Country-level institutional conditions and individual-level entrepreneurship dynamics
Entrepreneurship, or the creation of new businesses by individuals, is an important catalyst of economic development and growth. In different countries, population-level prevalence rates of active new business creation activity within the adult-age population can range from 1% to more than 20%, with higher self-employment rates usually observed in low-income economies (Levie, Autio, Acs, and Hart 2014). Given that the creation of entrepreneurial businesses requires the allocation of human, financial, and social capital, and that new businesses are launched to pursue a perceived entrepreneurial opportunity, the entrepreneurial dynamic offers the potential of contributing to the total factor productivity (TFP) at the macro level (Acs, Autio, and Szerb 2014b). Entrepreneurship, therefore, merits close policy attention. [...]
Funding
Commissioned by: Asian Development Bank
History
School
- Loughborough University London
Published in
Asian Development Outlook (ADO) 2022 Update: Entrepreneurship in the Digital AgePublisher
Asian Development BankVersion
- VoR (Version of Record)
Rights holder
© Asian Development BankPublisher statement
© Asian Development Bank. 2022. This report is part of the Asian Development Outlook (ADO) 2022 Update: Entrepreneurship in the Digital Age, which can be found here https://www.adb.org/publications/asian-development-outlook-2022-update. “The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. “ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned. “By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.” “The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. “ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned. “By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.”Publication date
2022-09-21Copyright date
2022ISBN
978-92-9269-754-9; 978-92-9269-755-6; 978-92-9269-756-3ISSN
1655-4809Publisher version
Book series
Asian Development OutlookLanguage
- en