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Entrepreneurship, economic development, measuring entrepreneurship, defining entrepreneurship, drivers of entrepreneurship, economic growth, high-tech occupations, establishment births, self-employed, nonemployers
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Defining And Measuring Entrepreneurship For Regional Research: A New Approach, Sarah A. Low
Defining And Measuring Entrepreneurship For Regional Research: A New Approach, Sarah A. Low
Sarah A. Low
A strong correlation might exist between entrepreneurship and long-term regional
employment growth (Acs and Armington, 2003). Entrepreneurship may be a more
sustainable economic development strategy than alternatives, like industrial recruitment,
because entrepreneurs tend to locate in their home region. Research and policies on
fostering entrepreneurship are hindered, however, by the lack of a clear definition and
measure of entrepreneurship (Bruyat and Pierre-Andre, 2000). Multiple definitions of
entrepreneurship, often flawed, lead to contradictory findings that fuel policymaker
confusion (Tamasy, 2006). Most importantly, the commonly used measures of
entrepreneurship ignore innovation—a long established defining attribute of
entrepreneurship for economic development. This is …