We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed … actual entrepreneurs …

entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth … heterogeneous risk averse entrepreneurs competing to catch up with firms. This model is unique in that both household wealth …

We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced … entrepreneurs into mainstream economics. Specifically, we analyze how neo-Schumpeterians relate to the contradiction between the …

. According to the Schumpeter banks should stimulate innovations implemented by entrepreneurs in the economy. Unfortunately the … Schumpeter credit contributes to the development, because development results from the activities of entrepreneurs. Other types …