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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
We review and assess the role local institutional framework conditions play in fostering local entrepreneurship. The basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both the supply and direction of entrepreneurship. While...
Persistent link: https://www.econbiz.de/10010392550
without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by … ; Self-employment ; Tax policy …
Persistent link: https://www.econbiz.de/10003867872
it narrowly targets entrepreneurial startups without requiring broad tax cuts. …
Persistent link: https://www.econbiz.de/10011420651
business ownership, in particular for small firms and startups without easy access to international capital markets. [...] …
Persistent link: https://www.econbiz.de/10011343003
The purpose of this research endeavor - in the form of eight articles - to be published in 2013 in a Special Section of Industrial and Corporate Change is to further our understanding of the extent, character and orientation of entrepreneurial activity in today's wealthy countries. This is done...
Persistent link: https://www.econbiz.de/10009666645
Edmund Phelps, the 2006 Nobel Laureate in Economics, has written a thought-provoking and ambitious book: Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is laudable for its emphasis on innovation, for its discussion of...
Persistent link: https://www.econbiz.de/10010228747
The surplus that is created in a successful entrepreneurial venture is much higher than the profit corresponding to the risk-adjusted market rate of return. The part of the surplus that exceeds this level may be denoted "entrepreneurial rent." Such rents normally disappear in the long run but...
Persistent link: https://www.econbiz.de/10011489999
It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and economic growth. To achieve these goals, we propose a reform strategy with respect to (i) the rule of law and the protection of property rights; (ii) the tax system; (iii) regulations...
Persistent link: https://www.econbiz.de/10012964610
business ownership, in particular for small firms and startups without easy access to international capital markets. Recent … empirical work has emphasized that taxes have heterogeneous effects on mature firms, entrepreneurial startups, and owner … into rapidly growing firms. Moreover, capital gains taxation tends to reduce the number of innovative startups and diminish …
Persistent link: https://www.econbiz.de/10012903938