Who walks out? Entrepreneurship in a global economy

Juan Pablo Couyoumdjian

International Review of Law and Economics, 2012, vol. 32, issue 1, 158-165

Abstract: Modern entrepreneurially driven capitalism is embedded in a global economy. Crucially, in this environment entrepreneurship must be viewed as a mobile resource. Entrepreneurs can thus “vote-with-their-feet” when deciding where to establish their businesses. The institutional context for entrepreneurship is a key determinant of an agent's decision to migrate. In this paper we put forward a new framework for an examination of the relationship between institutional quality and entrepreneurship. We then offer an exploration on the problem of entrepreneurship in an economy that is open to the international movement of goods and services, capital and, above all, labor, especially talented labor.

Keywords: Entrepreneurship; Voting-with-the-feet; Institutions (search for similar items in EconPapers)
JEL-codes: D02 H1 J61 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:32:y:2012:i:1:p:158-165

DOI: 10.1016/j.irle.2011.12.001

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