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advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10014496402
; innovation ; finance ; policy ; leveraged startups …
Persistent link: https://www.econbiz.de/10003766004
This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away...
Persistent link: https://www.econbiz.de/10003824122
Entrepreneurship is considered to be an important mechanism for economic development through employment, innovation and … of the papers. -- entrepreneurship ; economic development ; startups public policy …
Persistent link: https://www.econbiz.de/10003824209
The purpose of this paper is to examine the existence of cross-level moderating effects between national appropriability conditions, individual level predictors and entrepreneurial growth aspirations. We test a multi-level model that connects the determinants of strategic resource allocation...
Persistent link: https://www.econbiz.de/10003882956
In this study, we quantify the role of foreign-born founders in high-tech entrepreneurship in a nationally representative sample of rapidly growing "high-impact" companies. This class of companies drives job creation and aggregate growth in the U.S. We find that, while most previous studies have...
Persistent link: https://www.econbiz.de/10003887158
The purpose of this paper is to contribute to our understanding of regional economic development by constructing a regional entrepreneurship index that captures the essence of the contextual features of entrepreneurship and fills a gap in the measurement of economic and social development in the...
Persistent link: https://www.econbiz.de/10011508867
failures: a central-payer healthcare would remove health-care related distortions affecting employment choices; greater STEM …
Persistent link: https://www.econbiz.de/10011560441
This paper introduces a new concept in addition to the traditional measures of stocks of capital, labor, human capital and knowledge, to understand the Solow Residual: National Entrepreneurial Ecosystem (NEE). The NEE construct is based on a methodology that combines institutions and human...
Persistent link: https://www.econbiz.de/10010438892
The current research on entrepreneurship as an economic phenomenon often assumes its desirability as a driver of economic development and growth. However, entrepreneurial talent can be allocated among productive, unproductive, and destructive activities. This process is theorized as driven by...
Persistent link: https://www.econbiz.de/10008661285