Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45107
Authors: 
Thurik, A. Roy
Year of Publication: 
2009
Series/Report no.: 
Research paper / UNU-WIDER 2009.12
Abstract: 
Entrepreneurship has emerged as an important element in the organization of economies. This emergence did not occur simultaneously in all developed countries. Differences in growth rates are often attributed to differences in the speed with which countries embrace entrepreneurial energy. This led to the political mandate to promote entrepreneurship. Hence, a clear and organized view is needed of what the determinants and consequences of entrepreneurship are. The present contribution tries to provide this view with a particular view on emerging economies. Entrepreneurship, its drivers and its consequences can be best understood using the model of the entrepreneurial economy which explains the functioning of the modern economy. This model differs from that of the earlier managed economy. Policies in emerging economies should aim at combining the two models.
Subjects: 
entrepreneurship
small firms
economic growth
economic development
policy
JEL: 
L26
M13
O10
P5
Document Type: 
Working Paper

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