The Allocation of Entrepreneurial Talent under Imeperfect Lending Decisions

Alberto Zazzaro ()

No 157, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: An argument commonly adduced to explain differences in economic development among regions is the scarcity of entrepreneurial talent in less developed regions. This paper disputes this idea, pointing out that in less developed regions the scant diffusion of innovative entrepreneurial activities is essentially due to the allocation of existing talent to traditional or non-entrepreneurial activities rather than to a lack of entrepreneurial spirit. In particular, this paper argues that in peripheral and less developed regions the greater difficulties encountered by banks in correctly evaluating entrepreneurial talent may be a major factor in preventing existing entrepreneurial talent from being fully exploited.

Keywords: Allocation of talent; anticipated credit rationing; credit constraints (search for similar items in EconPapers)
JEL-codes: G14 G21 J22 (search for similar items in EconPapers)
Pages: 37
Date: 2001-11
References: Add references at CitEc
Citations: View citations in EconPapers (8)

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Journal Article: The Allocation of Entrepreneurial Talent under Imperfect Lending Decisions (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:157

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