Entrepreneurship, Innovation, and Economic Development
Adam Szirmai, Wim Naudé, Micheline Goedhuys
Oxford University Press, Apr 28, 2011 - Business & Economics - 302 pages
Entrepreneurship and innovation are two of the most pervasive concepts of our times, yet there are still gaps in our understanding of the interactions between entrepreneurship and innovation, particularly in developing countries. This book is an attempt to fill this gap. It focuses on the entrepreneurship-innovation-development nexus, drawing heavily on empirical evidence from developing countries. Cross-country and individual country experiences cover nations as diverse as Ethiopia, India, Turkey, Vietnam, and also examine lessons from advanced economies such as Finland. Three sets of questions are addressed. What is the impact of entrepreneurship and innovation on growth and development? What determines the innovative performance of entrepreneurs in developing countries? What role does the institutional environment play in shaping the extent and impact of innovative activities? A key message is that entrepreneurial innovation, whether through small firms, large national firms, or multinational firms, is often vibrant in developing countries, but does not always realise its full potential. This is due to institutional constraints, the absence of the appropriate mix of different types of small and large and domestic and foreign firms, and insufficiently developed firm capabilities. The contributions provide a better understanding of the determinants and impacts of innovation in developing countries and the policies and institutions that support or hinder innovation.
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analysis assessment assets Audretsch Brazil business incubators cent chapter China clusters companies competitive developing countries dynamic economic development economic growth Edward Elgar employment endogenous endogenous growth theory enterprises entrepre entrepreneurial activity entrepreneurial firms entrepreneurs entrepreneurship environment established export Finland Finnish firm age firm growth funding global growth-oriented impact important increase incubator firms India Indian software industry initial innovation policy innovative activity innovative capabilities institutional interaction investment Journal knowledge knowledge-intensive KOSGEB labour manufacturing microenterprises NASSCOM National National Knowledge Commission networking OECD opportunities outsourcing owners patents performance POEs preneurship production profit programme Purpose Technologies R&D subsidies regional role sector skills Small Business Small Business Economics small firms small producers SMEs Source start-ups studies success system of innovation Table technology-based Tekes tion Turkey Turkish Turkish SMEs UNU-MERIT variables workers World