Environmental and Contextual Sources of Global Variation in Entrepreneurial Activities

This chapter examines economic and institutional factors affecting entrepreneurial activities. Factors analyzed include entrepreneurial opportunities, skills, access to capitals, incentives, culture as well as overall macro-economic environment and institutional contexts. The focus is thus on the demand- as well as supply side perspectives of entrepreneurship. We also discuss examples of measures taken by various governmental and non-governmental agencies to change some of the institutional factors to stimulate entrepreneurship