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Unraveling the Shift to the Entrepreneurial Economy

Audretsch, D.B.; Thurik, A.R. - Tinbergen Institute - 2010

to suggest some of the factors leading to this shift and implications for public policy. In particular, we find that a … rethinking of the public policy approach. Rather than the focus of directly and exclusively on promoting startups and SMEs, it … may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship …

Persistent link: https://www.econbiz.de/10008484066

Total Factor Productivity and the Role of Entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Institute

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...

Persistent link: https://www.econbiz.de/10005016255

Education, Growth and Income Inequality

Teulings, Coen N.; Rens, Thijs van - Tinbergen Institute - 2002

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...

Persistent link: https://www.econbiz.de/10005042232

Sovereign Risk and Macroeconomic Fluctuations in an Emerging Market Economy

Kirchner, Markus; Rieth, Malte - Tinbergen Institute - 2010

economies that are subject to sovereign risk. In terms of policy implications, counterfactual experiments show that both more … active monetary policy and stronger fiscal feedbacks from debt on taxes can lead to less volatile inflation and debt dynamics …

Persistent link: https://www.econbiz.de/10008677977

On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply

Hek, Paul A. de - Tinbergen Institute - 2003

This paper examines the effects of taxation on long-run growth in a two-sector endogenous growth model with (i) physical capital as an input in the education sector and (ii) leisure as an additional argument in the utility function. The analysis of the effects of taxation - including income...

Persistent link: https://www.econbiz.de/10005144575

Positional Power in Hierarchies

Brink, René van den; Steffen, Frank - Tinbergen Institute - 2007

Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare...

Persistent link: https://www.econbiz.de/10005137145

On Socio-economic Roles and Specialization

Gilles, Robert P.; Lazarova, Emiliya; Ruys, Pieter H.M. - Tinbergen Institute - 2006

Xiaokai Yang's theory of economic specialization under increasing returns to scale is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor. In this theory specialization and, thus, the social division of labor is firmly embedded...

Persistent link: https://www.econbiz.de/10005137288

Axiomatizations of a Positional Power Score and Measure for Hierarchies

Brink, René van den; Steffen, Frank - Tinbergen Institute - 2008

Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about...

Persistent link: https://www.econbiz.de/10005450751

Decision Making and Learning in a Globalizing World

Swank, Otto H.; Visser, Bauke - Tinbergen Institute - 2010

We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...

Persistent link: https://www.econbiz.de/10008838554

Interacting Agents in Finance

Hommes, Cars - Tinbergen Institute - 2006

Interacting agents in finance represent a behavioral, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behavior in response...

Persistent link: https://www.econbiz.de/10005209457