Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54053
Authors: 
Gries, Thomas
Naudé, Wim
Year of Publication: 
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
O10
O14
L26
ISBN: 
978-92-9230-294-8
Document Type: 
Working Paper

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