EconPapers    
Economics at your fingertips  
 

Entrepreneurial types and economic growth

Maria Minniti and Moren Lévesque

Journal of Business Venturing, 2010, vol. 25, issue 3, pages 305-314

Abstract: Most literature on economic growth focuses on expenditure in research and development (R&D) because of its ability to produce technological change. Models based on this principle, however, fail to account for the exceptional growth exhibited in recent year by country such as China where R&D expenditure is virtually non-existing and for the lack of growth observed in countries such as Japan where R&D expenditure is significant. We propose a model in which entrepreneurs may be research-based (those incurring R&D expenditure) or imitators (those not incurring R&D expenditure) and show that, when the returns to R&D expenditure are low, such as in many emerging economies, the presence of a high number of imitative entrepreneurs who increase competition and product supply is sufficient to generate economic growth regardless of the distribution of activity between research-based and imitative and in spite of low R&D expenditure.

Keywords: Entrepreneur; Entrepreneurship; Imitators; Economic; growth (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6VDH ... 56531f1737f663ceb61f
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:jbvent:v:25:y:2010:i:3:p:305-314

Access Statistics for this article

Journal of Business Venturing is edited by S. Venkataraman

More articles in Journal of Business Venturing from Elsevier
Series data maintained by Zhang, Lei ().

 
Page updated 2013-12-22
Handle: RePEc:eee:jbvent:v:25:y:2010:i:3:p:305-314