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Entrepreneurial Action, Public Policy, and Economic Outcomes

Edited by Robert F. Salvino Jr., Associate Professor, Coastal Carolina University and Michael T. Tasto and Gregory M. Randolph, Associate Professors, Southern New Hampshire University, US
Examining the economics of entrepreneurship from the perspectives of productive versus unproductive entrepreneurial behavior and the role of institutions in economic outcomes, the authors in this book seek to advance the research on institutions by providing a simple framework to analyze the broader, long-term consequences of economic policies. They examine the relationship between economic freedom and economic outcomes and summarize empirical evidence and theory. The book also provides practical policy solutions that are based on the authors' cogent analyses.
Extent: 200 pp
Hardback Price: $112.00 Web: $100.80
Publication Date: 2014
ISBN: 978 1 78100 578 1
Availability: In Stock
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  • Business and Management
  • Entrepreneurship
  • Economics and Finance
  • Austrian Economics
  • Politics and Public Policy
  • Public Policy
Entrepreneurial Action, Public Policy, and Economic Outcomes examines the economics of entrepreneurship from the perspectives of productive versus unproductive entrepreneurial behavior and the role of institutions in economic outcomes. It seeks to advance the research on institutions by providing a simple framework to analyze the broader, long-term consequences of economic policies.

The authors examine the relationship between economic freedom and economic outcomes and summarize empirical evidence and theory. Important topics of public debate are covered, and the economic rules of the game are carefully analyzed for clues to provide a better path toward prosperity. The book provides practical policy solutions that are based on the authors’ cogent analyses which highlight the importance of institutions for economic outcomes. It also focuses specifically on the impact of public policy and provides concrete examples regarding the role of institutions.

Providing a clear summary of the institutions and entrepreneurship research this comprehensive and timely book will be of great interest to anyone involved in public policy. It also offers a practical application for academic research and a rich bibliography of the scholarship and will therefore appeal to both graduate and undergraduate students.
‘This book addresses the central question in economic development: what institutions are conducive to productive entrepreneurship and wealth creation? By exploring the answer to this question from multiple perspectives, this volume is an invaluable resource both to scholars and policymakers concerned with human well-being.’
– Christopher J. Coyne, George Mason University, US

‘Salvino, Tasto and Randolph have put together an impressive and important collection detailing public policy’s influence on entrepreneurial outcomes. This book should be required reading for policy makers, who, let us hope, will heed its lessons well.’
– Peter Leeson, George Mason University, US
Contributors: N.D. Campbell, R.L. Coyne, N. Dutta, B.K. Hobbs, P.T Leeson, D.T. Mitchell, T. Ovaska, G.M. Randolph, T.M. Rogers, S. Roy, R.F. Salvino jr, R.S. Sobel, M. Swaleheen, M.T. Tasto, G.K. Turnbull
Contents:

Foreword

Preface

PART THE RELATIONSHIP BETWEEN INSTITUTIONS AND ENTREPRENEURSHIP
1. Introduction
R.F. Salvino Jr.

2. Institutions, Entrepreneurship, and Economic Growth
T. Ovaska

3. Economic Freedom, Entrepreneurship, and Growth
R.L. Coyne

4. Measures of Entrepreneurship and Institutions: A More Formal Robustness Check
N.D. Campbell, D.T. Mitchell and T.M. Rogers

5. Entrepreneurial Starts: Nature or Nurture?
B.K. Hobbs and M. Swaleheen

6. Institutions and Entrepreneurial Productivity in the American States
G.M. Randolph

PART II INSTITUTIONS AND ENTREPRENEURSHIP IN PRACTICE
7. Does the Power to Use Eminent Domain for Economic Development Actually Enhance Economic Development?
G.K. Turnbull, R.F. Salvino Jr. and M.T. Tasto

8. Bureaucracy and Business: How Healthcare Policy Guides the Invisible Hand
R.F. Salvino Jr.

9. Does Fiscal Decentralization Result in a Better Business Climate?
R.S. Sobel, N. Dutta and S. Roy

Index