Academic Entrepreneurship

Academic Entrepreneurship

Translating Discoveries to the Marketplace

The Johns Hopkins University series on Entrepreneurship

Edited by Phillip H. Phan

Academic entrepreneurship is a multifactorial and multidimensional phenomenon. This book presents research featuring aspects of academic entrepreneurship at the regional, institutional, and organizational levels of analysis. Phillip H. Phan and the authors illustrate that the more interesting aspects of this subject are in the ‘tails of the distribution,’ where counter-intuitive findings from the data call simple theories into question and inspire a vigorous discussion of alternatives.

Chapter 7: The institutional inertias that constrain technology-driven economic development

G. Reza Djavanshir

Subjects: business and management, entrepreneurship, management and universities


In certain developing and transitioning countries (DTCs), strategies to promote innovation, technology transfer and development do not result in successful technology-driven entrepreneurship or economic developments. In these countries, although governments and businesses in the private sector spend billions of dollars on technology transfer, development and innovation, their economic development efforts do not achieve their desired strategic goals. To understand these countries’ unsuccessful efforts and strategies, economists and social scientists have provided us with rich and useful lists of causal factors explaining the rationales behind the problems these countries face. In this chapter, the focus is on the discussion on how the systemic constraints in a country’s socio-cultural and political-legal institutions can impede both its efforts to promote technology development and transfer, and its entrepreneurship strategies. Specifically, the chapter discusses the weaknesses in developing countries’ regulative, normative and cultural-cognitive institutions that act as inertias in those countries’ technology transfer, development and entrepreneurial strategies, which can prevent a country’s technology-driven economic development processes from achieving its desired strategic goals.

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