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A Transaction Cost and Transformational Generative Model of Aggregate Entrepreneurship

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  • Eben Otuteye

    (Faculty of Administration, University of New Brunswick, Canada)

  • Basu Sharma

    (Faculty of Administration, University of New Brunswick, Canada)

Abstract

A model of entrepreneurship based on the concept of transformational generative grammar in modern linguistics and transaction cost economics is developed. Using an integrative framework, a number of propositions for conceptualising and studying entrepreneurship both at the micro and the macro levels are discussed. Several policy implications for stimulating aggregate entrepreneurship in the economy are drawn and guidelines for promoting individual entrepreneur-ship are suggested.

Suggested Citation

  • Eben Otuteye & Basu Sharma, 2004. "A Transaction Cost and Transformational Generative Model of Aggregate Entrepreneurship," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 13(2), pages 153-165, September.
    • Handle: RePEc:sae:jouent:v:13:y:2004:i:2:p:153-165
    DOI: 10.1177/097135570401300202
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