Ingrid Verheul and André van Stel
Institutions, Behaviors and Outcomes
Hiroyuki Okamuro, André van Stel and Ingrid Verheul
This chapter investigates the differences in entrepreneurial activity between Japan and the Netherlands. While the Netherlands may be recognized as a well-developed entrepreneurial economy, Japan appears more in a process of transition from a managed to an entrepreneurial economy. The authors attempt to identify the factors that facilitate or hinder the transformation process from a managed to an entrepreneurial economy. The individual contribution of explanatory variables is interpreted according to a benchmark that makes it easy to recommend specific policies for stimulating entrepreneurial activity.