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National Systems of Entrepreneurship: Measurement issues and policy implications

TLDR
In this paper, the authors introduce the concept of National Systems of Entrepreneurship and provide an approach to characterizing them, which are fundamentally resource allocation systems that are driven by individual-level opportunity pursuit, through the creation of new ventures, with this activity and its outcomes regulated by country-specific institutional characteristics.
Abstract
We introduce a novel concept of National Systems of Entrepreneurship and provide an approach to characterizing them. National Systems of Entrepreneurship are fundamentally resource allocation systems that are driven by individual-level opportunity pursuit, through the creation of new ventures, with this activity and its outcomes regulated by country-specific institutional characteristics. In contrast with the institutional emphasis of the National Systems of Innovation frameworks, where institutions engender and regulate action, National Systems of Entrepreneurship are driven by individuals, with institutions regulating who acts and the outcomes of individual action. Building on these principles, we also introduce a novel index methodology to characterizing National Systems of Entrepreneurship. The distinctive features of the methodology are: (1) systemic approach, which allows interactions between components of National Systems of Entrepreneurship; (2) the Penalty for Bottleneck feature, which identifies bottleneck factors that hold back system performance; (3) contextualization, which recognizes that national entrepreneurship processes are always embedded in a given country’s institutional framework.

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References
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Entrepreneurship capital and economic growth

TL;DR: In this paper, the authors show how and why the Solow growth accounting framework is useful for linking entrepreneurship capital to economic growth, and how entrepreneurship is the missing link between investments in new knowledge and economic growth.
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TL;DR: In this paper, the authors analyzed the factors behind the historical clustering of two industries in Detroit and Silicon Valley, respectively, and found that organizational reproduction and heredity were the primary forces underlying the clustering.
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Technology, entrepreneurship and path dependence: industrial clustering in Silicon Valley and Route 128

TL;DR: In this paper, the authors argue that the technological trajectories of the industries underlying the two regions were different and this led to their differential destinies, and analytical separation is made between the economy of the existing firms and a separate economy of institutions that evolved to nurture new firm formation.
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The Internationalization of Small and Medium-Sized Firms

TL;DR: This paper integrated the notions of organizational learning and entrepreneurial orientation into the body of international entrepreneurship to study the extent to which small and medium-sized companies engage in international activities and found that firms with an entrepreneurial mindset may be more likely to develop a longterm, substantial presence in the international arena, compared to firms that are more reactive or conservative.
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National systems of innovation: in search of a workable concept

TL;DR: In this paper, the authors propose a semantic content, a theoretical basis, and some methodological dimensions for the concept of National Systems of Innovation (NSOI), which is used in the analysis of technology policy and economics of technical change.
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What are national business systems?

National Systems of Entrepreneurship are resource allocation systems driven by individual opportunity pursuit in creating ventures, regulated by country-specific institutions, distinct from National Systems of Innovation.