Better means more: property rights and high-growth aspiration entrepreneurship

Saul Estrin, Julia Korosteleva, Tomasz Mickiewicz

Research output: Preprint or Working paperDiscussion paper


This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter for both.
Original languageEnglish
Place of PublicationBonn (DE)
Number of pages32
VolumeDP No. 4396
Publication statusPublished - Sept 2009

Publication series

NameIZA discussion paper series
No.DP No. 4396


  • high-growth aspiration entrepreneurship
  • entrepreneurship
  • start-ups
  • property rights


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