Drivers of Entrepreneurship and Post-Entry Performance : Microeconomic Evidence from Advanced and Developing Countries
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World Bank, Washington, DC
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The aim of this study is to provide a
microeconomic investigation of the concept of
entrepreneurship; in particular, it discusses the following
issues: 1) the alternative ways of looking at
entrepreneurship, distinguishing "creative
destruction" from simple "turbulence"; 2) the
different microeconomic determinants of new firm formation,
distinguishing "progressive" from
"regressive" drivers; 3) the relationship between
ex-ante characteristics (of the founder) and post-entry
performance (of the new firm); and 4) the possible scope for
an economic policy aimed at maximizing the impact of
entrepreneurship on economic growth. Where possible and
appropriate, the paper devotes particular attention to the
specific features characterizing entrepreneurship in
developing countries.
Palabras clave
ABSENCE OF CREDIT, ADVANCED ECONOMIES, AGRICULTURAL CREDIT, AUTONOMY, BANK DEPOSITS, BANK OFFICIALS, BANKRUPTCY, BANKRUPTCY LAWS, BARRIERS TO GROWTH, BIASES, BORROWING, BRIBES, BRIBING, BUSINESS ENTERPRISE, BUSINESS ENVIRONMENT, BUSINESS FORMATION, BUSINESS MANAGEMENT, BUSINESS OWNERS, BUSINESS OWNERSHIP, CAPITAL INVESTMENT, CAPITAL MARKETS, CAPITAL STOCK, CASH FLOW, COMPANY, COMPARATIVE ANALYSIS, COMPETITORS, CONTRACT ENFORCEMENT, CORRUPTION, CREDIT CONSTRAINTS, CREDIT RATIONING, CROWDING OUT, DEBT, DEMOGRAPHICS, DEVELOPED COUNTRIES, DIVERSIFICATION, DOWNSIZING, ECONOMETRIC ESTIMATES, ECONOMETRIC EVIDENCE, ECONOMIC ACTIVITIES, ECONOMIC ACTIVITY, ECONOMIC BEHAVIOR, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC POLICY, ECONOMIC SUCCESS, ECONOMICS, EMPIRICAL ANALYSIS, EMPIRICAL EVIDENCE, EMPLOYEE, EMPLOYMENT, EMPLOYMENT GROWTH, ENTREPRENEUR, ENTREPRENEURIAL ACTIVITIES, ENTREPRENEURIAL ACTIVITY, ENTREPRENEURIAL BEHAVIOR, ENTREPRENEURIAL FINANCE, ENTREPRENEURIAL INITIATIVES, ENTREPRENEURIAL VENTURES, ENTREPRENEURS, ENTREPRENEURSHIP, ENTRY BARRIERS, ENVIRONMENTAL, ETHNIC MINORITIES, ETHNIC MINORITY, EXPENDITURES, EXPLOITATION, EXTERNAL CAPITAL, EXTERNAL FINANCE, FAMILIES, FINANCIAL CAPITAL, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL OPPORTUNITIES, FINANCIAL RESOURCES, FINANCIAL SUPPORT, FIRM SIZE, FIRMS, HUMAN CAPITAL, INDIGENOUS COMPANIES, INFORMATION ASYMMETRIES, INITIAL INVESTMENT, INTELLECTUAL PROPERTY RIGHTS, INTERNAL FINANCE, INTERNATIONAL BANK, JOB CREATION, JOB LOSSES, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LABOUR FORCE, LACK OF COLLATERAL, LACK OF PROPERTY, LEVEL OF ASSETS, LOCAL ENTREPRENEURS, MANUFACTURING ENTERPRISE, MICROFINANCE, MICROFINANCE ORGANIZATIONS, MINORITY COMMUNITY, MINORITY GROUP, MULTINATIONALS, NEW BUSINESS, NEW BUSINESSES, NEW COMPANIES, NEW COMPANY, NEW ENTRANTS, OUTREACH, PARENT COMPANY, POLICY INSTRUMENTS, POLICY MAKERS, POLITICAL ECONOMY, PRIVATE EQUITY, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, PUBLIC FINANCE, PUBLIC POLICY, RATIONAL EXPECTATIONS, REAL WAGES, RED TAPE, SALES GROWTH, SAVING PLANS, SELF EMPLOYMENT, SELF-EMPLOYMENT, SMALL BUSINESS, SMALL BUSINESSES, SMALL FIRMS, SPINOFFS, START-UP, START-UPS, SUPPLIER, TAXATION, TECHNOLOGICAL CHANGE, THEORETICAL MODELS, TRANSACTION COSTS, TRANSPORT, UNEMPLOYMENT, VENTURE CAPITAL, VENTURE CAPITALISTS, WAGES, WATER SUPPLY