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International Differences in Entrepreneurship

Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country’s competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world.

Surprisingly, there has been little systematic research or comparative analysis to show how the growth of entrepreneurship differs among countries in various stages of development. International Differences in Entrepreneurship fills this void by explaining how a country’s institutional differences, cultural considerations, and personal characteristics can affect the role that entrepreneurs play in its economy. Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume. In addition, contributors consider how environmental factors of individual economies, such as market regulation, government subsidies for banks, and support for entrepreneurial culture affect the industry and the impact that entrepreneurs have on growth in developing nations.

Table of Contents


Josh Lerner and Antoinette Schoar

I. International Perspectives on the Nature of Entrepreneurship

1. Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints

Silvia Ardagna and Annamaria Lusardi

2. Who Are the Microenterprise Owners? Evidence from Sri Lanka on Tokman versus De Soto

Suresh de Mel, David McKenzie, and Christopher Woodruff

3. Business Ownership and Self- Employment in Developing Economies: The Colombian Case

Camilo Mondragón- Vélez and Ximena Peña

4. Entrepreneurship and Firm Formation across Countries

Leora Klapper, Raphael Amit, and Mauro F. Guillén


5. Does Less Market Entry Regulation Generate More Entrepreneurs? Evidence from a Regulatory Reform in Peru

Sendhil Mullainathan and Philipp Schnabl

6. The International Asian Business Success Story? A Comparison of Chinese, Indian, and Other Asian Businesses in the United States, Canada, and the United Kingdom

Robert W. Fairlie, Julie Zissimopoulos, and Harry Krashinsky


7. Are There Cultural Determinants of Entrepreneurship?

Rajkamal Iyer and Antoinette Schoar


II. International Perspectives on Policies toward Entrepreneurship

8. Entrepreneurship and Credit Constraints: Evidence from a French Loan Guarantee Program

Claire Lelarge, David Sraer, and David Thesmar

9. Government Sponsored versus Private Venture Capital: Canadian Evidence

James A. Brander, Edward J. Egan, and Thomas F. Hellmann

10. Is Entrepreneurship Missing in Shanghai?

Yasheng Huang and Yi Qian


Author Index

Subject Index

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