Entrepreneurship Capital and Economic Performance

Arbeitspapier

The neoclassical model of the production, as applied by Robert Solow to built the neoclassical model of growth, linked labor and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. In this paper we introduce a new factor, entrepreneurship capital and why it should influence economic output. A production function model including several different measures of entrepreneurship capital is then estimated for german regions. The results indicate that entrepreneurship capital is a significant and important factor shaping output and productivity. These results suggest a new direction for policy that focuses on instruments to enhance entrepreneurship capital.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Papers on Entrepreneurship, Growth and Public Policy ; No. 0104

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Management of Technological Innovation and R&D ; New Firms; Startups
• Thema: Produktionsfunktion ; Produktionsfaktor ; Unternehmer ; Unternehmensgründung ; Schätzung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Audretsch, David B. ; Keilbach, Max
• Ereignis: Veröffentlichung
• (wer): Max Planck Institute for Research into Economic Systems
• (wo): Jena
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19946
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ