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El capital empresarial como determinante de la productividad y el crecimiento en España
[The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]

  • Massón Guerra, José Luis

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/4073/1/MPRA_paper_4073.pdf
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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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