Public Policy in an Entrepreneurial Economy Creating the Conditions

In recent years there has been increased focus on understanding the dynamic relationships among entrepreneurship, policymaking, and economic growth. At the heart of research, debate, and practical application is the question: "Under what conditions can en

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INTERNATIONAL STUDIES IN ENTREPRENEURSHIP Series Editors: Zoltan J. Acs George Mason University Fairfax, VA USA David B. Audretsch Max Planck Institute of Economics Jena, Germany Books in the series: Black, G. The Geography of Small Firm Innovation Tubke, A. Success Factors of Corporate Spin-Offs Corbetta, G., Huse, M., Ravasi, D. Crossroads of Entrepreneurship Hansen, T., Solgaard, H.S. New Perspectives in Retailing and Store Patronage Behavior Davidsson, P. Researching Entrepreneurship Fornahl, D., Audretsch D., Zellner, C. The Role of Labour Mobility and Informal Networks for Knowledge Transfer Audretsch D., Grimm, H., Wessner, C. Local Heroes in the Global Village Landström, H. Pioneers in Entrepreneurship and Small Business Research Lundström, A., Stevenson, L. Entrepreneurship Policy: Theory and Practice Elfring, T. Corporate Entrepreneurship van Stel, A. Empirical Analysis of Entrepreneurship and Economic Growth Fritsch, M., Schmude, J. Entrepreneurship in the Region Reynolds, P. D. Entrepreneurship in the United States Congregado, E. Measuring Entrepreneurship: Building a Statistical System Acs, Z., Stough, R. Public Policy in an Entrepreneurial Economy: Creating the Conditions for Business Growth

Zoltan J. Acs

Roger R. Stough

Public Policy in an Entrepreneurial Economy Creating the Conditions for Business Growth

Editors Zoltan J. Acs George Mason School of Public Policy Fairfax, VA USA

Roger R. Stough George Mason School of Public Policy Fairfax, VA USA

Series Editors Zoltan J. Acs George Mason School of Public Policy Fairfax, VA USA

David B. Audretsch Indiana University Bloomington, IN USA

ISBN: 978-0-387-72662-5 e-ISBN: 978-0-387-72663-2 DOI: 10.1007/978-0-387-72663-2 Library of Congress Control Number: 2008924176 © 2008 Springer Science+Business Media, LLC All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights.

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Preface

Dedicated to our Students Ever since my days at the Small Business Administration, I have been interested in entrepreneurship policy. Over the years I have pursued this question at the Max Planck Institute in Jena Germany and the Kauffman Foundation. The subsequent discussion and chapters in this book is a product of that deliberation. This volume grew out of my PhD course in Entrepreneurship and Public Policy at George Mason University. The School of Publi