Entrepreneurship and Growth - An Overlapping Generations Approach

This paper discusses a two-sector neoclassical overlapping generationseconomy with intermediate and final goods in the spirit of Romer(1990). The risk averse agents engage in one of two alternative occupations:either firm-ownership in the intermediate goods sector, characterizedby monopolistic competition, or employment as a worker inthis sector. The occupational choice under risk endogenizes the numberof firms and products in the intermediate goods industry.[...]

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Year of publication:	2004-10-01
Authors:	Clemens, Christiane
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Wirtschaftswachstum \| Berufswahl \| Monopolistische Konkurrenz

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1 Introduction
2 The Model
3 Market Equilibrium
4 Comparative Statics
5 Convergence and Endogenous Growth
6 Conclusion and Directions for further Research
References

Persistent link: https://www.econbiz.de/10005867614