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economic development and the dynamics of inequality withinand across societies. The study argues that entrepreneurial spirit … evolved non-monotonicallyin the course of human history. In early stages of development, risk-tolerant, growthpromoting traits … process of economic development. Inmature stages of development, however, risk-averse traits gained an evolutionary advantage …
Persistent link: https://www.econbiz.de/10009486959
We look at disaggregated imports of various types of equipment to make inferences oncross-country differences in the composition of equipment investment. We make threecontributions. First, we document strikingly large differences in investment composition.Second, we explain the differences as...
Persistent link: https://www.econbiz.de/10009305082
This study provides a unied growth theory to correctly predictthe initially negative and subsequently positive relationship between child mortalityand net reproduction observed in industrialized countries over the courseof their demographic transitions. The model captures the intricate...
Persistent link: https://www.econbiz.de/10005870762
comparative development, as itmarks the onset of the take-o to sustained growth. Neoclassical growth theorypresupposes a take …-o, and explains comparative development by variationsin (subsequent) investment rates... …
Persistent link: https://www.econbiz.de/10009302601
Questioning the underlying assumptions of the process of creative destruction, weconceptualize an alternative process of creative construction that may characterizethe dynamics between entrants and incumbents. We discuss the underlyingmechanism of knowledge spillover strategic entrepreneurship...
Persistent link: https://www.econbiz.de/10005864509
This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs...
Persistent link: https://www.econbiz.de/10005864588
The study of predictors of entrepreneurial activity at the country level has been dominated by economic influences. However, the relative stability of differences in entrepreneurial activity across countries suggests that other forces such as institutional and/or cultural factors are at play....
Persistent link: https://www.econbiz.de/10005864996
Persistent differences in the level of business ownership across economically developed nations have attracted the attentiion of scientific as well as political debate. Cultural rather than economic influences are assumed to play a decisive role. This paper deals with the influence of cutlural...
Persistent link: https://www.econbiz.de/10005865013
development and controlling for several other variables, we find that, in addition to a negative and significant impact of per …
Persistent link: https://www.econbiz.de/10005865255
The study of predictors of entrepreneurial activity at the country level has been dominated by economic influences. However, the relative stability of differences in entrepreneurial activity across countries suggests that other forces such as institutional and/or cultural factors are at play....
Persistent link: https://www.econbiz.de/10005865259