Institutional Entrepreneurship: An Introduction

Magnus Henrekson (magnus.henrekson@ifn.se) and Tino Sanandaji

No 853, Working Paper Series from Research Institute of Industrial Economics

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 (search for similar items in EconPapers)
JEL-codes: H32 L50 M13 O31 P14 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-10-07
New Economics Papers: this item is included in nep-ent, nep-his and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published in Institutional Entrepreneurship, Henrekson, Magnus, Sanandaji, Tino (eds.), 2012, pages xi-xxvii, Edward Elgar.

Downloads: (external link)
https://www.ifn.se/wfiles/wp/wp853.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:0853

Access Statistics for this paper

More papers in Working Paper Series from Research Institute of Industrial Economics Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Elisabeth Gustafsson (elisabeth.gustafsson@ifn.se).