Entrepreneurship policy and globalization

• 成果类型: Article
• 署名作者: Norback, Pehr-Johan; Persson, Lars; Douhan, Robin
• 署名单位: Research Institute of Industrial Economics (IFN)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2014.04.006
• 发表日期: 2014
• 页码: 22-38
• 关键词: Entrepreneurship; regulation; INNOVATION; market integration; lobbying

摘要

What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in the form of entry costs in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies, since it is then (i) more difficult to protect domestic incumbents and (ii) pro-entrepreneurial policies make foreign entrepreneurs less aggressive. Using the World Bank Doing Business database, we find evidence that international openness is negatively correlated with the barriers to entry for new entrepreneurs, as predicted by the theory. (C) 2014 Elsevier B.V. All rights reserved.