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We construct a simple model of occupational choice among agents with differing abilities. The fraction of agents creating new businesses who are low ability rises during recessions. Thus, cohorts born during recessions are on average lower quality: their businesses yield lower initial earnings,...
Persistent link: https://www.econbiz.de/10010842959
Human capital investment theory suggests that entrepreneurs should be generalists, while those who work for others should be specialists; it also predicts higher incomes for entrepreneurs with generalist skills. An alternative view predicts that those with greater taste for variety are more...
Persistent link: https://www.econbiz.de/10005190289
Recent findings by Hamilton (Journal of Political Economy, 2000) suggest that the self-employed do not receive a monetary premium for the risk and uncertainty associated with business ownership. In this paper, I show that that income underreporting by entrepreneurs can explain the lack of...
Persistent link: https://www.econbiz.de/10008764790
difficult. This book attempts to provide a deeper understanding of the interaction between investment, knowledge spillovers and … empirical evidence regarding the spatial dimension of investment, entrepreneurship and knowledge spillovers, and features both …, innovation, economic growth, economic integration and regional development will find this book to be of great interest. It will …
Persistent link: https://www.econbiz.de/10014474016
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …
Persistent link: https://www.econbiz.de/10005561473
In the only known programme of prescriptive entrepreneurship, James Fiet provides a marked contrast to the standard descriptive focus of entrepreneurship studies. Instead of the anecdotally based pedagogies that have dominated the teaching of entrepreneurship (and which do not control for...
Persistent link: https://www.econbiz.de/10011851559
-- pt. IV. Business exits -- pt. V. Knowledge-based entrepreneurship -- pt. VI. Entrepreneurship and social inclusion …
Persistent link: https://www.econbiz.de/10011851702
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005076554
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005556858
1. Introduction / David Smallbone, Markku Virtanen and Arnis Sauka -- Part I innovation -- 2. Innovation processes in …Entrepreneurship and innovation are arguably the main drivers of economic development today. This book explores the two … established EU member states. Split into three parts, the book focuses on: innovation, entrepreneurial activity and regional …
Persistent link: https://www.econbiz.de/10012419809