Showing 1 - 10 of 15
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
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
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
This report is one of four analytical pieces on Ukraine's innovation and entrepreneurial ecosystem developed by the … World Bank's Ukraine Technical Assistance on Innovation, supported by the Swedish Ukraine Financial and Enterprise Sector … Recovery and Growth Trust Fund. This report assesses the environment - or "ecosystem" -- that shapes innovation by firms in …
Persistent link: https://www.econbiz.de/10012645055
-growth, green entrepreneurship and innovation activity. At the same, this report also aims to increase the awareness of and support …
Persistent link: https://www.econbiz.de/10012248111
Viet Nam's economy slowed sharply in 2023, with three key drivers of growth -- exports, consumption, and private domestic investment -- is losing momentum. On the production side, the slowdown was led by industrial production. In the first quarter of 2024, the economy registered 5.66 percent...
Persistent link: https://www.econbiz.de/10014553802
national flagship Program 844 on "Supporting the National Innovation Initiative to 2025" toward building a pipeline of …
Persistent link: https://www.econbiz.de/10014454394