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Abstract(s)
Over the last four or fi ve decades, advanced economies have been confronted
to tremendous changes and challenges. Adopting a global or
macro-view can help in identifying social and economic stylized facts.
Audretsch and Thurik (2000, 2001) and Thurik (2011) distinguish two
polar economies according to which economic stylized facts can be reinterpreted
and reordered. The managerial model articulates economic growth
around mass production, specialization, certainty, predictability and
homogeneity, allowing the full play of economies of scale. The model of the
entrepreneurial economy articulates economic growth around a variety of
needs, novelty, turbulence, innovation and functioning in networks, allowing
the full play of entrepreneurial fl exibility. By observing recent social and
economic trends in advanced economies, including European economies,
one may consider that a transition from a managerial to an entrepreneurial
economy has been taking place since the late seventies/early eighties. The
factors and mechanisms for the transition to take place are numerous.
However, Stam (2008) identifi es three main sources that may be evoked to
explain the emergence of new entrepreneurial opportunities.
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Nunes, Alcina; Sarmento, Elsa de Morais (2012). Business demography dynamics in Portugal: a non-parametric survival analysis. In Bonnet, Jean; Dejardin, Marcus; Madrid-Guijarro, Antonia (eds.) The Shift To The Entrepreneurial Society: A Built Economy in Education, Sustainability and Regulation. Cheltenham: Edward Elgar. p. 260-272. ISBN 978-0-85793-893-0