Showing 1 - 10 of 12
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...
Persistent link: https://www.econbiz.de/10005025459
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10004963483
through innovation, to create a learning economy, and to bring about social and environmental renewal. Exactly what the last … spending was to rise across the EU, university enrollments would rise with them, and a more friendly environment for innovation … kind of knowledge-based, innovative society that the EU leaders dreamed of in Lisbon more than a decade ago. This paper …
Persistent link: https://www.econbiz.de/10009150900
entrepreneurial effort, entrepre-neurial innovation and capital investment. Because of these constraints, the entrepreneurial project …
Persistent link: https://www.econbiz.de/10005082489
Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions—entrepreneurs often help shape institutions...
Persistent link: https://www.econbiz.de/10008599461
This paper reconsiders the predominant typology pioneered by Baumol (1990) between productive, unproductive and destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and therefore easily fails to appreciate the true impact of...
Persistent link: https://www.econbiz.de/10004969817
We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance–growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...
Persistent link: https://www.econbiz.de/10008500633
In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with other factors of production in search of economic rents. The institutional setup is argued to determine both the supply and direction of entrepreneurial activity. Four key...
Persistent link: https://www.econbiz.de/10005645286
Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or negative effects on overall productivity. Embedding central elements from these theories into a political economy framework reveals the bilateral causal relation between...
Persistent link: https://www.econbiz.de/10005645300
the perpetual discovery and use of productive knowledge. A key element in this process is the competence bloc, a nexus of … institutional framework determines the incentives for these individuals to acquire and utilize knowledge. We identify a number of …
Persistent link: https://www.econbiz.de/10005645380