2017
DOI: 10.21036/ltpub10636
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What Impact do Start-Ups Really Have on Regional or National Economic Development?

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“…Countries have now realised that for entrepreneurship to have an impact on the economy, the focus has to move from quantity of start-ups to quality start-ups (Frick, 2016; Fritsch & Schroeter, 2009; Guzman & Stern, 2016). This is due to the contribution that could be made by few innovative fast growth companies in terms of job creation and innovation, as opposed to encouraging creation of many slow growth companies whose contribution to the economy is marginal (Frick, 2016; Guzman & Stern, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Countries have now realised that for entrepreneurship to have an impact on the economy, the focus has to move from quantity of start-ups to quality start-ups (Frick, 2016; Fritsch & Schroeter, 2009; Guzman & Stern, 2016). This is due to the contribution that could be made by few innovative fast growth companies in terms of job creation and innovation, as opposed to encouraging creation of many slow growth companies whose contribution to the economy is marginal (Frick, 2016; Guzman & Stern, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…A large number of businesses do not necessarily mean higher productivity. On the contrary, fostering the number of startups could lead to a decrease in quality of businesses (Fritsch and Schröter, ; Shane, ; Vivarelli, ).…”
Section: Defining and Measuring Entrepreneurshipmentioning
confidence: 99%