Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/183382
Authors: 
Elert, Niklas
Henrekson, Magnus
Year of Publication: 
2017
Series/Report no.: 
IFN Working Paper 1153
Abstract: 
The interplay between entrepreneurship and institutions is crucial for economic development; however, the view that institutions determine the extent to which entrepreneurial activity is productive is only part of the story. We argue that causality is bidirectional, in that entrepreneurship is also, for better or for worse, one of the main drivers of institutional change. Through their actions, entrepreneurs have a fundamental influence on institutions, whether they abide by them, actively try to alter them, or evade them. Particular attention is given to evasive entrepreneurship, an entrepreneurial function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional change. We argue that the influence of evasive entrepreneurship on the economic trajectories of societies is likely to only grow in the future.
Subjects: 
Economic development
Entrepreneurship
Evasive entrepreneurship
Innovation
Institutional change
Regulation
JEL: 
L5
M13
O31
P14
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
File
Size
874.62 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.