@TechReport{iza:izadps:dp4396, author={Estrin, Saul and Korosteleva, Julia and Mickiewicz, Tomasz}, title={Better Means More: Property Rights and High-Growth Aspiration Entrepreneurship}, year={2009}, month={Sep}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={4396}, url={https://www.iza.org/index.php/publications/dp4396}, abstract={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.}, keywords={start-ups;high-growth aspiration entrepreneurship;property rights;entrepreneurship}, }