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Opening the black box of Entrepreneurship: the Italian case in a historical perspective

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  • Pier Angelo Toninelli

    ()

  • Michelangelo Vasta

    ()

Abstract

The main objective of this paper is to shed light on the Italian entrepreneurship between the beginning of the Second industrial revolution and the end of the XX century. It is based on a new dataset concerning the profiles of 386 entrepreneurs. The results are twofold: first, by proposing an empirical based-taxonomy of Italian entrepreneurs not exclusively based on intuitions and qualitative judgments, we provide valuable interpretative elements; second, we put forward some hypothesis about the relationship between entrepreneurship and Italian economic growth. In particular we perform a Cluster Analysis which singles out five different entrepreneurial typologies characterized by a widespread tendency to searching for new markets, yet a scarce attitude towards innovation. Further we suggest that the evolution of the institutional context slowed down the development of the entrepreneurial abilities and virtues necessary to grow.

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Bibliographic Info

Paper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 628.

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Date of creation: Dec 2011
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Handle: RePEc:usi:wpaper:628

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Keywords: History of Entrepreneurship; Italian capitalism;

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  1. Simeon Djankov & Yingyi Qian & Gerard Roland & Ekaterina Zhuravskaya, 2005. "Entrepreneurship in China and Russia Compared," Working Papers w0049, Center for Economic and Financial Research (CEFIR).
  2. David B. Audretsch & Max Keilbach, 2006. "Entrepreneurship, Growth and Restructuring," Papers on Entrepreneurship, Growth and Public Policy 2006-13, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  3. Richard N. Langlois, 2001. "The Vanishing Hand: the Changing Dynamics of Industrial Capitalism," Economic History 0110001, EconWPA.
  4. Walter Friedman & Richard Tedlow, 2003. "Statistical portraits of American business elites: a review essay," Business History, Taylor & Francis Journals, vol. 45(4), pages 89-113.
  5. Henrekson, Magnus & Sanandaji, Tino, 2010. "Institutional Entrepreneurship: An Introduction," Working Paper Series 853, Research Institute of Industrial Economics.
  6. Simeon Djankov & Yingyi Qian & Gerard Roland & Ekaterina Zhuravskaya, 2006. "Entrepreneurship in Brazil, China, and Russia," Working Papers w0066, Center for Economic and Financial Research (CEFIR).
  7. Freeman, Chris & Louca, Francisco, 2001. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199241071, September.
  8. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
  9. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
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Cited by:
  1. Alessandro Nuvolari & Michelangelo Vasta, 2012. "The Ghost in the Attic? The Italian National Innovation System in Historical Perspective, 1861-2011," Department of Economics University of Siena 665, Department of Economics, University of Siena.
  2. Paolo Di Martino & Michelangelo Vasta, 2012. "Happy 150th Birthday Italy? Institutions and Economic Performance Since 1861," Department of Economics University of Siena 662, Department of Economics, University of Siena.

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