Putting to Work the Model of Entrepreneurship in Japan
Chapter Chapter 11 in The Entrepreneur in Rule-Based Economics, 2017, pp 115-129 from Springer
Abstract In order to optimise inferences on the changing sub-system (CSS) of entrepreneurship in Japan, we split the system of factor rules (SFR) into its changing and meta-stable parts: CSS and MSSS (changing and meta-stable sub-systems). Minimum capital requirements, perceived cost of capital, fear of unemployment, business sentiment, the rise of non-regular employment, and demographic change (via an indirect mechanism) are part of the CSS as the causative core of the SFR. We next identify subgroups of agents by comparing the socio-economic profile of the Japanese “founder force” with that of the general workforce. We then uses susceptibility to CSS rules as the differentiating criterion for the identification of subgroups of agents, which—in turn—enables the formulation of subgroup-specific hypotheses.
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