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In this paper, we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to...
Persistent link: https://www.econbiz.de/10011001838
The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of … entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation … outcomes. We hypothesize that a high rate of entrepreneurship facilitates the process of turning knowledge into new …
Persistent link: https://www.econbiz.de/10010849025
This study documents that the survival of start-ups is central in explaining the relationship between entry and regional employment growth. Distinguishing between start-ups according to the period of their survival shows that the positive effect of new business formation on employment growth is...
Persistent link: https://www.econbiz.de/10010849032
The twentieth century United States provides a natural experiment to measure the strength and persistence of entrepreneurial cultures. Assuming immigrants bear the cultures of their birth place, comparison of revealed entrepreneurial propensities of US immigrant groups in 1910 and 2000 reflected...
Persistent link: https://www.econbiz.de/10010849053
The ability to adjust to structural change is vital to economic development, and entries can be active participants in this process. While the importance of factor reallocations for growth is widely discussed, the role of entrepreneurs in managing these reallocations is currently not well...
Persistent link: https://www.econbiz.de/10010849057
Entrepreneurship is critical to job creation and economic growth. Unemployment in South Africa is presently at about 25 … challenge. Entrepreneurship, through the creation of new ventures and expansion of business firms, can make a difference to … the entrepreneurial environmental conditions in South Africa and then examines how entrepreneurship can make a difference …
Persistent link: https://www.econbiz.de/10010883086
key differences between entrepreneurs and non-entrepreneurs' perceptions and attitudes toward entrepreneurship. More than … in the UAE. Arab expatriates in particular, have higher entrepreneurship rates compared to other nationality groups … factors like income and employment have a significant influence in determining entrepreneurship activity in the UAE …
Persistent link: https://www.econbiz.de/10010883090
survival entrepreneurial clusters can evolve into innovative industrial networks. By conceptualizing survival entrepreneurship …
Persistent link: https://www.econbiz.de/10010883091
Public Policies are vital for unleashing and fostering entrepreneurship in every society. This paper reviewed the … international documents and reports to examine the state and nature of the entrepreneurship policies in Kenya, Rwanda and Tanzania … findings, an entrepreneurship policy framework was developed that takes into account the type and level of entrepreneurship …
Persistent link: https://www.econbiz.de/10010933650
This article aims to provide some elements of an evolutionary theory of property rights. It applies a systems …
Persistent link: https://www.econbiz.de/10011001823