Entrepreneurship in the European Union: Unified Is Not Uniform

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Author(s): Mark Potts (Saginaw Valley State University, USA)and George M. Puia (Saginaw Valley State University, USA)
Copyright: 2012
Pages: 12
Source title: Regional Development: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-0882-5.ch108

Keywords: Government & Law / Information Science Reference / Socio-Economic Development / Urban & Regional Development

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Abstract

Entrepreneurship research posits that high potential new firms are the leading source of employment growth (Acs et al., 2008), wealth creation (Venkataraman, 1997), and economic development (EC, 1999). The European Union’s Lisbon Strategy recognized the significant role of entrepreneurs in creating employment (EC, 2000). The authors posit that a “Unified Europe” is not the same as a “Uniform Europe.” Using states in the United States as a comparative unit of analysis, the authors demonstrate ways in which differences in endowments (e.g., human capital, support for entrepreneurship, and regulatory environment) dynamically influence entrepreneurial outcomes. This analysis identifies challenges faced by local entrepreneurs in the context of Europe 2020.

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Entrepreneurship in the European Union: Unified Is Not Uniform

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