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Summary and Conclusions

In: Institutional Reform for Innovation and Entrepreneurship

Author

Listed:
  • Niklas Elert

    (Research Institute of Industrial Economi)

  • Magnus Henrekson

    (Research Institute of Industrial Economi)

  • Mikael Stenkula

    (Research Institute of Industrial Economi)

Abstract

To promote innovation and economic growth in the European Union, we propose a reform strategy with respect to the aforementioned nine areas, which we consider to be the most pertinent institutions and policies in order to foster a productive entrepreneurial economy. Overall, the proposed institutional changes move in a liberalizing direction, but we acknowledge that one-size-fits-all policy reforms aimed at freer markets will not necessarily be successful. Instead, a successful reform strategy must consider country differences that affect the viability of reform. Nevertheless, policymakers should not lose sight of the long-term goal of institutional liberalization to promote entrepreneurship, innovation and growth. Hopefully, this work inspires both confidence and humility regarding Europe’s innovation future.

Suggested Citation

  • Niklas Elert & Magnus Henrekson & Mikael Stenkula, 2017. "Summary and Conclusions," SpringerBriefs in Economics, in: Institutional Reform for Innovation and Entrepreneurship, chapter 0, pages 87-92, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-55092-3_4
    DOI: 10.1007/978-3-319-55092-3_4
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