ADB亚洲开发银行：2025年通过制度框架条件加强生产性创业报告（英文版）

Entrepreneurship is widely recognized as a key driver of economic growth, as it channels human, financial, and social capital toward productive uses through innovation and experimentation. However, entrepreneurial activities are highly heterogeneous, and they can be productive, unproductive, or even destructive, depending on the prevailing institutional and economic contexts (Baumol 1990; Ács, Autio, and Szerb 2014). Institutional framework conditions (IFCs)—business regulations, rule of law,