Using institutional economics as a theoretical framework, this book identifies institutional factors conducive to entrepreneurial activity in order to enhance regional and national economic performance. The authors believe that the application of institutional economics to the analysis of entrepreneurship to be a key determinant of economic growth. In particular, this book makes a number of key contributions to the entrepreneurship literature: Identifies past and current research about the institutional context shaping entrepreneurial activity and its effect on economic growthExamines the institutional factors as identified by the social progress orientation that are shaping innovative entrepreneurial activityExplores the effect of various types of entrepreneurial activities on economic growthExamines how social progress orientation through entrepreneurship driven by opportunity affects economic developmentAnalyzes the interrelationships between institutions, entrepreneurial activity and economic development across countriesStudies how country’s institutional context influences the way in which entrepreneurial activity affects social progress Provides different policy implication derived from empirical findings Effective public policy to promote entrepreneurship is predicated on understanding the underlying forces as well as the consequences and impacts of entrepreneurship. Public policy efforts to promote entrepreneurship might have deleterious economic effects since they could actually reduce employment in the long-term. Thus, it is crucial to understand the institutional environment in which entrepreneurs are interacting and making decisions, thereby making the application of institutional economics helpful in entrepreneurial research. Moreover, policy and theoretical implications could be discussed regarding institutional economics as a framework for understanding the link between entrepreneurship and economic performance.weiterlesen