of the Entrepreneurial Economy," Working Papers 08-21, Utrecht School of Economics. [Downloadable!]
  5. Hartog, Joop & van Praag, Mirjam & van der Sluis, Justin, 2008. "If You Are So Smart, Why Aren't You an Entrepreneur? Returns to Cognitive and Social Ability: Entrepreneurs versus Employees," IZA Discussion Papers 3648, Institute for the Study of Labor (IZA). [Downloadable!]
  6. Sherrill Shaffer, 2008. "Financial Performance Of Small Business Loans: Indirect Evidence," CAMA Working Papers 2008-28, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
  7. Grossmann, Volker, 2008. "Entrepreneurial Innovation and Sustained Long-Run Growth without Weak or Strong Scale Effects," IZA Discussion Papers 3389, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  8. Koster, Sierdjan & Karlsson, Charlie, 2009. "New Firm Formation and Economic Development in a Globalizing Economy," Working Paper Series in Economics and Institutions of Innovation 167, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
  9. Joop Hartog & Mirjam van Praag & Justin van der Sluis, 2008. "If you are so smart, why aren’t you an Entrepreneur?," Tinbergen Institute Discussion Papers 08-073/3, Tinbergen Institute. [Downloadable!]
  10. Holger Strulik & Volker Grossmann, 2008. "Should Continued Family Firms Face Lower Taxes than other Estates?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  11. Sherrill Shaffer & Iftekhar Hasan & Mingming Zhou, 2008. "New Small Firms And Dimensions Of Economic Performance," CAMA Working Papers 2008-24, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
    Other versions:
  12. Marco Caliendo & Alexander S. Kritikos, 2008. "Start-Ups by the Unemployed: Characteristics, Survival and Direct Employment Effects," Working Papers 008, Hanseatic University, Germany, Department of Economics. [Downloadable!]
    Other versions:
  13. Douhan, Robin & van Praag, Mirjam, 2009. "Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework," IZA Discussion Papers 4211, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  14. Christoph Kneiding & Alexander S. Kritikos, 2008. "Funding Self-Employment – The Role of Consumer Credit," Working Papers 005, Hanseatic University, Germany, Department of Economics. [Downloadable!]
    Other versions:
  15. Nyström, Kristina, 2008. "Is Entrepreneurship the Salvation for Enhanced Economic Growth?," Working Paper Series in Economics and Institutions of Innovation 143, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
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