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| Author: | Shane, S. |
| Title: | Why encouraging more people to become entrepreneurs is bad public policy |
| Journal: | Small business economics
2009 : AUG, VOL. 33:2, p. 141-149 |
| Index terms: | entrepreneurship new enterprise employment economic growth public policy |
| Language: | eng |
| Abstract: | Creating new start-up companies is often thought by policy makers (henceforth as: p-mks.) to transform depressed economic regions, to generate innovation, and to create jobs. Yet, this belief is flawed. Getting economic growth and jobs creation from entrepreneurs is not a numbers game. It is about encouraging the formation of high quality and high growth companies. Thus, p-mks. should stop subsidizing the formation of typical start-ups and focus on creating conditions for businesses with growth potential. By eliminating incentives to create low probability companies, p-mks. can improve the new businesses' average performance. |
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