Summary and Conclusions

Niklas Elert (), Magnus Henrekson () and Mikael Stenkula

Chapter Chapter 4 in Institutional Reform for Innovation and Entrepreneurship, 2017, pp 87-92 from Springer

Abstract: Abstract To promote innovation and economic growth in the European Union, we propose a reform strategy with respect to the aforementioned nine areas, which we consider to be the most pertinent institutions and policies in order to foster a productive entrepreneurial economy. Overall, the proposed institutional changes move in a liberalizing direction, but we acknowledge that one-size-fits-all policy reforms aimed at freer markets will not necessarily be successful. Instead, a successful reform strategy must consider country differences that affect the viability of reform. Nevertheless, policymakers should not lose sight of the long-term goal of institutional liberalization to promote entrepreneurship, innovation and growth. Hopefully, this work inspires both confidence and humility regarding Europe’s innovation future.

Keywords: Entrepreneurship; European Union; Innovation; Institutions; Policy reform; Regulation; Self-employment (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-55092-3_4

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DOI: 10.1007/978-3-319-55092-3_4

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