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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/10011381042
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/10011378136
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/10011325967
The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy …
Persistent link: https://www.econbiz.de/10011602734
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/10011382024
This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of theeffects of taxation - including income...
Persistent link: https://www.econbiz.de/10011333258
what they think they are tasked with in the experiment. Adding a second auction that has a context drastically reduces the …
Persistent link: https://www.econbiz.de/10010357905
, but thereby also benefits less from the head's expertise. Antitrust authorities serve as one illustration of policy …
Persistent link: https://www.econbiz.de/10010532608
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/10011372509
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/10011377381