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Title:Total factor productivity and the role of entrepreneurship PDF Logo
Authors:Erken, Hugo
Donselaar, Piet
Thurik, A. Roy
Issue Date:2008
Series/Report no.:Jena economic research papers 2008,019
Abstract:Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of business owners per workforce) corrected for the level of economic development (GDP per capita).
Subjects:Total factor productivity
research and development
entrepreneurship
OECD
JEL:E20
L26
M13
O10
O30
O40
O50
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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