Entrepreneurship in Emerging Economies

This book addresses the effect of formal institutions, such as the number of procedures, education and training, access to credit and firm-level technology absorption, on the rates of entrepreneurial activity in emerging economies. It will test the thesis that this relationship becomes more instrumental when they are accompanied by lower levels of corruption as an informal institution. Moreover, this book suggests that entrepreneurs in emerging economies respond differently to the dynamics of the institutional environment depending on the nature of opportunities that arise from the country's stage of development, and whether they are factor-driven, efficiency-driven, or innovation-driven economies.