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http://hdl.handle.net/10419/54053
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| Title: | | Entrepreneurship, structural change and a global economic crisis  |
| Authors: | | Gries, Thomas Naudé, Wim |
| Issue Date: | | 2010 |
| Series/Report no.: | | Working paper // World Institute for Development Economics Research 2010,57 |
| Abstract: | | Building on a Lewis-type model of structural change and entrepreneurship we show how a global economic crisis consisting of a financial and a trade shock can undermine structural change in developing countries via the start-up and innovation activities of entrepreneurs. The model analytics identifies a number of challenges for structural change in a post-crisis world, including dealing with greater bank concentration, higher costs of bank monitoring and stricter regulations and collateral requirements, flights-to-safety in global finance and reduced incentives for innovation and job-creating start-up activities. |
| Subjects: | | entrepreneurship global economic crisis structural change |
| JEL: | | M13 : L26 O10 O14 |
| ISBN: | | 978-92-9230-294-8 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Working Papers, United Nations University (UNU)
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