Entrepreneurship, management services and economic growth
Salas Fumás, Vicente (Universidad de Zaragoza. Facultad de Ciencias Económicas)
Sánchez Asín, J. Javier
Universitat Autònoma de Barcelona. Departament d'Empresa

Imprint: Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa 2006
Abstract: We model the joint production of entrepreneurs and workers where the former provide both entrepreneurial (strategic) and managerial (coordination, motivation) services, and management services are shared with individual workers in an output maximizing way. The static equilibrium of the model determines the endogenous share of entrepreneurs in the economy in a given moment of time. The time dynamics of the solution implies that a given growth rate in quality of entrepreneurial services contributes to productivity growth proportionally to the share of entrepreneurs at the start of the period and improvement in quality of entrepreneurial services is convergence enhancing. Model predictions are tested with data from OECD countries in the period 1970-2002. We find that improvements in quality of entrepreneurial services over time explain up to 100% of observed average productivity growth in these countries.
Rights: Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús Creative Commons
Language: Anglès.
Series: Documents de treball
Series: Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa) ; 06/1
Document: workingPaper
Subject: Emprenedoria ; Desenvolupament econòmic

Adreça alternativa: https://hdl.handle.net/2072/2209


45 p, 527.3 KB

The record appears in these collections:
Research literature > Studies

 Record created 2009-07-15, last modified 2019-02-02



   Favorit i Compartir