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Entrepreneurship, Innovation, and Economic Development

Online ISBN:
9780191729133
Print ISBN:
9780199596515
Publisher:
Oxford University Press
Book

Entrepreneurship, Innovation, and Economic Development

Adam Szirmai (ed.),
Adam Szirmai
(ed.)
Professorial Fellow UNU-MERIT, Maastricht, The Netherlands
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Wim Naudé (ed.),
Wim Naudé
(ed.)
Senior Research Fellow UNU-WIDER, Helsinki
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Micheline Goedhuys (ed.)
Micheline Goedhuys
(ed.)
Research Fellow, UNU-MERIT, Maastricht, The Netherlands
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Published:
28 April 2011
Online ISBN:
9780191729133
Print ISBN:
9780199596515
Publisher:
Oxford University Press

Abstract

Entrepreneurship and innovation are two of the most pervasive concepts of our times, yet there are still gaps in our understanding of the interactions between entrepreneurship and innovation, particularly in developing countries. This book attempts to fill this gap. It focuses on the entrepreneurship-innovation-development nexus, drawing heavily on empirical evidence from developing countries. Cross-country and individual country experiences cover nations as diverse as Ethiopia, India, Turkey, Vietnam, and also examine lessons from advanced economies such as Finland. Three sets of questions are addressed. What is the impact of entrepreneurship and innovation on growth and development? What determines the innovative performance of entrepreneurs in developing countries? What role does the institutional environment play in shaping the extent and impact of innovative activities? A key message is that entrepreneurial innovation, whether through small firms, large national firms, or multinational firms, is often vibrant in developing countries, but does not always realise its full potential. This is due to institutional constraints, the absence of the appropriate mix of different types of small and large and domestic and foreign firms, and insufficiently developed firm capabilities.

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