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Who walks out? Entrepreneurship in a global economy

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  • Couyoumdjian, Juan Pablo

Abstract

Modern entrepreneurially driven capitalism is embedded in a global economy. Crucially, in this environment entrepreneurship must be viewed as a mobile resource. Entrepreneurs can thus “vote-with-their-feet” when deciding where to establish their businesses. The institutional context for entrepreneurship is a key determinant of an agent's decision to migrate. In this paper we put forward a new framework for an examination of the relationship between institutional quality and entrepreneurship. We then offer an exploration on the problem of entrepreneurship in an economy that is open to the international movement of goods and services, capital and, above all, labor, especially talented labor.

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  • Couyoumdjian, Juan Pablo, 2012. "Who walks out? Entrepreneurship in a global economy," International Review of Law and Economics, Elsevier, vol. 32(1), pages 158-165.
    • Handle: RePEc:eee:irlaec:v:32:y:2012:i:1:p:158-165
    DOI: 10.1016/j.irle.2011.12.001
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    Cited by:

    1. Dan Cristian POPESCU, 2012. "Corporations, Entrepreneurs And Urban Development," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2012(8), pages 386-396, June.
    2. James, Hui & Hsieh, Chialing & Wu, Chen Y., 2017. "Board structure of immigrant-founder firms," Journal of Multinational Financial Management, Elsevier, vol. 42, pages 11-23.
    3. Daniela Ionita & Ionel Dumitru & Mihaela Constantinescu & Stefan Caescu, 2015. "Entrereneurial Clusters in European Union. A Macroeconomic Comparative Analysis," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 1-93, February.

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    More about this item

    Keywords

    Entrepreneurship; Voting-with-the-feet; Institutions;
    All these keywords.

    JEL classification:

    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • H1 - Public Economics - - Structure and Scope of Government

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