economy. In particular, the empirical evidence provides consistent support that (1) the role of entrepreneurship has … may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship …

Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that …) opportunitymotivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the … start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance leads to higher …