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We model technological and ?nancial innovation as re?ecting the decisions of pro?t maximizing agents and explore the implications for economic growth. We start with a Schumpeterian growth model where entrepreneurs earn pro?ts by inventing better goods and ?nanciers arise to screen entrepreneurs....
Persistent link: https://www.econbiz.de/10009644118
Entrepreneurship is largely ignored or treated in a highly simplified way in endogenous growth theory. Still, it is now … creation. In this study we provide an in-depth examination of how the supply of productive entrepreneurship is likely to be … intrapreneurship can substitute for entrepreneurship. However, in an environment where entry, exit and turnover of firms are important …
Persistent link: https://www.econbiz.de/10005645334