Local and Systemic Entrepreneurship: Solving the Puzzle of Entrepreneurship and Economic Development

16 Pages Posted: 16 Mar 2013

See all articles by Frederic Sautet

Frederic Sautet

The Catholic University of America (CUA) - Busch School of Business

Date Written: March 2013

Abstract

Most economists agree that entrepreneurship has a positive effect on growth in developed countries. However, no evidence of this has been found in the case of developing countries. Rather, in many lowÔÇÉincome countries, one can observe productive entrepreneurship but little corresponding development. This is the puzzle of entrepreneurship and development. To solve this puzzle, we propose to look at the notions of local and systemic entrepreneurship. Using recent research on the mechanisms of social cooperation, as well as network and firm theories, we offer an explanation of why entrepreneurship has a limited impact on growth in developing countries.

Suggested Citation

Sautet, Frederic E., Local and Systemic Entrepreneurship: Solving the Puzzle of Entrepreneurship and Economic Development (March 2013). Entrepreneurship Theory and Practice, Vol. 37, Issue 2, pp. 387-402, 2013, Available at SSRN: https://ssrn.com/abstract=2234307 or http://dx.doi.org/10.1111/j.1540-6520.2011.00469.x

Frederic E. Sautet (Contact Author)

The Catholic University of America (CUA) - Busch School of Business ( email )

Maloney Hall
620 Michigan Ave, NE
Washington, DC 20064
United States

HOME PAGE: http://business.cua.edu/faculty/sautet.cfm

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