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where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that …We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …
Persistent link: https://www.econbiz.de/10011043182
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What obstacles prevent the most productive technologies from spreading to less developed economies from the world’s technological frontier? In this paper, we seek to shed light on this question by quantifying the geographic and human barriers to the transmission of technologies. We argue that...
Persistent link: https://www.econbiz.de/10014025608
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The evil eye belief is a widespread superstition according to which people can cause harm by a mere envious glance at coveted objects or their owners. This paper argues that such belief originated and persisted as a useful heuristic under conditions in which envy was likely to trigger...
Persistent link: https://www.econbiz.de/10011190125
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that …We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …
Persistent link: https://www.econbiz.de/10011084260
Costs and Economic Institutions -- The Effects of Culture, Transactions and Institutions on Opportunity Entrepreneurship …Introduction -- The Foundations: Human Needs and Cultural Background -- Culture in Economic Thinking -- Cultural …
Persistent link: https://www.econbiz.de/10014017590
and wages are less likely to generate entrepreneurs than firms with temporary or no R&D investments. Second, start …
Persistent link: https://www.econbiz.de/10011046430