EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/25578
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorAudretsch, David B.en_US
dc.contributor.authorSanders, Marken_US
dc.date.accessioned2007-10-10en_US
dc.date.accessioned2009-07-27T09:20:47Z-
dc.date.available2009-07-27T09:20:47Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25578-
dc.description.abstractThis 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.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,003en_US
dc.subject.jelF01en_US
dc.subject.jelJ31en_US
dc.subject.jelO1en_US
dc.subject.jelP0en_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwInnovationswettbewerben_US
dc.subject.stwProduktlebenszyklusen_US
dc.subject.stwKomparativer Kostenvorteilen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwIndustriestaatenen_US
dc.titleGlobalization and the rise of the entrepreneurial economyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn546281818en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

Files in This Item:
File Description SizeFormat
546281818.PDF1.36 MBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.