IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Entrepreneurship, Management Servicesand Economic Growth

Listed author(s):
  • Vicente Salas Fumás


    (Departamento de Economía y Dirección de Empresas. Facultad de Ciencias Económicas y Empresariales. Universidad de Zaragoza)

  • J. Javier Sánchez Asín


    (Departamento de Economía y Dirección de Empresas. Facultad de Ciencias Económicas y Empresariales. Universidad de Zaragoza)

Registered author(s):

    We set out to model the joint production of entrepreneurs and workers assuming that the former contribute to the output of the firm by making entrepreneurial decisions (with increasing returns), and managing the productive resources (with decreasing returns). The model explains the equilibrium output of the representative firm and the equilibrium share of entrepreneurs in the working population, as a function of the quality of the entrepreneur and of the elasticity of output to the entrepreneur’s management services. The time dynamics of the solution imply that the contribution to labor productivity growth from increases in the quality of entrepreneurs over time is higher in countries with a larger starting share of entrepreneurs and higher in countries with lower starting labor productivity (convergence enhancing). The model predictions are tested with data from OECD countries for the period 1970-2002. We find that improvements in the quality of entrepreneurs can make a substantial contribution to economic growth by means of more productive management services.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza in its series Documentos de Trabajo with number dt2007-03.

    in new window

    Date of creation: Mar 2007
    Handle: RePEc:zar:wpaper:dt2007-03
    Contact details of provider: Postal:
    Gran via, 2 50005 Zaragoza

    Fax: 976 76 19 96
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:zar:wpaper:dt2007-03. 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: (Vicente Pinilla)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.