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date: 16 June 2021

Abstract and Keywords

This article aims to review the extent to which public policy can enhance entrepreneurship and so garner the economic benefits identified by van Praag and Versloot. To achieve this aim the article has four sections. It begins by addressing the conceptual confusion caused by the different definitions of “entrepreneurship and small business (public) policy.” Following Hart, it takes “public policy” to be the intended use of powers by government to impact on societal outcomes. It then follows Lundstrom and Stevenson and suggests that entrepreneurship policies focus upon individuals who are not yet business owners; here the policy objective is to shift them into becoming business owners. In contrast, small business or “small and medium sized enterprise” (SME) policies focus upon existing businesses.

Keywords: public policy, entrepreneurship, economic benefits, small business policy, business owners, small and medium sized enterprise

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