Superentrepreneurship and Global Imbalances: Closing Europe’s Gap to Other Industrialized Regions

Reprint No. 2015:69

Author(s): Magnus Henrekson and Tino SanandajiYear: 2015 Title: The EU's Role in Fighting Global Imbalances Chapter: 4Editor(s): Antonina Bakardjieva Engelbrekt, Moa Mårtensson, Lars Oxelheim and Thomas PerssonPublisher: Edward Elgar PublishingCity: Cheltenham, UK Pages: 58–88
Online article (restrictions may apply)
Preliminary version

Entrepreneurs perform a central function in today’s decentralized market economies by innovating and exploring new ways to organize factors of production. They are consequently widely believed to play an important role in economic growth. The attention afforded to entrepreneurship by policy-makers and academics is also rooted in historical experience, as each wave of innovation since the eve of industrialization has been associated with entrepreneurs such as James Watt, Andrew Carnegie, Henry Ford, Sam Walton and Bill Gates. Entrepreneurs have more recently been linked to firm performance using careful causal methods (Becker and Hvide, 2013). Entrepreneurship theory is concerned with understanding the innovative process and with identifying policies that foster the creation of rapidly growing firms (Baumol, 2002). The dominant view of entrepreneurship in the literature is arguably the Schumpeterian definition of the entrepreneur as an innovator and as a driver of growth (Hébert and Link, 2006; Henrekson and Roine, 2007).

Henrekson, Magnus and Tino Sanandaji (2015), "Superentrepreneurship and Global Imbalances: Closing Europe’s Gap to Other Industrialized Regions". Chapter 4, pp. 58–88 in Antonina Bakardjieva Engelbrekt, Moa Mårtensson, Lars Oxelheim and Thomas Persson, eds., The EU's Role in Fighting Global Imbalances. Cheltenham, UK: Edward Elgar Publishing.

Magnus Henrekson


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Interdisciplinary European Studies

The European Union and the Return of the Nation State


This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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