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Entrepreneurship and policy dynamics: a theoretical framework

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  • Trofimov, Ivan

Abstract

This paper examines the current state of entrepreneurship theory in the public domain and proposes a theoretical framework applying the concepts of entrepreneurship developed by I. M. Kirzner and J. A. Schumpeter in the field of economics to the field of public policy. A distinction is made between political and policy entrepreneurship. Three generic policy entrepreneurship functions (policy leadership, innovation and coordination) which are performed by specific means by a variety of actors scattered across the policy system, are identified. It is shown that these entrepreneurial functions can provide a complete explanation of adjustments taking place during policy regime formation (including agenda setting and policy negotiation). It is postulated that during this process (denoted as policy equilibration), the complementarity of entrepreneurship functions is essential. The paper also considers possible exercise of policy entrepreneurship functions in the trade policy domain and examines what actors can act as entrepreneurs.

Suggested Citation

  • Trofimov, Ivan, 2017. "Entrepreneurship and policy dynamics: a theoretical framework," MPRA Paper 79497, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79497
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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