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Entrepreneurship and human development: A capability approach

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  • Gries, Thomas
  • Naudé, Wim

Abstract

We provide a formal model of entrepreneurship in human development. The framework is provided by the capabilities approach (CA). Hence we extend not only the conceptualisation of entrepreneurship in development, but the reach of the CA into entrepreneurship. From a CA view, entrepreneurship is not only a production factor, or a means to an end, as is often taken to be the case by economists, but also an end in itself. Entrepreneurship can be a human functioning and can contribute towards expanding the set of human capabilities through being both a resource and a process. Our model shows, however, that entrepreneurship is not automatically a functioning. Where it is a necessity it stops being a valued functioning. The model also shows that even when entrepreneurship is valued, entrepreneurs may often not match their ideas with suitable opportunities. Policy implications are discussed.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 95 (2011)
Issue (Month): 3-4 (April)
Pages: 216-224

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Handle: RePEc:eee:pubeco:v:95:y:2011:i:3-4:p:216-224

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Web page: http://www.elsevier.com/locate/inca/505578

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Keywords: Capability approach Entrepreneurship Human development;

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References

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Citations

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Cited by:
  1. Naudé, Wim & Amoros, José Ernesto & Cristi, Oscar, 2012. ""Surfeiting, the appetite may sicken": Entrepreneurship and the happiness of nations," UNU-MERIT Working Paper Series 013, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  2. Hartmann, Dominik & Pyka, Andreas, 2013. "Innovation, economic diversification and human development," FZID Discussion Papers 65-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  3. Gries, Thomas & Jungblut, Stefan & Naudé, Wim, 2012. "New firm creation and failure: A matching approach," UNU-MERIT Working Paper Series 015, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  4. Naudé, Wim, 2012. "Entrepreneurship and economic development: Theory, evidence and policy," UNU-MERIT Working Paper Series 027, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.

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