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This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns residual profits, utilizes an uncertain technology and...
Persistent link: https://www.econbiz.de/10011092399
We show how a Schumpeterian process of creative destruction can induce coordination in the timing of entrepreneurial activities across diverse sectors of the economy.Consequently, a multi-sector economy, in which sector-specific, productivity improvements are made by independent, profit-seeking...
Persistent link: https://www.econbiz.de/10011092449
growth. Our findings underline the importance of finance for entrepreneurship and microenterprise growth, and the role of …
Persistent link: https://www.econbiz.de/10011092482
Unternehmertum und der Funktion des Unternehmers begründet Schumpeter schließlich Entrepreneurship als betriebswirtschaftliche …
Persistent link: https://www.econbiz.de/10010980591
Using a large data set for Germany, we show that both the raw and the unexplained gender earnings gap are higher in self-employment than in paid employment. Applying an Oaxaca-Blinder decomposition, more than a quarter of the difference in monthly self-employment earnings can be traced back to...
Persistent link: https://www.econbiz.de/10010980674
This paper utilizes German tax data to present evidence about the direct and indirect effects of new firm formation. Cohort analysis is applied to investigate survival, sales, inputs, and value added of start-up firms. Most drop-outs occur in the early years. We show that start-up...
Persistent link: https://www.econbiz.de/10010981308
Die Studie analysiert die Wohlstandseffekte des Gründungsgeschehens anhand der Daten des Umsatzsteuerpanels. Mittels einer Kohortenanalyse werden die Bestandsfestigkeit von Gründungen, der Umsatz, die Vorleistungsbezüge und Wertschöpfung sowie die Beschäfti-gung untersucht. Viele...
Persistent link: https://www.econbiz.de/10010981735
Forschungsarbeiten stellen immer wieder fest, dass Frauen im Allgemeinen und Unternehmerinnen im Besonderen weniger innovativ sind als ihre männlichen Pendants. Häufig wird dies auch in Verbindung mit einer schwächeren Unternehmensentwicklung weiblich geführter Unternehmen gebracht. Die...
Persistent link: https://www.econbiz.de/10010981745
We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...
Persistent link: https://www.econbiz.de/10010983206
We study the effect of entrepreneurship on economic growth. First, we illustrate that entrepreneurship affects the … entrepreneurship exerts significant growth stimuli. We then evaluate this prediction empirically applying 3SLS estimations based on the … approach proposed by Barro (1991, 2000, 2003). Using data of 188 countries between 1980-2010, we show that entrepreneurship has …
Persistent link: https://www.econbiz.de/10010983347