A SYSTEM-LEVEL VIEW OF INSTITUTIONS: CONSIDERATIONS FOR ENTREPRENEURSHIP AND POVERTY

Justin W. Webb ()
Additional contact information
Justin W. Webb: Belk College of Business, University of North Carolina at Charlotte, 9201 University City Blvd, Charlotte, NC 28223, USA

Journal of Developmental Entrepreneurship (JDE), 2021, vol. 26, issue 02, 1-26

Abstract: Poverty levels represent an important indicator of economic development. A widely-held view among scholars is that formal institutions provide the foundation to support entrepreneurial activity that, when robust, can support economic development. Scholars typically examine the influence of specific formal institutions, such as property rights, tax policies, infrastructures, or otherwise. Herein, I seek to complement and build upon this extant research by elaborating a system-level view of institutions. Interfaces, tradeoffs and externalities are discussed as three key characteristics of institutional systems alongside system-level considerations for each of these characteristics (i.e., institutional coordination, cooperation and direction that can take place at interfaces; institutional imbalances that can occur with tradeoffs; and institutional ambiguities and territoriality that can exist because of externalities). I then describe how these system-level considerations influence entrepreneurial activities and the implications for poverty in two illustrative contexts: base-of-the-pyramid markets and entrepreneurial ecosystems. I conclude with a discussion of the intended contributions and implications of this work.

Keywords: Institutional system; entrepreneurship; poverty; base-of-the-pyramid (BOP) markets; entrepreneurial ecosystem (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1084946721500102
Access to full text is restricted to subscribers

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:wsi:jdexxx:v:26:y:2021:i:02:n:s1084946721500102

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1084946721500102

Access Statistics for this article

Journal of Developmental Entrepreneurship (JDE) is currently edited by Peter Koveos

More articles in Journal of Developmental Entrepreneurship (JDE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().