Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81460
Authors: 
Henrekson, Magnus
Stenkula, Mikael
Year of Publication: 
2009
Series/Report no.: 
IFN Working Paper 804
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.
Subjects: 
Entrepreneurship
Gazelles
High-growth firms
High-impact entrepreneurship
Innovation
Institutions
Product market regulations
Property rights
Self-employment
Tax policy
JEL: 
L25
L26
L53
M13
O31
Document Type: 
Working Paper

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