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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
The SME sector is one of the factors that contribute to economic growth in every country on the national and regional level, and it holds true to Poland and Slovakia. Although this sector grew most rapidly during the beginning transition period, it still retains its significant role in the...
Persistent link: https://www.econbiz.de/10009147607
The main focus of the article is to elaborate on the importance and role of small and medium-sized enterprises in Slovak economy. The authors show development tendencies of SME sector in Slovakia in the years 1993-2006. Where it was possible the authors enumerated the data for the year 2007. The...
Persistent link: https://www.econbiz.de/10009149431
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
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
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