The global technology frontier productivity growth and the relevance of Kirznerian and Schumpeterian entrepreneurship

We evaluate how country-level entrepreneurship—measured via the national system of entrepreneurship—triggers total factor productivity (TFP) by increasing the effects of Kirznerian and Schumpeterian entrepreneurship. Using a database for 45 developed and developing countries during 2002–2013, we emp...

Celý popis

Uloženo v:
Podrobná bibliografie
Vydáno v:Small business economics Ročník 55; číslo 1; s. 153 - 178
Hlavní autoři: Lafuente, Esteban, Acs, Zoltan J., Sanders, Mark, Szerb, László
Médium: Journal Article Publikace
Jazyk:angličtina
Vydáno: New York Springer Science + Business Media 01.06.2020
Springer US
Springer Nature B.V
Springer
Témata:
Business and Management
Common factor model
Competition
Competència econòmica
Developing countries
Economic models
Emprenedoria
Entrepreneurship
Industrial Organization
International
LDCs
Management
Microeconomics
National system of entrepreneurship
Parameter heterogeneity
Policy making
Productivity
Technical change
Technology
Total factor productivity
L26
Technical change
O1
Common factor model
C23
E23
Total factor productivity
National system of entrepreneurship
M13
Parameter heterogeneity
International
ISSN:0921-898X, 1573-0913
On-line přístup:Získat plný text
Tagy: Přidat tag
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
Popis
Shrnutí:We evaluate how country-level entrepreneurship—measured via the national system of entrepreneurship—triggers total factor productivity (TFP) by increasing the effects of Kirznerian and Schumpeterian entrepreneurship. Using a database for 45 developed and developing countries during 2002–2013, we employ non-parametric techniques to build a world technology frontier and compute TFP estimates. The results of the common factor models reveal that the national system of entrepreneurship is a relevant conduit of TFP, and that this effect is heterogeneous across countries. Policies supporting Kirznerian entrepreneurship—e.g., increased business formation rates—may promote the creation of low value-adding businesses which is not associated with higher TFP rates. Policy interventions targeting Schumpeterian entrepreneurship objectives—e.g., innovative entrepreneurship and the development of new technologies—are conducive to technical change by promoting upward shifts in the countries’ production function and, consequently, productivity growth.
Bibliografie:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-019-00140-1