Entrepreneurship and policy dynamics: a theoretical framework
MPRA Paper from University Library of Munich, Germany
This paper examines the current state of entrepreneurship theory in the public domain and proposes a theoretical framework applying the concepts of entrepreneurship developed by I. M. Kirzner and J. A. Schumpeter in the field of economics to the field of public policy. A distinction is made between political and policy entrepreneurship. Three generic policy entrepreneurship functions (policy leadership, innovation and coordination) which are performed by specific means by a variety of actors scattered across the policy system, are identified. It is shown that these entrepreneurial functions can provide a complete explanation of adjustments taking place during policy regime formation (including agenda setting and policy negotiation). It is postulated that during this process (denoted as policy equilibration), the complementarity of entrepreneurship functions is essential. The paper also considers possible exercise of policy entrepreneurship functions in the trade policy domain and examines what actors can act as entrepreneurs.
Keywords: Entrepreneurship; trade policy; agenda setting (search for similar items in EconPapers)
JEL-codes: D78 F13 L26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79497
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