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Entrepreneurship and Public Policy

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  • Henrekson, Magnus

    ()
    (Research Institute of Industrial Economics (IFN))

  • Stenkula, Mikael

    ()
    (Research Institute of Industrial Economics (IFN))

Abstract

Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance of both productive entrepreneurship and so-called high-impact entrepreneurship in turn. Although varying contexts and economic systems make prescribing a general panacea impossible, a number of relevant policy areas are identified and analyzed. Independent of environment, productive entrepreneurship should be rewarded and unproductive entrepreneurship should be discouraged. Successful ventures must also have the incentive to continue renewing themselves just as it must be easy to start and expand a business. In particular, we analyze regulatory entry and growth barriers, labor market regulation, liquidity constraints and tax policy at length.

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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 804.

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Length: 54 pages
Date of creation: 18 Aug 2009
Date of revision:
Publication status: Published in Handbook of Entrepreneurship Research, Acs, Zoltan J., Audretsch, David B. (eds.), 2010, chapter 21, pages 595-637, Springer.
Handle: RePEc:hhs:iuiwop:0804

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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
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Related research

Keywords: Entrepreneurship; Gazelles; High-growth firms; High-impact entrepreneurship; Innovation; Institutions; Product market regulations; Property rights; Self-employment; Tax policy;

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References

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Citations

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Cited by:
  1. Henrekson, Magnus, 2014. "Entrepreneurship, Innovation and Human Flourishing," Working Paper Series 999, Research Institute of Industrial Economics, revised 15 Jan 2014.
  2. Niels Bosma, 2012. "The Global Entrepreneurship Monitor (GEM) and its Impact on Entrepreneurship Research," Global Entrepreneurship Monitor Working Paper Series 1201, Global Entrepreneurship Research Association, revised May 2012.
  3. Edquist, Harald & Henrekson, Magnus, 2013. "Product Market Reforms and Incentives to Innovate in Sweden," Working Paper Series 986, Research Institute of Industrial Economics.
  4. Aldridge, T. Taylor & Audretsch, David, 2011. "The Bayh-Dole Act and scientist entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1058-1067, October.

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