Institutions, Entrepreneurship, and Economic Growth: What Do We Know and What Do We Still Need to Know?

Christian Bjørnskov, Nicolai Juul Foss

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    690 Downloads (Pure)

    Abstrakt

    We review the literature that links institutions, entrepreneurship, and economic growth outcomes, focusing in particular on empirical research. Most of the literature has an economics orientation, but we also review relevant literature from other social sciences, including management research. The review helps identify a number of conceptual, theoretical, and empirical gaps, calling for further research. For example, the literature narrowly identifies entrepreneurship with start-ups and self-employment; does not theorize many potentially relevant inter-level links and mechanisms; and suffers from sample limitations, omitted variable biases, causality issues, and response heterogeneity. We argue that theories in management research, such as the resource-based view, transaction cost economics, and strategic entrepreneurship theory, can fill some of the conceptual and theoretical gaps.
    OriginalsprogEngelsk
    TidsskriftAcademy of Management Perspectives
    Vol/bind30
    Udgave nummer3
    Sider (fra-til)292-315
    Antal sider24
    ISSN1558-9080
    DOI
    StatusUdgivet - aug. 2016

    Emneord

    • Entrepreneurship
    • Economic growth
    • Empirical research methodology
    • Multilevel

    Citationsformater