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Title:Entrepreneurship, structural change and a global economic crisis PDF Logo
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
O10
O14
L26
ISBN:978-92-9230-294-8
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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