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Which Institutions Encourage Entrepreneurial Growth Aspirations?

Estrin, S; Korosteleva, J; Mickiewicz, T; (2012) Which Institutions Encourage Entrepreneurial Growth Aspirations? (Economics and Business Working Paper 119). Centre for Comparative Economics, SSEES, UCL: London, UK. Green open access

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Abstract

We develop entrepreneurship and institutional theory to explain entrepreneurial growth aspirations across individuals and institutional contexts. Our framework generates hypotheses at the national level about the negative impact of higher levels of corruption, weaker property rights and greater government activity on entrepreneurs' aspirations to increase employment. Also we explore whether, at the micro level, knowing other entrepreneurs compensates for weaknesses in institutions. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 42 countries for 2001-2006, applying a multilevel estimation framework. We find support for our main hypotheses but intellectual property rights are found to have no explanatory power.

Type: Working / discussion paper
Title: Which Institutions Encourage Entrepreneurial Growth Aspirations?
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ucl.ac.uk/wp119sum.htm
Language: English
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/1379118
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