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Financial Innovation and Endogenous Growth
Laeven, Luc; Levine, Ross; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2009
We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...
Persistent link: https://www.econbiz.de/10008528522
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Culture, Entrepreneurship, and Growth
Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013
where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …
Persistent link: https://www.econbiz.de/10011084260
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Impeded Industrial Restructuring: The Growth Penalty
Audretsch, David B; Thurik, A R Roy - C.E.P.R. Discussion Papers - 2000
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10005791840
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Entrepreneurship: Origins and Returns
Berglann, Helge; Moen, Espen R; Roed, Knut; Skogstrøm, … - C.E.P.R. Discussion Papers - 2009
We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …
Persistent link: https://www.econbiz.de/10005079007
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Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events
Brück, Tilman; Llussá, Fernanda; Tavares, José - C.E.P.R. Discussion Papers - 2010
We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...
Persistent link: https://www.econbiz.de/10008692319
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Which Immigrants Are Most Innovative and Entrepreneurial: Distinctions by Entry Visa
Hunt, Jennifer - C.E.P.R. Discussion Papers - 2010
Using the 2003 National Survey of College Graduates, I examine how immigrants perform relative to natives in activities likely to increase U.S. productivity, according to the type of visa on which they first entered the United States. Immigrants who first entered on a student/trainee visa or a...
Persistent link: https://www.econbiz.de/10008468510
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Progressive Taxes and Firm Births
Bacher, Hans Ulrich; Brülhart, Marius - C.E.P.R. Discussion Papers - 2010
Tax reform proposals in the spirit of the 'flat tax' model typically aim to reduce three parameters: the average tax burden, the progressivity of the tax schedule, and the complexity of the tax code. We explore the implications of changes in these three parameters on entrepreneurial activity,...
Persistent link: https://www.econbiz.de/10008468564
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Entrepreneurial Innovations, Entrepreneurship Policy and Globalization
Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2010
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model … entrepreneurial entry and pro-entrepreneurial policies make foreign entrepreneurs less aggressive. Using the World Bank Doing Business …
Persistent link: https://www.econbiz.de/10008530366
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Labor Laws and Innovation
Acharya, Viral V; Baghai, Ramin; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2009
Can stringent labor laws be efficient? Possibly, if they provide firms with a commitment device to not punish short-run failures and thereby incentivize the pursuit of value-maximizing innovative activities. In this paper, we provide empirical evidence that strong labor laws indeed appear to...
Persistent link: https://www.econbiz.de/10004980205
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Legal Status at Entry, Economic Performance and Self-Employment Proclivity: A Bi-National Study of Immigrants
Constant, Amelie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2006
-employment and entrepreneurship and their economic success. Particular attention is paid to the role of legal status at entry in the …
Persistent link: https://www.econbiz.de/10005123900