Advanced Search
MyIDEAS: Login to save this paper or follow this series

Unraveling the Shift to the Entrepreneurial Economy

Contents:

Author Info

  • Roy Thurik
  • David Audretsch
  • F. Stam

Abstract

A major shift in the organization of developed economies has been taking place: away from what has been characterized as the managed economy towards the entrepreneurial economy, or what Kirchhoff (1994) has called dynamic capitalism. In particular, the empirical evidence provides consistent support that (1) the role of entrepreneurship has significantly increased, and (2) a positive relationship exists between entrepreneurial activity and economic performance. However, the factors underlying this observed shift have not been identified in a systematic manner. The purpose of this paper is to suggest some of the factors leading to this shift and implications for public policy. In particular, we find that technological change is a fundamental catalyst underlying the shift from the managed to the entrepreneurial economy. However, it was not just technological change but rather involved a multitude of factors, ranging from the demise of the communist system, increased globalization, new competition for multinational firms and higher levels of prosperity. Recognition of the causes of the shift from the managed to the entrepreneurial economy implies a shift in public policy directions. Rather than to focus of directly and exclusively on promoting new firms and small firms, it may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship policy but rather a more pervasive and encompassing approach, policy consistent with an entrepreneurial economy.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.entrepreneurship-sme.eu/pdf-ez/H201113.pdf
Download Restriction: no

Bibliographic Info

Paper provided by EIM Business and Policy Research in its series Scales Research Reports with number H201113.

as in new window
Length: 29 pages
Date of creation: 22 Dec 2011
Date of revision:
Handle: RePEc:eim:papers:h201113

Contact details of provider:
Postal: P.O. Box 7001, 2701 AA Zoetermeer
Phone: (+31) 79 341 36 34
Fax: (+31) 79 341 50 24
Email:
Web page: http://www.entrepreneurship-sme.eu/
More information through EDIRC

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
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.:
as in new window
  1. David B. Audretsch, 1995. "Innovation and Industry Evolution," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011468, December.
  2. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
  3. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
  4. André van Stel & Roy Thurik & David Audretsch & Martin Carree, 2007. "Does Self-Employment Reduce Unemployment?," Scales Research Reports H200709, EIM Business and Policy Research.
  5. Zoltan Acs & Niels Bosma & Rolf Sternberg, 2008. "The Entrepreneurial Advantage of World Cities - Evidence from Global Entrepreneurship Monitor Data," Jena Economic Research Papers 2008-063, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  6. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
  7. Nooteboom, B., 1993. "Firm size effects on transaction costs," Open Access publications from Tilburg University urn:nbn:nl:ui:12-376115, Tilburg University.
  8. D.B. Audretsch & M.W.J.L. Sanders, 2008. "Globalization and the Rise of the Entrepreneurial Economy," Working Papers 08-21, Utrecht School of Economics.
  9. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131, December.
  10. 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.
  11. Jose Maria Millan & Jolanda Hessels & Roy Thurik & Rafael Aguado, 2011. "Determinants of Job Satisfaction across the EU-15: A Comparison of Self-Employed and Paid Employees," Tinbergen Institute Discussion Papers 11-043/3, Tinbergen Institute.
  12. Langlois, Richard N., 2002. "Modularity in technology and organization," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 19-37, September.
  13. Falck, Oliver & Gold, Robert & Heblich, Stephan, . "Entrepreneurship education," Chapters in Economics, University of Munich, Department of Economics.
  14. Harry P. Bowen & Edward E. Leamer & Leo Sveikauskas, 1986. "Multicountry, Multifactor Tests of the Factor Abundance Theory," NBER Working Papers 1918, National Bureau of Economic Research, Inc.
  15. Dominique Foray, 2006. "The Economics of Knowledge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562235, December.
  16. André van Stel & Roy Thurik & Sander Wennekers & Martin Carree, 2010. "The relationship between entrepreneurship and economic development: is it U-shaped?," Scales Research Reports H200824, EIM Business and Policy Research.
  17. Acs,Zoltan J. & Audretsch,David B. & Strom,Robert J. (ed.), 2009. "Entrepreneurship, Growth, and Public Policy," Cambridge Books, Cambridge University Press, number 9780521894920.
  18. E. Stam & B. Nooteboom, 2011. "Entrepreneurship, Innovation and Institutions," Working Papers 11-03, Utrecht School of Economics.
  19. Ejermo, Olof & Kander, Astrid, 2006. "The Swedish Paradox," CIRCLE Electronic Working Papers 2006/1, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  20. Nooteboom, B. & Stam, E., 2008. "Microfoundations for Innovation Policy," Open Access publications from Tilburg University urn:nbn:nl:ui:12-402995, Tilburg University.
  21. Audretsch, David B. & Keilbach, Max C. & Lehmann, Erik E., 2006. "Entrepreneurship and Economic Growth," OUP Catalogue, Oxford University Press, number 9780195183511, September.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Tjaša Štrukelja & Matjaž Muleja & Simona Sternada, 2012. "Enterprise Stakeholder Well-Being Attained With Responsible Enterprise Policy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 32-36, December.
  2. Michael Fritsch & Alexander Kritikos & Alina Sorgner, 2013. "Drivers of Self-Employment - A Multivariate Decomposition Analysis for the Case of Germany," Jena Economic Research Papers 2013-006, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eim:papers:h201113. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Webmaster EIM).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.