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Z Acs, T Åstebro, D Audretsch, DT Robinson - Small business economics, 2016 - Springer

Public policy to promote entrepreneurship: a call to arms.

Stem education interventions

Acs, Åstebro, Audretsch, Robinson

GSID: eLXsIbPqX64J

Excerpt

We debate the motivation for and effectiveness of public policies to encourage individuals to become entrepreneurs. Reviewing established evidence we find that most Western world policies do not greatly reduce or solve any market failures but instead waste taxpayers' money, encourage those already intent on becoming entrepreneurs, and mostly generate one-employee businesses with low-growth intentions and a lack of interest in innovating. Most policy initiatives that would have the effect of promoting valuable entrepreneurship …

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