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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
In the present paper we address the relationship between the extentof business ownership (self-employment) and economic development. We will focusupon three issues. First, how is the equilibrium rate of business ownershiprelated to the stage of economic development? Second, what is the speed...
Persistent link: https://www.econbiz.de/10011256131
Creativity is changing the way cities approach economic development and formulate policy. Creative metropolises base their economic development strategies, at least partly, on building communities attractive to the creative class worker. While there are countless examples of high-tech regions...
Persistent link: https://www.econbiz.de/10005247894
Persistent link: https://www.econbiz.de/10005247897
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
This note investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21...
Persistent link: https://www.econbiz.de/10005765228
this test we aim to investigate to what extent the role of entrepreneurship has changed in the last decades of the 20th … per capita income. This suggests that entrepreneurship plays a different role in countries in different stages of economic …
Persistent link: https://www.econbiz.de/10005765283
The knowledge spillover theory of entrepreneurship seeks to explain the sources of entrepreneurship and its … that a high rate of entrepreneurship facilitates the process of turning knowledge into innovative products while it has no …. Our results show that a high rate of entrepreneurship increases the chances that knowledge turns into innovative products …
Persistent link: https://www.econbiz.de/10005042243
My main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not...
Persistent link: https://www.econbiz.de/10005419171