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The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth

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Author Info
Massón Guerra, José Luis

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Abstract

This paper analyzes the role of entrepreneurship capital as a new explanatory factor of Spanish Labor Productivity of Economic Sectors. Based on the Audretsch and Keilbach’s Model (2004a) that measure the capacity of generating new enterprises, the methodology incorporates this capacity as a new “capital” into a Cobb-Douglas Production Function (1928). Using secondary data from 75 Spanish economic sectors and supported by Resource Based View, Dynamic Capacities, and Endogenous Growth Theories, the results reveals that the creation of small enterprises shows a strong impact in the productivity and the sectorial Spanish growth.

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File URL: http://mpra.ub.uni-muenchen.de/4073/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4073.

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Date of creation: 06 Jul 2007
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Handle: RePEc:pra:mprapa:4073

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Related research
Keywords: Entrepreneurship Capital Economic Growth Economic Development Knowledge Capital

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Find related papers by JEL classification:
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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  1. Eugenio Gaiotti & Andrea Generale, 2001. "Does monetary policy have asymmetric effects? A look at the investment decisions of Italian firms," Temi di discussione (Economic working papers) 429, Bank of Italy, Economic Research Department. [Downloadable!]
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  2. Bosello, Francesco & Carraro, Carlo & Galeotti, Marzio, 1999. "The Double Dividend Issue: Modelling Strategies and Empirical Findings," CEPR Discussion Papers 2117, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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