Shepherd, Global Entrepreneurship Monitor: National Entrepreneurship Assessment United States of America (Kansas City, MO: Kauffman Center for Entrepreneurial Leadership, 2000). Michael Camp, Global Entrepreneurship Monitor: 1999 Executive Report (Kansas City, MO: Kauffman Center for Entrepreneurial Leadership, 1999) Andrew L. Approximately one-half of the differences in national economic growth rates among countries is explained by differing levels of entrepreneurial activity.
Specific applications to the size, quantity, and quality of new establishments and innovations are discussed in this chapter.Įntrepreneurship is a key source of economic growth due to the ongoing process of innovation it embodies. Doing so requires a basic understanding of both the role of regulation in a competitive market economy and how the democratic political process (that ultimately sets regulatory policy) affects which types of regulation are enacted. This chapter examines the impact of regulation on entrepreneurship.
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