کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5099488 1377010 2010 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Ability-heterogeneity, entrepreneurship, and economic growth
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Ability-heterogeneity, entrepreneurship, and economic growth
چکیده انگلیسی
This paper develops an endogenous growth model of occupational choice with overlapping generations heterogeneous in entrepreneurial ability. While an increase in the number of entrepreneurs creates a growth-enhancing variety effect, the reduced overall quality of entrepreneurial ability retards growth. As a result, the number of entrepreneurs and output growth need not be positively related, in response to changes in the ability distribution. While cheaper financial operation and higher manufacturing productivity are both growth-enhancing, they have different effects on equilibrium factor prices and equilibrium financial markups. Additionally, the long-run growth consequences of subsidies to entrepreneurship and credit-market imperfections are studied.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 34, Issue 3, March 2010, Pages 522-541
نویسندگان
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