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Entrepreneurs and their impact on jobs and economic growth

Alexander Kritikos ()

IZA World of Labor, 2014, No 8, 8

Abstract: Entrepreneurs 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. 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; regulation (search for similar items in EconPapers)
JEL-codes: D81 J23 M13 L26 (search for similar items in EconPapers)
Date: 2014
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