Decoupling Entrepreneurship Capital from Capital Stock

Dennis Ridley () and Abdullah Khan ()
Additional contact information
Dennis Ridley: Professor, School of Business & Industry, Florida A&M University and Dept. of Scientific Computing, Florida State University, Tallahassee, Fl.
Abdullah Khan: Associate professor, School of Business, Claflin University

Bulletin of Political Economy, 2019, vol. 13, issue 1, 85-94

Abstract: Per capita real gross domestic product adjusted for purchasing power parity (G) is parsimoniously explained by capitalism (C), democracy (D) and rule of law(R). G is estimated from a CDR index equal to the vector inner (dot) product of global invariant parameters [1.53 0.14 0.23 -1.21] and country specific [C D R C·D·R]. The data are for year 2014 and 79 countries that represent practically all people in the world. C is measured by total capitalization then split into human capital of entrepreneurship imagination and creativity and capital stock of knowledge, machines, computers, training, recording devices etc. The contribution of entrepreneurship to G is found to be 6 times that of capital stock.

Keywords: CDR index; GDP; Capitalism; Democracy; Rule of Law; Entrepreneurship (search for similar items in EconPapers)
JEL-codes: E02 P16 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://serialsjournals.com/abstract/39426_4-redley.pdf (application/pdf)
https://www.bulletinofpe.com/dennis-ridley-abdullah-khan-20191 (text/html)

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: https://EconPapers.repec.org/RePEc:awu:journl:v:13:y:2019:i:1:p:85-94

Access Statistics for this article

More articles in Bulletin of Political Economy from Bulletin of Political Economy
Bibliographic data for series maintained by Maria Cristina Barbieri Goes ().