Entrepreneurship, Innovation, and Economic Development

Entrepreneurship and innovation are two of the most pervasive concepts of our times, yet there are still gaps in our understanding of the interactions between entrepreneurship and innovation, particularly in developing countries. This book is an attempt to fill this gap. It focuses on the entrepreneurship-innovation-development nexus, drawing heavily on empirical evidence from developing countries. Cross-country and individual country experiences cover nations as diverse as Ethiopia, India, Turkey, Vietnam, and also examine lessons from advanced economies such as Finland. Three sets of questions are addressed. What is the impact of entrepreneurship and innovation on growth and development? What determines the innovative performance of entrepreneurs in developing countries? What role does the institutional environment play in shaping the extent and impact of innovative activities? A key message is that entrepreneurial innovation, whether through small firms, large national firms, or multinational firms, is often vibrant in developing countries, but does not always realise its full potential. This is due to institutional constraints, the absence of the appropriate mix of different types of small and large and domestic and foreign firms, and insufficiently developed firm capabilities. The contributions provide a better understanding of the determinants and impacts of innovation in developing countries and the policies and institutions that support or hinder innovation. Contributors to this volume - Adam Szirmai, UNU-MERIT and Maastricht University Wim Naude, UNU-WIDER Micheline Goedhuys, UNU-MERIT and Maastricht University David B. Audretsch, Indiana University Mark Sanders, Utrecht University Alice H. Amsden, Massachusetts Institute of Technology Erik Stam, Utrecht University Andre van Stel, University of Amsterdam. Jaap Voeten, University of Tilburg Job de Haan, University of Tilburg Gerard de Groot, University of Tilburg Mulu Gebreeyesus, UNU-MERIT Elif Bascavusoglu-Moreau, Imperial College Business School Otto Toivanen, Helsinki School of Economics Sunil Mani, Centre for Development Studies, Trivandrum, Kerala I. Semih Akcomak, UNU-MERIT, Maastricht University Suma Athreye, Brunel University