Who walks out? Entrepreneurship in a global economy

► In a global economy entrepreneurship must be viewed as a mobile resource. ► Entrepreneurs can “vote-with-their-feet” when deciding where to establish their businesses. ► The institutional context for entrepreneurship is a key determinant of an agent's decision to migrate. ► We put forward a new framework for an examination of the relationship between institutional quality and entrepreneurship. ► The migration of entrepreneurs is an important issue.