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We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...
Persistent link: https://www.econbiz.de/10011255927
This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...
Persistent link: https://www.econbiz.de/10011256128
Entrepreneurship has emerged as an important element in the organization of economies. This emergence did not occur … countries embrace entrepreneurial energy. This led to the political mandate to promote entrepreneurship. Hence, a clear and … organized view is needed of what the determinants and consequences of entrepreneurship are. The present contribution tries to …
Persistent link: https://www.econbiz.de/10005288702
entrepreneurship with its potential to set the economy on a higher growth path by supplying the products which consumers need and want …
Persistent link: https://www.econbiz.de/10005288830
aspects of the recent scientific literature on the relation between entrepreneurship and small business, on the one hand, and … pay a penalty in terms of forgone growth. It also pays attention to the Global Entrepreneurship Monitor (GEM), a new and …
Persistent link: https://www.econbiz.de/10005288330
Most studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a … countries participating in the Global Entrepreneurship Monitor we investigate whether the impact on growth depends on socio …-demographic diversity in entrepreneurship (in terms of age, education and gender). We find that in less developed countries older and higher …
Persistent link: https://www.econbiz.de/10005795615
claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question … group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels …
Persistent link: https://www.econbiz.de/10011257287
>entrepreneurial economy</I>. In particular, the empirical evidence provides consistent support that (1) the role of entrepreneurship has … may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship …
Persistent link: https://www.econbiz.de/10011257351
knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic … particular, our results suggest that innovation efforts have an indirect effect on economic performance via entrepreneurship …
Persistent link: https://www.econbiz.de/10011257436