Working Paper Series
Institutional Entrepreneurship: An Introduction
() and Tino Sanandaji
Abstract: In this introductory chapter to a collective volume,* we
build on Baumol’s (1990) framework to categorize, catalog, and classify the
budding research field that explores the interplay between institutions and
entrepreneurship. Institutions channel entrepreneurial supply into
productive or unproductive activities, which likely accounts for a great
deal of the disparate economic development of nations. What’s more,
entrepreneurship is not only influenced by institutions—entrepreneurs often
shape institutions themselves. Entrepreneurship abiding by existing
institutions is occasionally disruptive enough to challenge the foundations
of prevailing institutions. Entrepreneurs also have the opportunity to
evade institutions, which tends to undermine the effectiveness of the
institutions in question, or cause them to change for the better. Lastly,
entrepreneurs can directly alter institutions through innovative political
entrepreneurship. Similar to business entrepreneurship, innovative
political activity can be either productive or unproductive, depending on
the entrepreneurs’ incentives.
Keywords: Entrepreneurship; Innovation; Institutions; Property rights; Regulation; Self-employment; (follow links to similar papers)
JEL-Codes: H32; L50; M13; O31; P14; (follow links to similar papers)
28 pages, October 7, 2010
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
- This paper is published as:
Henrekson, Magnus and Tino Sanandaji, (2012), 'Institutional Entrepreneurship: An Introduction' in Henrekson, Magnus and Tino Sanandaji (eds.) Institutional Entrepreneurship, International Library of Entrepreneurship Series, Vol. 24, pages xi-xxvii, Edward Elgar.
Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom