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Making Entrepreneurship Policy or Entrepreneurial Policymaking

In: The Entrepreneurial Society

Author

Listed:
  • Niklas Elert

    (Research Institute of Industrial Economics (IFN))

  • Magnus Henrekson

    (Research Institute of Industrial Economics (IFN))

  • Mark Sanders

    (Utrecht University)

Abstract

To promote innovation and economic growth in the European Union, we have outlined a reform strategy with respect to the institutions and policies that matter the most for fostering a productive entrepreneurial economy. Here, we conclude by summarizing all the previous chapters and discussing how the 50 proposals presented can be used as building blocks but should not be considered a blueprint for institutional reform in the European Union. Rather, implementing reforms for an entrepreneurial society in Europe will have to involve policymaking which is itself entrepreneurial. That is, fast cycles of trial and error will be required to carefully tailor a reform strategy to local conditions and institutional preconditions. But policymakers should not lose sight of the long-term goal of institutional reform to promote entrepreneurship, innovation, and growth across Europe and extend their ambitions to do so beyond the traditional domain of entrepreneurship policy.

Suggested Citation

  • Niklas Elert & Magnus Henrekson & Mark Sanders, 2019. "Making Entrepreneurship Policy or Entrepreneurial Policymaking," International Studies in Entrepreneurship, in: The Entrepreneurial Society, chapter 8, pages 123-129, Springer.
    • Handle: RePEc:spr:inschp:978-3-662-59586-2_8
    DOI: 10.1007/978-3-662-59586-2_8
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