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Jena Economic Research Papers, MPI für Ökonomik >
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http://hdl.handle.net/10419/25578
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| DC Field | | Value | | Language |
| dc.contributor.author | | Audretsch, David B. | | en_US |
| dc.contributor.author | | Sanders, Mark | | en_US |
| dc.date.accessioned | | 2007-10-10 | | en_US |
| dc.date.accessioned | | 2009-07-27T09:20:47Z | | - |
| dc.date.available | | 2009-07-27T09:20:47Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/25578 | | - |
| dc.description.abstract | | This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated with outward foreign direct investment (offshoring), and the widespread diffusion of a general purpose technology such as ICT. The im-pact of these exogenous shocks is then analyzed in a variety expansion model that distinguishes among three types of varieties. Following the life cycle we distinguish among new, mature and offshore production. The above shocks all result in a shift in comparative advantage in developed countries towards new varieties which corres-pond to the early stage of the product life cycle. Moreover, because entrepreneurs serve as agents that move varieties between life cycle stages, their importance in-creases due to globalization. The many new opportunities for profit benefit entrepre-neurs and skilled labor. By contrast, factors of production employed in the mature stages of the life cycle become less important. Thus, the model explains the emer-gence of what we label an entrepreneurial economy. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Universität Jena und Max-Planck-Institut für Ökonomik Jena | | en_US |
| dc.relation.ispartofseries | | Jena economic research papers 2007,003 | | en_US |
| dc.subject.jel | | F01 | | en_US |
| dc.subject.jel | | J31 | | en_US |
| dc.subject.jel | | O1 | | en_US |
| dc.subject.jel | | P0 | | en_US |
| dc.subject.stw | | Globalisierung | | en_US |
| dc.subject.stw | | Innovationswettbewerb | | en_US |
| dc.subject.stw | | Produktlebenszyklus | | en_US |
| dc.subject.stw | | Komparativer Kostenvorteil | | en_US |
| dc.subject.stw | | Unternehmer | | en_US |
| dc.subject.stw | | Industriestaaten | | en_US |
| dc.title | | Globalization and the rise of the entrepreneurial economy | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 546281818 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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