Entrepreneurship and Economic Growth: An Obvious Conjunction?
This 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.
|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.|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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.:
- Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
- Acemoglu, Daron, 1995.
"Reward structures and the allocation of talent,"
European Economic Review,
Elsevier, vol. 39(1), pages 17-33, January.
- Baland, Jean-Marie & Francois, Patrick, 2000. "Rent-seeking and resource booms," Journal of Development Economics, Elsevier, vol. 61(2), pages 527-542, April.
- Kihlstrom, Richard E & Laffont, Jean-Jacques, 1979. "A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 719-48, August.
- Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1991.
"The Allocation of Talent: Implications for Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 106(2), pages 503-30, May.
- Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1990. "The Allocation of Talent: Implications for Growth," NBER Working Papers 3530, National Bureau of Economic Research, Inc.
- Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1990. "The Allocation of Talent: Implicationsfor Growth," University of Chicago - George G. Stigler Center for Study of Economy and State 65, Chicago - Center for Study of Economy and State.
- Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1993. "Why Is Rent-Seeking So Costly to Growth?," American Economic Review, American Economic Association, vol. 83(2), pages 409-14, May.
- David B. Audretsch, 1994. "Small business in Industrial Economies : the new learning," Revue d'Économie Industrielle, Programme National Persée, vol. 67(1), pages 21-39.
- Robert Tollison, 2012. "The economic theory of rent seeking," Public Choice, Springer, vol. 152(1), pages 73-82, July.
- Philip R. Lane & Aaron Tornell, 1999. "The Voracity Effect," American Economic Review, American Economic Association, vol. 89(1), pages 22-46, March.
- Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-46, September.
- Kanbur, S M, 1979. "Of Risk Taking and the Personal Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 769-97, August.
- Dutz, Mark A. & Ordover, Janusz A. & Willig, Robert D., 2000. "Entrepreneurship, access policy and economic development: Lessons from industrial organization," European Economic Review, Elsevier, vol. 44(4-6), pages 739-747, May.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpdc:0110010. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.