Entrepreneurial_Ecosys tem.NL Miracle and Paradox “ENTREPRENEURIAL ECOSYSTEMS AND GROWTH-ORIENTED ENTREPRENEURSHIP” International Workshop jointly organised by the OECD LEED Programme and The Netherlands’ Ministry of Economic Affairs Prof Dr Erik Stam Utrecht University School of Economics & Utrecht Center for Entrepreneurship
There has been an amazing growth of entrepreneurship in the Netherlands in the period 1987-2012. One the one hand this is a miracle: there is no European country in which the Total Entrepreneurial Activity rate has grown as much as in the Netherlands over the period 2003-2012. On the other hand there is a paradox: this growth is increasingly a matter of growing numbers of solo self-employed, with only low/mediocre rates of growth-oriented entrepreneurship.
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Entrepreneurial_Ecosystem.NLMiracle and Paradox
“ENTREPRENEURIAL ECOSYSTEMS AND GROWTH-ORIENTED ENTREPRENEURSHIP”International Workshop jointly organised by the OECD LEED Programme and
The Netherlands’ Ministry of Economic Affairs
Prof Dr Erik StamUtrecht University School of Economics &
Utrecht Center for Entrepreneurship
Entrepreneurial_Ecosystem.NL
Oh no, not the next Silicon Somewhere…
Entrepreneurial_Ecosystem
Reflects two shifts:Societal: from Managed Economy to
Scientific: from Equilibrium Economics to Complexity Economics (Beinhocker 2007)
NL: Entrepreneurship Miracle or Paradox?
• Amazing growth of entrepreneurship in the Netherlands, 1987-2012
• Miracle: no country in which the TEA rate has grown as much as in the Netherlands over the period 2003-2012 (and precourse of rising new firm formation and self-employment)
• Paradox: increasingly a matter of growing number of solo self-employed, and low/mediocre rates of growth-oriented entrepreneurship
Entrepreneurship NL Facts - I
Entrepreneurship Facts - II
TEA Rate 2003-2012 (GEM)
Paraphrasing Einstein
• Not all entrepreneurship that counts can be counted, and not all entrepreneurship that can be counted counts.
• Entrepreneurship: explore and exploit opportunities for new value creation
Entrepreneurship Facts - III
Entrepreneurship Facts - IV
Entrepreneurship Facts - V
(Eco)systemic Causes & Consequences
• Positive feedback: virtuous circle (for self-employment!)
Changing preferences
Changing formal
institutions
Lowerentry
barriers
Higherentryrates
+ Context: high labour protection, concentrated financial sector,