How Strategic Entrepreneurship and the Institutional Context Drive Economic Growth

Christian Bjørnskov; Nicolai Juul Foss

doi:10.1002/sej.1148

How Strategic Entrepreneurship and the Institutional Context Drive Economic Growth

Christian Bjørnskov, Nicolai Juul Foss

Aarhus University

Research output: Contribution to journal › Journal article › Research › peer-review

Abstract

The economics of growth has shown that countries grow by better allocating whatever resources are at their disposal and by introducing productivity-enhancing innovations. Strategic entrepreneurship plays a key role in this process by searching for, combining, trying out, etc., new resource combinations in the pursuit of profits under uncertainty. Institutions that support economic freedom allow such experimentation to take place at low transaction costs, positively influencing total factor productivity. We test these ideas on a unique panel data set derived from Compendia, World Bank data, and the Fraser Institute's economic freedom data. Copyright © 2013 Strategic Management Society.

Original language	English
Journal	Strategic Entrepreneurship Journal
Volume	7
Issue number	1
Pages (from-to)	50-69
ISSN	1932-4391
DOIs	https://doi.org/10.1002/sej.1148
Publication status	Published - Mar 2013

Keywords

total factor productivity
Self-Employment
Freedom Variables

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Cite this

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