Magnus Henrekson

Recent publications in English

"Collaborative Innovation Blocs and Antifragility” (with Niklas Elert). Journal of Institutional Economics, forthcoming, 2020.

"Entrepreneurship Prompts Institutional Change in Developing Economies” (with Niklas Elert). Review of Austrian Economics forthcoming, 2020.

"The Rise and Decline of Private Foundations as Controlling Owners of Swedish Listed Firms: The Role of Tax Incentives” (with Dan Johansson and Mikael Stenkula). Scandinavian Economic History Review, forthcoming, 2020.

"How Labor Market Institutions Affect Job Creation and Productivity Growth – Update”. IZA World of Labor, Vol. 2020, No. 1, pp. 1–10, 2020.

The Entrepreneurial Society: A Reform Strategy for the European Union (with Niklas Elert and Mark Sanders). Cham CH and New York, NY: Springer, 2019.

"The Long-Run Performance of Born Globals in Computing: The Role of Digital Platforms” (with Shon Ferguson). International Review of Entrepreneurship, Vol. 17, No. 3, pp. 1–24, 2019. PDF

“Getting the Facts Right on Born Globals” (with Shon Ferguson and Louise Johannesson). Small Business Economics, published online, 2019.

“The Refugee Crisis and the Reinvigoration of the Nation State: Does the European Union Have a Common Refugee Policy?” (with Özge Öner and Tino Sanandaji). In Antonina Bakardjieva Engelbrekt, Lars Oxelheim and Thomas Persson, eds., The European Union and the Return of the Nation State. Cham, CH: Palgrave Macmillan, forthcoming, 2020.

“The Collaborative Innovation Bloc: A Reply to Our Commentators” (with Niklas Elert). Review of Austrian Economics, Vol. 32, No. 4, pp.349–361.

‘Post-Truth’ Schooling and Marketized Education: Explaining the Decline in Sweden’s School Quality” (with Johan Wennström). Journal of Institutional Economics, Vol. 5, No. 5, pp. 897–914, 2019.

"Measuring Schumpeterian Entrepreneurship: Do Established Metrics Capture High-Impact Schumpeterian Entrepreneurship?" (with Tino Sanandaji). Entrepreneurship Theory and Practice, published online, 2019.

"The Collaborative Innovation Bloc: A New Mission for Austrian Economics" (with Niklas Elert). Review of Austrian Economics, Vol. 34, No. 4, pp. 295–300.  

"The Geography and Concentration of Authorship in the Top Five: Implications for European Economics" (with Simon Ek). Scottish Journal of Political Economy, Vol. 66, No 2, pp. 215–245, 2019.

‘Post-Truth’ and the Decline of Swedish Education (with Johan Wennström). Quillette, September 18, 2018.

"Schumpeterian Entrepreneurship in Europe Compared to Other Industrialized Regions" (with Tino Sanandaji). International Review of Entrepreneurship, Vol 16, No. 2, pp. 157–182, 2018.

"A Reform Strategy for a More Innovative and Entrepreneurial Europe". In Emil Ems and Thorvaldur Gylfason, eds., Trade and Economic Reform – Festschrift in Honor of Per Magnus Wijkman. Stockholm: Dialogos, 2018.

"Financial and Institutional Reforms for an Entrepreneurial Society" (with Claire Economidou, Luca Grilli and Mark Sanders). Small Business Economics, Vol. 51, No. 2, pp. 279291, 2018.

"Stock Option Taxation: A Missing Piece in European Innovation Policy?” (with Tino Sanandaji). Small Business Economics, Vol. 51, No. 2, pp. 411424, 2018. 

"Stock Option Taxation and Venture Capital Activity: A Cross-Country Study” (with Tino Sanandaji). Venture Capital, Vol. 20, No. 1, pp. 51–71, 2018.

"Swedish Lessons: How Important are ICT  and R&D to Economic Growth?" (with Harald Edquist). Structural Change and Economic Dynamics, Vol. 42, September, 2017.

"Entrepreneurship and Institutions: A Bidirectional Relationship" (with Niklas Elert). Foundations and Trends in Entrepreneurship, Vol. 13, No. 3.

"Taxation of Swedish Firm Owners: The Great Reversal from the 1970s to the 2010s". Nordic Tax Journal. Vol. 2017, No. 1, 2017. 

Institutional Reform for Enhanced Innovation and Entrepreneurship: An Agenda for Europe (with Niklas Elert and Mikael Stenkula). Springer International Publishing, 2017.

Educational Performance in Swedish Schools is Plummeting – What Are the Facts? (with Sebastian Jävervall). Stockholm: The Royal Swedish Academy of Engineering Sciences, IVA, 2017.

"Status Quo Institutions and the Benefits of Institutional Deviations" (with Niklas Elert). International REview of Entrepreneursip, Vol. 15, No. 1, 2017. 

"The Social Background of Elite Executives: The Swedish Case " (with Odd Lyssarides). IFN Working Paper No. 1138, November 2016.

"The institutional evolution of labour market institutions in Europe and entrepreneurship" (with Gerarda Westerhuis). Policy Brief submitted to the European Commission as part of the European Union’s Horizon 2020 research and innovation programme under grant agreement No 649378. Utrecht and Stockholm: Financial and Institutional Reforms for Entrepreneurial Society (FIRES), 2016.

"The Entrepreneurial Rent: The Value of and Compensation for Entrepreneurship” (with Mikael Stenkula). Journal of Entrepreneurship and Public Policy, Vol. 6, No. 1, 2017. 

"Evasive Entrepreneurship” (with Niklas Elert). Small Business Economics, Vol. 47, No. 1, 2016.

Entrepreneurship: Definition, Function and Policy (with Mikael Stenkula). Lund: Studentlitteratur, 2016.

"Inheritance Taxation in Sweden, 1885–2004: The Role of Ideology, Family Firms and Tax Avoidance” (with Daniel Waldenström). Economic History Review, Vol. 69, No. 4, 2016.

"Do R&D and ICT Affect Total Factor Productivity Growth Differently?"  (with Harald Edquist). IFN Working Paper No. 1108, January 2016.

"Stock Option Taxation and Venture Capital Activity: A Cross-Country Comparison", IFN Working Paper No. 1104, January 2016.

"Two Sides to the Evasion: The Pirate Bay and the Interdependencies of Evasive Entrepreneurship" (with Niklas Elert and Joakim Wernberg). Journal of Entrepreneurship and Public Policy, Vol. 5, No. 2, 2016.

"Owner-Level Taxes and Business Activity” (with Tino Sanandaji). Foundations and Trends in Entrepreneurship, Vol. 12, No. 1, 2016.

"An Innovation Policy Framework: Bridging the Gap between Industrial Dynamics and Growth" (with Pontus Braunerhjelm). In David B. Audretsch and Albert N. Link, eds., Essays in Public Sector Entrepreneurship. New York: Springer, 2016.

"Government Size and Growth: A Rejoinder" (with Andreas Bergh). Journal of Economic Surveys, Vol. 30, No. 2, 2016.

"Superentrepreneurship in Europe Compared to Other Industrialised Regions" (with Tino Sanandaji), in Antonina Bakardjieva Engelbrekt, Lars Oxelheim and Thomas Persson, eds., The EU's Role in Fighting Global Imbalances. Cheltenham, UK and Northampton, MA: Edward Elgar, 2015.

“Swedish Wealth Taxation (1911–2007)" (with Gunnar Du Rietz), in Magnus Henrekson and Mikael Stenkula, eds., Swedish Taxation: Developments since 1862. New York: Palgrave Macmillan, 2015.

“Swedish Inheritance and Gift Taxation (1885–2004)" (with Gunnar Du Rietz and Daniel Waldenström), in Magnus Henrekson and Mikael Stenkula, eds., Swedish Taxation: Developments since 1862. New York: Palgrave Macmillan, 2015.

"Swedish Taxation since 1862: An Introduction and Overview (with Mikael Stenkula), in Magnus Henrekson and Mikael Stenkula, eds., Swedish Taxation: Developments since 1862. New York: Palgrave Macmillan, 2015.

Swedish Taxation: Developments since 1862 (with Mikael Stenkula). New York: Palgrave Macmillan, 2015.

"Swedish Lessons: How Important are ICT and R&D to Economic Growth” (with Harald Edquist). IFN Working Paper No. 1073, June 2015. Under review.

"Policies Promoting Innovation, Entrepreneurship and Firm Growth in Knowledge-Intensive Industries". In Vladimir V. Okrepilov, ed., Proceedings from the Conference Strategic Priorities in the Economic Development of Russia and the European Countries: Prospects for Integration (St. Petersburg, 3 April 2014). St. Petersburg: St. Petersburg State Polytechnical University, 2015.

”Local Competiveness Fostered through Local Institutions for Entrepreneurship” (with Martin Andersson), in David B. Audretsch, Albert N. Link and Mary Walshok, eds., Oxford Handbook of Local Competitiveness. Oxford: Oxford University Press, forthcoming.

"Entrepreneurship, Innovation and Human Flourishing". Small Business Economics, Vol. 43, No. 3, 2014.

"The Rise and Fall of Swedish Wealth Taxation" (with Gunnar Du Rietz). Nordic Tax Journal, Vol. 1, No. 1, 2014.

"Small Business Activity Does Not Measure Entrepreneurship" (with Tino Sanandaji). Proceedings of the National Academy of Sciences of the United States of America (PNAS), Early Edition, January 21, 2014.

"How Labor Market Institutions Affect Job Creation and Productivity Growth". In Alexander S. Kritikos et al., eds., IZA World of LAbor. London: Bloomsbury Publishing, 2014.

"Product Market Reforms and Incentives to Innovate in Sweden" (with Harald Edquist). In Chapter 5, pp. 143–198 in Maria Choupres and Harald Edquist (eds.), What Can We Learn from Economic Reforms in Greece and Sweden?. Brussels, Belgium: European Liberal Forum. 2013.

"How Labor Market Institutions Affect Job Creation and Productivity Growth". In Alexander S. Kritikos et al., eds., IZA World of LAbor. London: Bloomsbury Publishing, 2014.

"Entrepreneurship, Institutions and Economic Dynamism: Lessons from a Comparison of the United States and Sweden" (with Pontus Braunerhjelm). Industrial and Corporate Change, Vol. 22, No. 1, 2013.

"Institutional Entrepreneurship: An Introduction" (with Tino Sanandaji). In Magnus Henrekson and Tino Sanandaji, eds., Institutional Entrepreneurship. The International Library of Entrepreneurship Series. Cheltenham, UK: Edward Elgar, 2012.

"The Swedish Corporate Control Model: Convergence, Persistence or Decline?" (with Ulf Jakobsson). Corporate Governance: An International Review, Vol. 20, No. 2, 2012.

"The Futile Quest for a Grand Explanation of Long-Run Government Expenditure" (with Dick Durevall). Journal of Public Economics, Vol. 95, No. 7–8, 2011.

"Perspectives on the Success and Early History of the Industrial Institute for Economic and Social Research (IUI)". History of Economic Ideas, Vol. 19, No. 1, 2011.

"Entrepreneurship and the Theory of Taxation" (with Tino Sanandaji). Small Business Economics, Vol. 37, No. 2, 167–185, 2011.

"The Interaction of Entrepreneurship and Institutions" (with Tino Sanandaji). Journal of Institutional Economics, Vol. 7, No. 1, 2011.

"How Should Research Performance Be Measured? A Study of Swedish Economists" (with Daniel Waldenström). The Manchester School, Vol. 79, No. 6, 2011.

"Firm Growth, Institutions and Structural Transformation" (with Dan Johansson). In Michael Fritsch, ed., Handbook of Entrepreneurship and Regional Development, Cheltenham, UK: Edward Elgar, 2011.

"Government Size and Growth: A Survey and Interpretation of the Evidence" (with Andreas Bergh). Journal of Economic Surveys, Vol. 25, No. 5, 2011.

"Bridging the Gap Between Entrepreneurship Research and Mainstream Economics: Review of William J. Baumol’s The Microtheory of Innovative Entrepreneurship" (with Tino Sanandaji). Journal of Economic Literature, Vol. 48, No. 3, 2010.

"Entrepreneurship and Public Policy" (with Mikael Stenkula). In Zoltan J. Acs and David B. Audretsch, eds., Handbook of Entrepreneurship Research. New York: Springer. 2010.

Government Size and Implications for Economic Growth (with Andreas Bergh). Washington, D.C.: AEI Press, 2010.

"Taxation, Labor Market Policy and High-Impact Entrepreneurship" (with Dan Johansson and Mikael Stenkula). Journal of Industry, Competition and Trade, Vol. 10, No. 3–4, 2010.

"The Global Award for Entrepreneurship Research: Its Organization, Objectives and Criteria" (with Pontus Braunerhjelm and Anders Lundström). In Zoltan J. Acs and David B. Audretsch (eds.), Handbook of Entrepreneurship Research, New York: Springer, 2010.

"Gazelles as Job Creators: A Survey and Interpretation of the Evidence" (with Dan Johansson). Small Business Economics, Vol. 35, No. 2, 2010.

"Entrepreneurship and Second-best Institutions: Going Beyond Baumol’s Typology" (with Robin Douhan). Journal of Evolutionary Economics, Vol. 20, No. 4, 2010.

"The Global Award for Entrepreneurship Research" (with Anders Lundström). Small Business Economics, Vol. 32,  No. 1, 2009.

"Competencies and Institutions Fostering High-growth Firms" (with Dan Johansson). Foundations and Trends in Entrepreneurship, Vol. 5, No. 1, 2009.

"Why Are There So Few Female Top Executives in Egalitarian Welfare States?" (with Mikael Stenkula). Independent Review, Vol. 14, No. 2, 2009.

"Awarding Entrepreneurship Research: A Presentation of the Global Award" (with Pontus Braunerhjelm). Entrepreneurship Theory and Practice, Vol. 33, No. 3, 2009.

"The Political Economy of Entrepreneurship: An Introduction" (with Robin Douhan). In Magnus Henrekson and Robin Douhan, eds., The Political Economy of Entrepreneurship. Vol I and II. The International Library of Entrepreneurship 11. Cheltenham: Edward Elgar, 2008.

"Entrepreneurship and Institutions". Comparative Labor Law & Policy Journal, Vol. 28, No. 3, 2007.

"Israel M. Kirzner: An Outstanding Austrian Contributor to the Economics of Entrepreneurship" (with Robin Douhan and Gunnar Eliasson). Small Business Economics, Vol. 29, No. 1–2, 2007. 

"Entrepreneurship and the Welfare State. A Reply". Industrial and Corporate Change, Vol. 15, No. 3, 2006.

"Promoting Entrepreneurship in the Welfare State" (with Jesper Roine). IUI Working Paper 653, 2005. In D. B. Audretsch, I. Grilo and R. Thurik, eds., The Handbook of Research on Entrepreneurship Policy. Edward Elgar, 2007.

"Is Neoclassical Economics Still Entrepreneurless?" (with Milo Bianchi). Kyklos, Vol. 58, No. 3, 2005.

"The Swedish Model of Corporate Ownership and Control in Transition" (with Ulf Jakobsson). In H. Huizinga and L. Jonung, eds., Who Will Own Europe? The Internationalisation of Asset Ownership in Europe. Cambridge: Cambridge University Press, September 2005.

"Entrepreneurship: A Weak Link in the Welfare State". Industrial and Corporate Change, Vol. 13, No. 3, 2005. 

"Growth Effects of Government Expenditure and Taxation in Rich Countries: A Reply" (with Stefan Fölster). European Economic Review, Vol. 50, No. 1, 2006. 

"Technological Breakthroughs and Productivity Growth" (with Harald Edquist). Research in Economic History, Vol. 24, 2006.

"Wage-Setting Institutions as Industrial Policy" (with Steven J. Davis). Labour Economics, Vol 12, No. 3, 2005.  

"Tax Effects on Work Activity, Industry Mix and Shadow Economy Size: Evidence from Rich-Country Comparisons" (with Steven J. Davis). In R. Goméz-Salvador, A. Lamo, B. Petrongolo, M. Ward and E. Wasmer, eds., Labour Supply and Incentives to Work in Europe. Aldershot: Edward Elgar, 2005. ( Also available as NBER Working Paper No. 10509.)  


Leading Research Environment

IFN at the top


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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship




The Global Award for Entrepreneurship Research is the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and Vinnova are the principals of the award, in cooperation with the donor, Lars Backsell.

Professor Boyan Jovanovic, New York University, is the winner of the Global Award for Entrepreneurship Research 2019. 

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