ADB亚洲开发银行：2025年制度对创业重要吗？（英文版）

Entrepreneurship is a highly heterogeneous phenomenon, and not all entrepreneurial activities contribute equally to social and economic development (Ács and Amorós 2008). Following Baumol’s (1990) distinction between productive, unproductive, and destructive entrepreneurship, recent research underscores the central role of institutional environments in determining how entrepreneurial effort is allocated. Within this context, scholars have highlighted an important distinction between formal entre