Enterprise policy evaluation: Is there a 'new' way of doing it?
Given that most economies are now in recession, policymakers are looking to small firms to act as engines of economic growth; this has led to a revived interest in the role of enterprise policy. The 'new' enterprise policy is systemic, promoting and shaping externalities and capabilities. At its core are R&D, innovation and education. It encapsulates a shift from direct intervention towards creating an enabling environment for small firms and entrepreneurship. At present there is a research lacuna regarding the evaluation of such policies. The aim of this paper is to fill this gap by making two key contributions. First, I demonstrate that traditional enterprise evaluation metrics are too narrow: they focus almost exclusively on private firm impacts, rather than broader societal impacts caused by the pervasive nature of 'new' enterprise policies. Second, I illustrate how logic models could be expanded to account for these broader impacts.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- Pekka Ylä-Anttila & Christopher Palmberg, 2007. "Economic and Industrial Policy Transformations in Finland," Journal of Industry, Competition and Trade, Springer, vol. 7(3), pages 169-187, December.
- Julian, David A., 1997. "The utilization of the logic model as a system level planning and evaluation device," Evaluation and Program Planning, Elsevier, vol. 20(3), pages 251-257, August.
- Metcalfe, Stan & Ramlogan, Ronnie, 2008.
"Innovation systems and the competitive process in developing economies,"
The Quarterly Review of Economics and Finance,
Elsevier, vol. 48(2), pages 433-446, May.
- Metcalfe, Stan & Ramlogan, Ronnie, 2005. "Innovation Systems and the Competitive Progress in Developing Economies," Centre on Regulation and Competition (CRC) Working papers 30672, University of Manchester, Institute for Development Policy and Management (IDPM).
- Jonathan Levie & Erkko Autio, 2008. "A theoretical grounding and test of the GEM model," Small Business Economics, Springer, vol. 31(3), pages 235-263, October.
- Colin Wren, 2007. "Reconciling Practice with Theory in the Micro-Evaluation of Regional Policy," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 321-337.
- Sarah Batterbury, 2006. "Principles and purposes of European Union Cohesion policy evaluation," Regional Studies, Taylor & Francis Journals, vol. 40(2), pages 179-188.
- David Bailey & Helena Lenihan & Ajit Singh, 2009. "Lessons for African Economies from Irish and East Asian Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 9(4), pages 357-382, December.
- E. Wayne Nafziger, 2008. "Entrepreneurship and Development," Chapters, in: International Handbook of Development Economics, Volumes 1 & 2, chapter 26 Edward Elgar.
- Zoltan Acs & Laszlo Szerb, 2007. "Entrepreneurship, Economic Growth and Public Policy," Small Business Economics, Springer, vol. 28(2), pages 109-122, March.
- Philip Shapira, 2008. "Putting Innovation in Place: Policy Strategies for Industrial Services, Regional Clusters, and Manufacturing SMEs in Japan and the United States," Prometheus, Taylor & Francis Journals, vol. 26(1), pages 69-87.
- Jonathan Levie & Erkko Autio, 2008. "A theoretical grounding and test of the GEM model," Global Entrepreneurship Monitor Working Paper Series 1102, Global Entrepreneurship Research Association, revised Jul 2008.
- Acs, Zoltan J & Audretsch, David B, 1988. "Innovation in Large and Small Firms: An Empirical Analysis," American Economic Review, American Economic Association, vol. 78(4), pages 678-90, September.
- J. Metcalfe, 2004. "The entrepreneur and the style of modern economics," Journal of Evolutionary Economics, Springer, vol. 14(2), pages 157-175, 06.
- J.P. Florensy & J. J. Heckmanz & C. Meghirx & E. Vytlacil, 2008.
"Identification of Treatment Effects Using Control Functions in Models with Continuous, Endogenous Treatment and Heterogeneous Effects,"
200832, Geary Institute, University College Dublin.
- J. P. Florens & J. J. Heckman & C. Meghir & E. Vytlacil, 2008. "Identification of Treatment Effects Using Control Functions in Models With Continuous, Endogenous Treatment and Heterogeneous Effects," Econometrica, Econometric Society, vol. 76(5), pages 1191-1206, 09.
- Jean-Pierre Florens & James J. Heckman & Costas Meghir & Edward J. Vytlacil, 2008. "Identification of Treatment Effects Using Control Functions in Models with Continuous, Endogenous Treatment and Heterogeneous Effects," NBER Working Papers 14002, National Bureau of Economic Research, Inc.
- C. Crombez, 2009. "Editorial," Review of Business and Economic Literature, Intersentia, vol. 54(1), pages 2-4, March.
- Anne O. Krueger, 1990.
"Government Failures in Development,"
NBER Working Papers
3340, National Bureau of Economic Research, Inc.
- Richard R. Nelson, 2006.
"Economic Development from the Perspective of Evolutionary Economic Theory,"
The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics
02, TUT Ragnar Nurkse School of Innovation and Governance.
- Richard Nelson, 2008. "Economic Development from the Perspective of Evolutionary Economic Theory," Oxford Development Studies, Taylor & Francis Journals, vol. 36(1), pages 9-21.
- J. Stan Metcalfe, 1995. "The Design of Order. Notes on Evolutionary Principles and the Dynamics of Innovation," Revue Économique, Programme National Persée, vol. 46(6), pages 1561-1583.
- Helena Lenihan & Mark Hart & Stephen Roper, 2007. "Industrial Policy Evaluation: Theoretical Foundations and Empirical Innovations: New Wine in New Bottles," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 313-319.
- Wennekers, Sander & Thurik, Roy, 1999. " Linking Entrepreneurship and Economic Growth," Small Business Economics, Springer, vol. 13(1), pages 27-55, August.
- Peter Witt, 2004. "Entrepreneurs’ networks and the success of start-ups," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 16(5), pages 391-412, September.
- Julian, David A. & Jones, Ann & Deyo, Diana, 1995. "Open systems evaluation and the logic model: Program planning and evaluation tools," Evaluation and Program Planning, Elsevier, vol. 18(4), pages 333-341.
- John Bachtler & Colin Wren, 2006. "Evaluation of European Union Cohesion policy: Research questions and policy challenges," Regional Studies, Taylor & Francis Journals, vol. 40(2), pages 143-153.
- Harvey Armstrong & Peter Wells, 2006. "Structural funds and the evaluation of community economic development initiatives in the UK: A critical perspective," Regional Studies, Taylor & Francis Journals, vol. 40(2), pages 259-272.
- Kevin Mole & Mark Hart & Stephen Roper & David Saal, 2008. "Differential gains from Business Link support and advice: a treatment effects approach," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 26(2), pages 315-334, April.
- Cooksy, Leslie J. & Gill, Paige & Kelly, P. Adam, 2001. "The program logic model as an integrative framework for a multimethod evaluation," Evaluation and Program Planning, Elsevier, vol. 24(2), pages 119-128, May.
- Howard Pack & Kamal Saggi, 2006. "Is There a Case for Industrial Policy? A Critical Survey," World Bank Research Observer, World Bank Group, vol. 21(2), pages 267-297.
- Zoltan Acs & Sameeksha Desai & Jolanda Hessels, 2008. "Entrepreneurship, economic development and institutions," Small Business Economics, Springer, vol. 31(3), pages 219-234, October.
- Karl Aiginger, 2007. "Industrial Policy: Past, Diversity, Future; Introduction to the Special Issue on the Future of Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 7(3), pages 143-146, December.
- Freeman, Chris, 1995. "The 'National System of Innovation' in Historical Perspective," Cambridge Journal of Economics, Oxford University Press, vol. 19(1), pages 5-24, February.
- Helena Lenihan, 2004. "Evaluating Irish industrial policy in terms of deadweight and displacement: a quantitative methodological approach," Applied Economics, Taylor & Francis Journals, vol. 36(3), pages 229-252.
- Mike Wright & Paul Westhead & Deniz Ucbasaran, 2007. "Internationalization of Small and Medium-sized Enterprises (SMEs) and International Entrepreneurship: A Critique and Policy Implications," Regional Studies, Taylor & Francis Journals, vol. 41(7), pages 1013-1030.
- Francis J Greene, 2009. "Assessing the impact of policy interventions: the influence of evaluation methodology," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 27(2), pages 216-229, April.
- McLaughlin, John A. & Jordan, Gretchen B., 1999. "Logic models: a tool for telling your programs performance story," Evaluation and Program Planning, Elsevier, vol. 22(1), pages 65-72.
- David B. Audretsch & Max Keilbach, 2007. "The Theory of Knowledge Spillover Entrepreneurship," Journal of Management Studies, Wiley Blackwell, vol. 44(7), pages 1242-1254, November.
When requesting a correction, please mention this item's handle: RePEc:eee:epplan:v:34:y:2011:i:4:p:323-332. 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: (Zhang, Lei)
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.