Vivarelli, Marco2013-01-032013-01-032012-10https://hdl.handle.net/10986/12077The aim of this study is to provide a microeconomic investigation of the concept of entrepreneurship; in particular, it discusses the following issues: 1) the alternative ways of looking at entrepreneurship, distinguishing "creative destruction" from simple "turbulence"; 2) the different microeconomic determinants of new firm formation, distinguishing "progressive" from "regressive" drivers; 3) the relationship between ex-ante characteristics (of the founder) and post-entry performance (of the new firm); and 4) the possible scope for an economic policy aimed at maximizing the impact of entrepreneurship on economic growth. Where possible and appropriate, the paper devotes particular attention to the specific features characterizing entrepreneurship in developing countries.en-USCC BY 3.0 IGOABSENCE OF CREDITADVANCED ECONOMIESAGRICULTURAL CREDITAUTONOMYBANK DEPOSITSBANK OFFICIALSBANKRUPTCYBANKRUPTCY LAWSBARRIERS TO GROWTHBIASESBORROWINGBRIBESBRIBINGBUSINESS ENTERPRISEBUSINESS ENVIRONMENTBUSINESS FORMATIONBUSINESS MANAGEMENTBUSINESS OWNERSBUSINESS OWNERSHIPCAPITAL INVESTMENTCAPITAL MARKETSCAPITAL STOCKCASH FLOWCOMPANYCOMPARATIVE ANALYSISCOMPETITORSCONTRACT ENFORCEMENTCORRUPTIONCREDIT CONSTRAINTSCREDIT RATIONINGCROWDING OUTDEBTDEMOGRAPHICSDEVELOPED COUNTRIESDIVERSIFICATIONDOWNSIZINGECONOMETRIC ESTIMATESECONOMETRIC EVIDENCEECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC BEHAVIORECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC POLICYECONOMIC SUCCESSECONOMICSEMPIRICAL ANALYSISEMPIRICAL EVIDENCEEMPLOYEEEMPLOYMENTEMPLOYMENT GROWTHENTREPRENEURENTREPRENEURIAL ACTIVITIESENTREPRENEURIAL ACTIVITYENTREPRENEURIAL BEHAVIORENTREPRENEURIAL FINANCEENTREPRENEURIAL INITIATIVESENTREPRENEURIAL VENTURESENTREPRENEURSENTREPRENEURSHIPENTRY BARRIERSENVIRONMENTALETHNIC MINORITIESETHNIC MINORITYEXPENDITURESEXPLOITATIONEXTERNAL CAPITALEXTERNAL FINANCEFAMILIESFINANCIAL CAPITALFINANCIAL INTERMEDIARIESFINANCIAL MARKETSFINANCIAL OPPORTUNITIESFINANCIAL RESOURCESFINANCIAL SUPPORTFIRM SIZEFIRMSHUMAN CAPITALINDIGENOUS COMPANIESINFORMATION ASYMMETRIESINITIAL INVESTMENTINTELLECTUAL PROPERTY RIGHTSINTERNAL FINANCEINTERNATIONAL BANKJOB CREATIONJOB LOSSESLABOR FORCELABOR MARKETLABOR MARKETSLABOUR FORCELACK OF COLLATERALLACK OF PROPERTYLEVEL OF ASSETSLOCAL ENTREPRENEURSMANUFACTURING ENTERPRISEMICROFINANCEMICROFINANCE ORGANIZATIONSMINORITY COMMUNITYMINORITY GROUPMULTINATIONALSNEW BUSINESSNEW BUSINESSESNEW COMPANIESNEW COMPANYNEW ENTRANTSOUTREACHPARENT COMPANYPOLICY INSTRUMENTSPOLICY MAKERSPOLITICAL ECONOMYPRIVATE EQUITYPRODUCTIVITYPRODUCTIVITY GROWTHPROFITABILITYPUBLIC FINANCEPUBLIC POLICYRATIONAL EXPECTATIONSREAL WAGESRED TAPESALES GROWTHSAVING PLANSSELF EMPLOYMENTSELF-EMPLOYMENTSMALL BUSINESSSMALL BUSINESSESSMALL FIRMSSPINOFFSSTART-UPSTART-UPSSUPPLIERTAXATIONTECHNOLOGICAL CHANGETHEORETICAL MODELSTRANSACTION COSTSTRANSPORTUNEMPLOYMENTVENTURE CAPITALVENTURE CAPITALISTSWAGESWATER SUPPLYWorld Bank10.1596/1813-9450-6245