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A Matching Model of Endogenous Growth and Underground Firms

Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2015

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...

Persistent link: https://www.econbiz.de/10011212957

What is the Effect of the Current Financial Crisis on Venture Capital Financing? Empirical Evidence from US Internet Start-ups

Block, Joern; Sandner, Philipp - Volkswirtschaftliche Fakultät, … - 2009

Employing a large dataset regarding venture capital investments in US Internet firms, we analyze the effect of the current financial crisis on the venture capital market. Using regression analysis, we find that the financial crisis led to a 20% decrease in the average amount of funds raised per...

Persistent link: https://www.econbiz.de/10005836075

Do risk attitudes differ within the group of entrepreneurs?

Block, Joern; Sandner, Philipp; Spiegel, Frank - Volkswirtschaftliche Fakultät, … - 2009

The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a … about risk attitudes of entrepreneurs and to the literature about necessity and opportunity entrepreneurship. …

Persistent link: https://www.econbiz.de/10008566446

Entrepreneurship and the Hidden Economy: An Extended Matching Model

Pugno, Maurizio; Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2010

This paper develops a labour market matching model in order to address the problem of the persistence of the hidden sector and of its regional concentration, as in Italy and in the enlarged Europe. The main novel features of the model are that entrepreneurial ability affects job productivity,...

Persistent link: https://www.econbiz.de/10008646819

Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies

Adenutsi, Deodat E. - Volkswirtschaftliche Fakultät, … - 2009

The fundamental objective of this paper is to provide an insight into the role of entrepreneurship in job creation … the theoretical underpinnings of the linkages of entrepreneurship to job creation, income empowerment and poverty … cycle of poverty which has predominantly characterised low-income economies. The paper argues that entrepreneurship is the …

Persistent link: https://www.econbiz.de/10008876876

The Underground Economy in a Matching Model of Endogenous Growth

Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2011

A matching model will explain both unemployment and economic growth by considering the underground sector. Three problems can thus be simultaneously accounted for: (i) the persistence of underground economy, (ii) the ambiguous relationships between underground employment and unemployment, and...

Persistent link: https://www.econbiz.de/10009132744