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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Papers on Entrepreneurship, Growth and Public Policy ; No. 0104

Classification and Topics

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

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Audretsch, David B. ; Keilbach, Max
• Event: Veröffentlichung
• (who): Max Planck Institute for Research into Economic Systems
• (where): Jena
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/19946
• Last update: 10.03.2025, 11:43 AM CET