Entrepreneurship and Economic Growth: An Obvious Conjunction?
AbstractThis paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect the individual arbitrage between different professional occupations (including entrepreneurship) and expected payoffs. The second question is concerned with the types of activities to which the individual directs his talents. We distinguish between entrepreneurship and rent-seeking. The impact on economic growth is assessed in static and dynamic frameworks.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0110010.
Length: 17 pages
Date of creation: 30 Oct 2001
Date of revision:
Note: Type of Document - Pdf; pages: 17 . Introductory Discussion Paper Ref. IDS DP 2000-08, Indiana University, Bloomington.
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entrepreneurship; economic growth; rent-seeking;
Find related papers by JEL classification:
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-11-05 (All new papers)
- NEP-DEV-2001-11-05 (Development)
- NEP-ENT-2001-11-05 (Entrepreneurship)
- NEP-TID-2001-11-05 (Technology & Industrial Dynamics)
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