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Entrepreneurial Efficiency Author info | Abstract | Publisher info | Download info | Related research | Statistics Katsuya Takii (Osaka School of International Public Policy, Osaka University)
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This paper examines a particular aspect of entrepreneurship, namely firms' ability to respond appropriately to unexpected changes in the environment (i.e., their adaptability). An increase in firms' adaptability improves allocative efficiency in a competitive economy, but can reduce it when opportunities are distorted. It is shown that adaptability can aggravate distortions in the presence of political risk. Because efficiency affects the total factor productivity (TFP) of an economy, the model can explain how entrepreneurship influences TFP. The quantitative effect of firms' adaptability on TFP is investigated using the Census of Manufacturing in Japan.
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Paper provided by EconWPA in its series Macroeconomics with number
0406007.
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Date of creation: 06 Jun 2004Date of revision:
Handle: RePEc:wpa:wuwpma:0406007Note: Type of Document - pdfContact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Katsuya Takii, 2004.
"Fiscal Policy and Entrepreneurship ,"
Econometric Society 2004 Far Eastern Meetings
698, Econometric Society.
[Downloadable!]
Other versions:
Katsuya Takii, 2004.
"Fiscal Policy and Entrepreneurship ,"
Macroeconomics
0406006, EconWPA.
[Downloadable!] Katsuya Takii, 2004.
"Fiscal Policy and Entrepreneurship ,"
Econometric Society 2004 North American Summer Meetings
320, Econometric Society.
[Downloadable!] Takii, Katsuya, 2008.
"Fiscal policy and entrepreneurship ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 65(3-4), pages 592-608, March.
[Downloadable!] (restricted) Katsuya Takii, 2004.
"Entrepreneurial Efficiency: Theory ,"
Macroeconomics
0411005, EconWPA.
[Downloadable!]
Katsuya Takii, 2004.
"Entrepreneurial Efficiency: An Empirical Framework and Evidence ,"
Macroeconomics
0411006, EconWPA.
[Downloadable!]
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