Entrepreneurship and Economic Growth: An Obvious Conjunction?

Development and Comp Systems from EconWPA

Abstract: This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect the individual arbitrage between different professional occupations (including entrepreneurship) and expected payoffs. The second question is concerned with the types of activities to which the individual directs his talents. We distinguish between entrepreneurship and rent-seeking. The impact on economic growth is assessed in static and dynamic frameworks.

Keywords: entrepreneurship; economic growth; rent-seeking (search for similar items in EconPapers)
JEL-codes: O12 J23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-ent and nep-tid
Date: Written 2001-10-30
Note: Type of Document - Pdf; pages: 17 . Introductory Discussion Paper Ref. IDS DP 2000-08, Indiana University, Bloomington.
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpdc:0110010

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