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Entrepreneurship, Stages of Development, and Industrialization

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  • Zoltan J. Ács
  • Wim Naudé

Abstract

Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be a nuanced partnership between entrepreneurs and the state. In this paper we outline some considerations for such an industrial policy where the entrepreneur-state nexus is paramount.

Suggested Citation

  • Zoltan J. Ács & Wim Naudé, 2011. "Entrepreneurship, Stages of Development, and Industrialization," WIDER Working Paper Series wp-2011-080, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2011-080
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    References listed on IDEAS

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    1. Acs, Zoltan J. & Szerb, László, 2009. "The Global Entrepreneurship Index (GEINDEX)," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(5), pages 341-435, August.
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    3. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    4. Coad, Alex & Rao, Rekha, 2008. "Innovation and firm growth in high-tech sectors: A quantile regression approach," Research Policy, Elsevier, vol. 37(4), pages 633-648, May.
    5. Erik Stam & Kashifa Suddle & Jolanda Hessels & André van Stel, 2009. "High-Growth Entrepreneurs, Public Policies, and Economic Growth," International Studies in Entrepreneurship, in: Rui Baptista & Joao Leitao (ed.), Public Policies for Fostering Entrepreneurship, chapter 0, pages 91-110, Springer.
    6. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    7. Werner Hölzl, 2009. "Is the R&D behaviour of fast-growing SMEs different? Evidence from CIS III data for 16 countries," Small Business Economics, Springer, vol. 33(1), pages 59-75, June.
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    11. repec:bla:devpol:v:27:y:2009:i:5:p:483-502 is not listed on IDEAS
    12. Scott Shane, 2009. "Why encouraging more people to become entrepreneurs is bad public policy," Small Business Economics, Springer, vol. 33(2), pages 141-149, August.
    13. Naude, Wim & Santos-Paulino, Amelia U. & McGillivray, Mark, 2008. "Fragile States," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    14. Gerrit de Wit & Mercedes Teruel, 2011. "Determinants of high-growth firms," Scales Research Reports H201107, EIM Business and Policy Research.
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    Cited by:

    1. Ana I. Moreno-Monroy & Shu Yu & Victoria Euse, 2016. "Urban Employment in Small Businesses and the Level of Economic Development: Evidence from Chinese Cities," Growth and Change, Wiley Blackwell, vol. 47(1), pages 53-71, March.
    2. Naude, Wim & Nagler, Paula, 2015. "Industrialisation, Innovation, Inclusion," MERIT Working Papers 2015-043, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Wonglimpiyarat, Jarunee, 2016. "The innovation incubator, university business incubator and technology transfer strategy: The case of Thailand," Technology in Society, Elsevier, vol. 46(C), pages 18-27.

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    More about this item

    Keywords

    Business; Entrepreneurship; Government business enterprises; Industrial policy; Industrialization;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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