The need for new public policies to increase entrepreneurship and spur economic growth

Robert Singh
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引用次数: 6

Abstract

PurposeThe purpose of this viewpoint paper is to bring attention to the declining rate of entrepreneurship, its effect on the broader economy, the need for public policy solutions and to offer several such solutions. Government intervention is needed to address the stagnation trends discussed throughout the paper. It is up to academic scholars, researchers and think tanks to make government leaders aware of the trends and possible solutions.Design/methodology/approachA literature review was performed and the need to increase entrepreneurship through public policies was discussed.FindingsThe current ten-year economic expansion is suffering from secular stagnation as a result of diminishing new venture creation and slower adoption of technological innovations. Economic policies are heavily tilted toward large, established firms even as new entrepreneurial ventures have greater impact on job creation. The importance of using public policies to spur economic growth through greater opportunity-based entrepreneurship is discussed. Unique tax policy changes are suggested as well as a proposed national business plan competition.Originality/valueThis paper makes a contribution to the entrepreneurship and public policy literature by discussing how the declining rate of entrepreneurship and slower adoption of new technology are related to the relatively tepid pace of economic expansion seen over the last decade in the US. The proposed policies focus on increasing new ventures based on opportunity-based entrepreneurship, and it is hoped that this will help in the development of other policies and spur new lines of research and knowledge that lead to increased economic growth.
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需要新的公共政策来增加企业家精神和刺激经济增长
目的本文的目的是引起人们对创业率下降、其对整体经济的影响、公共政策解决方案的必要性的关注,并提供几种这样的解决方案。需要政府干预,以解决整个文件中讨论的停滞趋势。这取决于学术学者、研究人员和智库,让政府领导人意识到趋势和可能的解决方案。设计/方法/方法进行了文献综述,并讨论了通过公共政策增加创业的必要性。发现当前十年的经济扩张正遭受长期停滞,这是由于新的风险创造减少和技术创新采用缓慢。经济政策严重倾向于大型老牌企业,尽管新的创业企业对创造就业机会的影响更大。讨论了利用公共政策通过更多基于机会的创业来刺激经济增长的重要性。提出了独特的税收政策变化以及拟议的全国商业计划竞争。独创性/价值本文通过讨论创业率下降和新技术采用速度放缓与美国过去十年相对不温不火的经济扩张步伐之间的关系,为创业和公共政策文献做出了贡献,希望这将有助于制定其他政策,并刺激新的研究和知识领域,从而促进经济增长。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.70
自引率
15.80%
发文量
22
期刊介绍: Institutions – especially public policies – are a significant determinant of economic outcomes; entrepreneurship and enterprise development are often the channel by which public policies affect economic outcomes, and by which outcomes feed back to the policy process. The Journal of Entrepreneurship & Public Policy (JEPP) was created to encourage and disseminate quality research about these vital relationships. The ultimate aim is to improve the quality of the political discourse about entrepreneurship and development policies. JEPP publishes two issues per year and welcomes: Empirically oriented academic papers and accepts a wide variety of empirical evidence. Generally, the journal considers any analysis based on real-world circumstances and conditions that can change behaviour, legislation, or outcomes, Conceptual or theoretical papers that indicate a direction for future research, or otherwise advance the field of study, A limited number of carefully and accurately executed replication studies, Book reviews. In general, JEPP seeks high-quality articles that say something interesting about the relationships among public policy and entrepreneurship, entrepreneurship and economic development, or all three areas. Scope/Coverage: Entrepreneurship, Public policy, Public policies and behaviour of economic agents, Interjurisdictional differentials and their effects, Law and entrepreneurship, New firms; startups, Microeconomic analyses of economic development, Development planning and policy, Innovation and invention: processes and incentives, Regional economic activity: growth, development, and changes, Regional development policy.
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