The Boulevard of Broken Dreams: Innovation Policy and Entrepreneurship

Josh Lerner

38 citations0/0 files storedInnovation Policy and the Economy

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Entrepreneurship Studies and Influences Firm Innovation and Growth Innovation Policy and R&D

Abstract

The long-run consequences of public policies that facilitate or hinder the development of a venture sector—the impact on national prosperity that a vital entrepreneurial climate can have—are substantial. In many cases, there is likely to be a role for the government in stimulating a vibrant entrepreneurial sector, given the early stage of maturity of these activities in most nations. But at the same time, it is easy for the government to overstep its bounds and squander its investments in this arena. Only by designing a program that reflects an understanding of, and a willingness to listen to, the entrepreneurial process can government efforts be effective.

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References

1965The Logic of Collective Action 1971The Theory of Economic Regulation 1976Toward a More General Theory of Regulation 1994Regional advantage: culture and competition in Silicon Valley and Route 128 1983A Theory of Competition Among Pressure Groups for Political Influence 2000Assessing the Contribution of Venture Capital to Innovation 2000The Interaction between Product Market and Financing Strategy: The Role of Venture Capital 2010The Divide between Subsistence and Transformational Entrepreneurship

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