Financial and Institutional Reforms for an Entrepreneurial Society

15 Pages Posted: 10 Mar 2018 Last revised: 20 Mar 2018

See all articles by Claire Economidou

Claire Economidou

Utrecht University - School of Economics

Luca Grilli

Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering

Magnus Henrekson

Research Institute of Industrial Economics (IFN)

Mark Sanders

Utrecht University - School of Economics

Date Written: March 12, 2018

Abstract

In this paper, we introduce the special issue on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are trying to bring that transition about with variations on the “educate, deregulate and finance” - approach to entrepreneurship. We argue that more fundamental reforms are required to improve the entrepreneurial ecosystem and bring about this transition. We then discuss the twelve contributions that pertain to five different facets of the entrepreneurial ecosystem. The first two papers address the most fundamental institutional foundations of the ecosystem. The next three papers discuss the (lack of) access to knowledge and incentives to start innovative entrepreneurial ventures. That is followed by three papers that focus on the institutions that (fail to) channel financial resources to such ventures and two papers that analyze the relevance of labor market institutions. The special issue concludes with two papers investigating how the interplay of institutions and productive entrepreneurship results in economic growth.

Keywords: Entrepreneurship, Institutions, Reform, European Union, Innovation

JEL Classification: L26, D02, O38, O43, P11

Suggested Citation

Economidou, Claire and Grilli, Luca and Henrekson, Magnus and Sanders, Mark, Financial and Institutional Reforms for an Entrepreneurial Society (March 12, 2018). IFN Working Paper No. 1203. Available at SSRN: https://ssrn.com/abstract=3137009

Claire Economidou

Utrecht University - School of Economics ( email )

Kriekenpitplein 21-22
Adam Smith Building
Utrecht, 3584 EC
Netherlands

Luca Grilli

Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering ( email )

Via Lambruschini 4C - building 26/A
Milano, 20156
Italy

Magnus Henrekson (Contact Author)

Research Institute of Industrial Economics (IFN) ( email )

P.O. Box 55665
Grevgatan 34
Stockholm, SE-10215
Sweden
+46-8-6654502 (Phone)
+46-8-6654599 (Fax)

HOME PAGE: http://www.ifn.se/mh

Mark Sanders

Utrecht University - School of Economics ( email )

Kriekenpitplein 21-22
Adam Smith Building
Utrecht, 3584 EC
Netherlands

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