Total factor productivity and the role of entrepreneurship

Hugo Erken (h.p.g.erken@minez.nl), Piet Donselaar and Roy Thurik
Additional contact information
Hugo Erken: Ministry of Economic Affairs, Erasmus University Rotterdam
Piet Donselaar: Ministry of Economic Affairs

No 2008-019, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added - in all models there is a significant influence of entrepreneurship while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of business owners per workforce) corrected for the level of economic development (GDP per capita).

Keywords: Total factor productivity; research and development; entrepreneurship; OECD (search for similar items in EconPapers)
JEL-codes: E20 L26 M13 O10 O30 O40 O50 (search for similar items in EconPapers)
Date: 2008-03-14
New Economics Papers: this item is included in nep-bec, nep-eff, nep-ent, nep-ino and nep-mac
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Citations: View citations in EconPapers (18)

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Journal Article: Total factor productivity and the role of entrepreneurship (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2008-019

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