Arbeitspapier
Entrepreneurship, Institutions and Skills in Low-Income Countries
This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including about 100 countries. Both theoretical and empirical results suggest that to move the economy into a productive equilibrium, complementarity matters: reforms to improve the business environment tend to be more effective in creating productive firms when accompanied by narrowing skill gaps. Similarly, more conducive business regulations amplify the positive impact on firm creation of better education and reduced skill mismatches. To escape a low-productivity trap, policymakers should thus create a pro-business framework and a wellfunctioning education system.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6451
Entrepreneurship
Human Capital; Skills; Occupational Choice; Labor Productivity
Particular Labor Markets: Public Policy
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
institutions
education
low-income countries
threshold regression
Egert, Balazs
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Brixiova, Zuzana
- Egert, Balazs
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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