Working Paper Series
Entrepreneurship and Public Policy
() and Mikael Stenkula
Abstract: Public policy is currently shifting from SME policy
towards entrepreneurship policy, which supports entrepreneurship without
directing attention to quantitative goals and specific firms or employment
groups. The institutional framework set by public policy affects the
prevalence and performance of both productive entrepreneurship and
so-called high-impact entrepreneurship in turn. Although varying contexts
and economic systems make prescribing a general panacea impossible, a
number of relevant policy areas are identified and analyzed. Independent of
environment, productive entrepreneurship should be rewarded and
unproductive entrepreneurship should be discouraged. Successful ventures
must also have the incentive to continue renewing themselves just as it
must be easy to start and expand a business. In particular, we analyze
regulatory entry and growth barriers, labor market regulation, liquidity
constraints and tax policy at length.
Keywords: Entrepreneurship; Gazelles; High-growth firms; High-impact entrepreneurship; Innovation; Institutions; Product market regulations; Property rights; Self-employment; Tax policy; (follow links to similar papers)
JEL-Codes: L25; L26; L53; M13; O31; (follow links to similar papers)
54 pages, August 18, 2009
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- This paper is published as:
Henrekson, Magnus and Mikael Stenkula, (2010), 'Entrepreneurship and Public Policy' in Acs, Zoltan J. and David B. Audretsch (eds.) Handbook of Entrepreneurship Research, 2nd edn., International Handbook Series on Entrepreneurship, Vol. 5, chapter 21, pages 595-637, Springer.
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