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Enhancing Countries’ Productivity Through a Healthy Entrepreneurial Ecosystem

In: Global Entrepreneurship and Development Index 2018

Author

Listed:
  • Zoltán J. Ács

    (George Mason University)

  • László Szerb

    (University of Pécs)

  • Esteban Lafuente

    (Universitat Politècnica de Catalunya, (UPC Barcelona Tech) EPSEB)

  • Ainsley Lloyd

    (The Global Entrepreneurship and Development Institute)

Abstract

As a national phenomenon, entrepreneurship is much more than the mere rate of new businesses or self-employment rates. Within a territorial context, any definition of entrepreneurship should take into consideration the interconnectedness between individual actions and the institutional setting backing entrepreneurial actions which, ultimately, fuel the economy by creating jobs and development. This argument is not new, and support policies—for example, tax incentives and subsidies—tend to excessively focus on how to quickly increase self-employment rates, in an effort to generate outcomes that cater to the short-term tastes of policymakers. Nevertheless, higher government spending on private subsidies does not necessarily yield the desired entrepreneurial outcomes.

Suggested Citation

  • Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "Enhancing Countries’ Productivity Through a Healthy Entrepreneurial Ecosystem," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 39-53, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-03279-1_4
    DOI: 10.1007/978-3-030-03279-1_4
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