Details

Autor(en) / Beteiligte

• Belitski, Maksim
• Desai, Sameeksha

Titel

Filtering or facilitating productive entrepreneurship?

Ist Teil von

• Technological forecasting & social change, 2024-09, Vol.206, p.123497, Article 123497

Ort / Verlag

Elsevier Inc

Erscheinungsjahr

2024

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• There is a paucity of knowledge on the conditions which enable productive entrepreneurship, particularly those which are policy-amenable like regulations. Rooted in opposing theories of public choice and public interest, we investigate the effect of several types of business regulation on productive entrepreneurship, accounting also for importance of corruption. First, we propose a composite measure of productive entrepreneurship based on three criteria: ability to capture current and potential economic gains, reflective of activities and output, and innovation-centric. Second, using a multi-source panel dataset comprising 1065 country-year observations for 118 countries during 2005–2016, we hypothesize and empirically test for the effect of three types of regulation relevant to business stages - Birth, Growth, and Exit (BSR, GSR, EXSR) - on our measure of productive entrepreneurship. Our findings advance growing insights on the highly heterogenous nature of regulation by type and even by tool (e.g. financial, procedural), and limited recent insights on drivers of productive entrepreneurship. We offer implications for research and for policy design. •The study explored the impact of entry, growth and exit stage regulations on productive entrepreneurship.•The research supports both public choice and public interest perspectives on regulation.•The design and tools of regulatory policy challenge conventional wisdom on regulation types.•Corruption can modify the impact of regulations on entrepreneurship with a risk of undermining the regulation.