Entrepreneurship and Public Policy

Magnus Henrekson () and Mikael Stenkula

No 804, Working Paper Series from Research Institute of Industrial Economics

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.

Keywords: Entrepreneurship; Gazelles; High-growth firms; High-impact entrepreneurship; Innovation; Institutions; Product market regulations; Property rights; Self-employment; Tax policy (search for similar items in EconPapers)
JEL-codes: L25 L26 L53 M13 O31 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2009-08-18
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Published in Handbook of Entrepreneurship Research, Acs, Zoltan J., Audretsch, David B. (eds.), 2010, chapter 21, pages 595-637, Springer.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:0804

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