Entrepreneurs and their impact on jobs and economic growth

Alexander Kritikos

IZA World of Labor, 2024, No 8.v2, 8.v2

Abstract: Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1–2% of the work force starts a business in any given year. Yet entrepreneurs, particularly innovative entrepreneurs, are vital to the competitiveness of the economy and may establish new jobs. The gains of entrepreneurship are only realized, however, if the business environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in the medium term through “creative destruction†as entrepreneurs strive for increased productivity.

Keywords: Entrepreneurs; job creation; economic growth; Competition; Innovation; productivity; regulation (search for similar items in EconPapers)
JEL-codes: D81 J23 L26 M13 (search for similar items in EconPapers)
Date: 2024
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Journal Article: Entrepreneurs and their impact on jobs and economic growth (2014)
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