The Coupling between Entrepreneurship and Public Policy: Tight in Developed Countries but Loose in Developing Countries

  • Thomas Schøtt

Abstract

In this paper we compare the coupling between entrepreneurship policy and
entrepreneurship activity in developed and developing countries. Using new
institutional arguments, we argue that developing countries are prone to
implement policies that (1) are based on experiences in developed countries
which have not proven to transfer fittingly to developing economies, (2) are
only partly implemented and are not internally consistent as a result of a lack of
resources to do so, and (3) are more beneficial on paper than on actual activity.
Following this perspective, the coupling between entrepreneurship policy and
entrepreneurship activity is hypothesized to be lower for developing countries
than for developed countries. Using GEM data correlating the TEA index of
early-phase entrepreneurship with indicators of policies obtained from key
expert informants supports this proposition.
Keywords Entrepreneurship policy, entrepreneurship activity, developed vs. developing countries
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How to Cite
Schøtt, T. (2016). The Coupling between Entrepreneurship and Public Policy: Tight in Developed Countries but Loose in Developing Countries. Estudios de Economía, 35(2), pp. 195-214. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40243/43437
Section
Articles
Published
2016-04-24