Foundations and Trends® in Entrepreneurship

Volume 4, issue 6

Foundations of High Impact Entrepreneurship

This survey reviews the theoretical literature on high impact entrepreneurship. The survey is guided in part by the recent classification changes at the Journal of Economic Literature (JEL) regarding entrepreneurship. The board voted to create a new classification code, L26, for entrepreneurship. Th...
Volume 4, issue 5

Entrepreneurship, Knowledge and Economic Growth

Knowledge plays a critical role in economic development, still our understanding of how knowledge is created, diffused and converted into growth, is fragmented and partial. The neoclassical growth models disregarded the entrepreneur and viewed knowledge as an exogenous factor. Contemporary current k...
Volume 4, issue 4

Habitual Entrepreneurs

This review explores the emerging debate relating to habitual entrepreneurs. Habitual entrepreneurs (also known as experienced or, latterly, repeat entrepreneurs) are a widespread phenomenon. An entrepreneur's business ownership experience may differ according to the number of private businesses s/h...
Volume 4, issue 3

Business Creation in the United States: Panel Study of Entrepreneurial Dynamics II Initial Assessment

PSED II began in 2005 with the selection of a cohort of 1,214 nascent entrepreneurs chosen from a representative sample of 31,845 adults. The first 12 month follow-up interviews were completed with 80% of the original cohort. The project is designed to replicate, with appropriate methodological impr...
Volume 4, issue 2

The Economic Benefits and Costs of Entrepreneurship: A Review of the Research

Many studies in the entrepreneurship literature are motivated by the statement that entrepreneurship has important economic value, for instance, in terms of productivity and growth, employment generation or, innovation. This claim is often substantiated by a reference to (at most) one or two studies...
Volume 4, issue 1

Defining and Measuring Entrepreneurship

Although entrepreneurship has become a buzzword in the public debate, a coherent definition of entrepreneurship has not yet emerged. In this paper, we review and compare the most common theoretical definitions of entrepreneurship in economics and discuss their connection to the various empirical mea...