Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies

Based on interdisciplinary research the paper proves that behavioural economics provides a significant contribution to the entrepreneurship theory and can increase the effect of policies focused on entrepreneurship motivation. The paper demonstrates that entrepreneurship is a phenomenon, which contr...

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Autor principal:	N. P. Dobryagina
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2021
Materias:	behavioural economics entrepreneurship theory of entrepreneurship Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/b56063373ad9473589cc0df88fb09b2d
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spelling	oai:doaj.org-article:b56063373ad9473589cc0df88fb09b2d2021-11-12T10:46:13ZBehavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies1726-11391816-859010.22394/1726-1139-2021-1-50-60https://doaj.org/article/b56063373ad9473589cc0df88fb09b2d2021-03-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1618https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590Based on interdisciplinary research the paper proves that behavioural economics provides a significant contribution to the entrepreneurship theory and can increase the effect of policies focused on entrepreneurship motivation. The paper demonstrates that entrepreneurship is a phenomenon, which contradicts a number of neoclassical assumptions, while behavioural economics provides explanations of these deviations and embeds entrepreneurship into modified models. These new models take into account behavioural aspects of entrepreneur’s decision. The paper determines three main reasons of restrained effect of entrepreneurship policies, which are limited knowledge about existing entrepreneurship policies, underestimation of entrepreneurial sphere opportunities and importance of non-pecuniary factors in entrepreneurial decision, which are not taken into account in existing entrepreneurship determinants, used by policy makers. The paper suggests that behavioural economics approaches should be used in entrepreneurship policies as they help to deal with similar issues in other spheres.N. P. DobryaginaNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlebehavioural economicsentrepreneurshiptheory of entrepreneurshipPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 1, Pp 50-60 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	behavioural economics entrepreneurship theory of entrepreneurship Political institutions and public administration (General) JF20-2112
spellingShingle	behavioural economics entrepreneurship theory of entrepreneurship Political institutions and public administration (General) JF20-2112 N. P. Dobryagina Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
description	Based on interdisciplinary research the paper proves that behavioural economics provides a significant contribution to the entrepreneurship theory and can increase the effect of policies focused on entrepreneurship motivation. The paper demonstrates that entrepreneurship is a phenomenon, which contradicts a number of neoclassical assumptions, while behavioural economics provides explanations of these deviations and embeds entrepreneurship into modified models. These new models take into account behavioural aspects of entrepreneur’s decision. The paper determines three main reasons of restrained effect of entrepreneurship policies, which are limited knowledge about existing entrepreneurship policies, underestimation of entrepreneurial sphere opportunities and importance of non-pecuniary factors in entrepreneurial decision, which are not taken into account in existing entrepreneurship determinants, used by policy makers. The paper suggests that behavioural economics approaches should be used in entrepreneurship policies as they help to deal with similar issues in other spheres.
format	article
author	N. P. Dobryagina
author_facet	N. P. Dobryagina
author_sort	N. P. Dobryagina
title	Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
title_short	Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
title_full	Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
title_fullStr	Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
title_full_unstemmed	Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies
title_sort	behavioural economics contribution to the entrepreneurship theory and its application in entrepreneurship policies
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2021
url	https://doaj.org/article/b56063373ad9473589cc0df88fb09b2d
work_keys_str_mv	AT npdobryagina behaviouraleconomicscontributiontotheentrepreneurshiptheoryanditsapplicationinentrepreneurshippolicies
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Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies

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