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Neo-Schumpeterian growth theory : missing entrepreneurs results in incomplete policy advice

Henrekson, Magnus; Johansson, Dan - 2024

exhaustively explain innovation, the role of ownership competence, profits, the function of financial markets, wealth and income … theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish … commercialization and dissemination of innovations by providing incentives to uncertainty-bearing, not only for entrepreneurs, but also …

Persistent link: https://www.econbiz.de/10015163031

To be or not to be : the entrepreneur in neo-Schumpeterian growth theory

Henrekson, Magnus; Johansson, Dan; Karlsson, Johan - 2022

machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter … (1934) and the entrepreneurless framework of Schumpeter (1942). The literature leans heavily towards Schumpeter (1942 …); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

Persistent link: https://www.econbiz.de/10013412825

Migrant inventors and the technological advantage of nations

Bahar, Dany; Choudhury, Prithwiraj; Rapoport, Hillel - 2020

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

Persistent link: https://www.econbiz.de/10012178399

Migrant inventors and the technological advantage of nations

Bahar, Dany; Choudhury, Prithwiraj; Rapoport, Hillel - 2019

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

Persistent link: https://www.econbiz.de/10012022425

On the job search and business cycles

Moscarini, Giuseppe; Postel-Vinay, Fabien - 2018

We propose a highly tractable way of analyzing business cycles in an environment with random job search both off- and and on-the-job (OJS). Ex post heterogeneity in productivity across jobs generates a job ladder. Firms Bertrand-compete for employed workers, as in the Sequential Auctions...

Persistent link: https://www.econbiz.de/10011916425

Uncovering the mechanism(s): financial constraints and wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment and explore their effect on wages. First, the financial...

Persistent link: https://www.econbiz.de/10012389827

Employment and hours over the business cycle in a model with search frictions

Kudoh, Noritaka; Miyamoto, Hiroaki; Sasaki, Masaru - 2015

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the extensive and intensive margins over the business cycle. The earnings function derived from the Stole-Zwiebel bargaining acts as an adjustment cost function for employment and...

Persistent link: https://www.econbiz.de/10010502792

Entrepreneurship Is dangerously obsessed with growth and incompatible with current visions of a post-growth society

Naudé, Wim - 2024

Entrepreneurship scholarship and policy are based on the myth of firm growth as imperative and the related myth of perpetual economic growth. This paper takes issue with the obsession with this growth myth, discussing the dangers it poses. Green growth and sustainable entrepreneurship are...

Persistent link: https://www.econbiz.de/10014584338

Artificial intelligence, jobs, inequality and productivity : does aggregate demand matter?

Gries, Thomas; Naudé, Wim - 2018

Rapid technological progress in artificial intelligence (AI) has been predicted to lead to mass unemployment, rising inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i) surveying the recent literature and (ii)...

Persistent link: https://www.econbiz.de/10011951702

Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector

Welfens, Paul J. J. - 2015

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

Persistent link: https://www.econbiz.de/10010510592