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El capital empresarial como determinante de la productividad y el crecimiento en España

The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth

José Luis Massón Guerra
Authors registered in the RePEc Author Service: José Luis Massón-Guerra ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the role of entrepreneurship capital as a new explanatory factor of Spanish Labor Productivity of Economic Sectors. Based on the Audretsch and Keilbach’s Model (2004a) that measure the capacity of generating new enterprises, the methodology incorporates this capacity as a new “capital” into a Cobb-Douglas Production Function (1928). Using secondary data from 75 Spanish economic sectors and supported by Resource Based View, Dynamic Capacities, and Endogenous Growth Theories, the results reveals that the creation of small enterprises shows a strong impact in the productivity and the sectorial Spanish growth.

Keywords: Entrepreneurship Capital; Economic Growth; Economic Development; Knowledge Capital (search for similar items in EconPapers)
JEL-codes: M13 O47 R11 (search for similar items in EconPapers)
Date: 2007-07-06
New Economics Papers: this item is included in nep-eff, nep-ent, nep-geo, nep-hrm and nep-ino
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