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• W1977012681 abstract "For the past 13 years, the Heritage Foundation and the Wall Street Journal have been publishing their Index of Economic Freedom (Kane, Holmes and O’Grady, 2007). The subtitle of the 2007 report, The Link between Economic Opportunity and Prosperity, provides us with a glimpse of the importance for economic systems that the authors ascribe to the practice of economic freedom. For those pursuing the study of entrepreneurship, the linkage between economic freedom and economic opportunity is of special interest and significance. The identification and exploitation of opportunity is fundamental to the practice of entrepreneurship. The presence and practice of economic freedom around the world, then, is the cornerstone of the sustainable nature of entrepreneurship. Amidst the good news about the recent performance of the global economy, the 2007 Report cautions us that there are disturbing signs of erosion of economic freedom. From the US to Europe to Asia, at the margin, policy changes are putting barriers on the freedom of economic inputs and outputs to cross national borders. This is a trend worth watching! For the pessimists, erosion of economic freedom, if perpetuated, could have disastrous effects on national and international entrepreneurship. The optimists, on the other hand, maintain that markets will again triumph over governments, albeit in the long-run. In the meanwhile, of course, opportunities are being washed away! This issue contains articles that deal both with public policy and private initiative. The first contribution is by Robert Plant. Using the background of location theory and a sample of firms funded in conjunction with the Florida Venture Forum in his “An Empirical Analysis: Venture Capital Clusters and Firm Migration,” Plant finds that a good number of funded firms are located within venture capital clusters. He also finds that funded entities are younger than non-funded ones and are more likely to be acquired and move from their original location. The article carries useful lessons for economic development officials as well as funded entrepreneurs. Josee Audet and Etienne St-Jean tell us that public authorities have established numerous agencies as well as venture development support and assistance measures for SMEs. Unfortunately, in “Factors Affecting the Use of Public Support Services by SME Owners: Evidence from a Periphery Region of Canada,” they find that SME owner-managers do not take full advantage of these services. They delve into the reasons for their findings and make an effort to pinpoint the root of the problem." @default.
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• W1977012681 date "2007-06-01" @default.
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• W1977012681 title "ENTREPRENEURSHIP AND ECONOMIC FREEDOM: THE VISIBLE HAND OF PUBLIC POLICY" @default.
• W1977012681 doi "https://doi.org/10.1142/s1084946707000599" @default.
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