Entrepreneurship, Structural Change and a Global Economic Crisis

Thomas Gries and Wim Naudé

Entrepreneurship Research Journal, 2011, vol. 1, issue 3, 43

Abstract: Building on a Lewis-type model of structural change and entrepreneurship we illustrate how a global economic crisis consisting of a financial and a trade shock can undermine structural change in developing countries via the start-up and innovation activities of entrepreneurs. The model analytics identifies a number of challenges for structural change in a post-crisis world, including dealing with greater bank concentration, higher costs of bank monitoring and stricter regulations and collateral requirements, flights-to-safety in global finance and reduced incentives for innovation and job-creating start-up activities.

Keywords: entrepreneurship; global economic crisis; structural change (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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DOI: 10.2202/2157-5665.1029

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