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dc.contributor.authorAudretsch, David B.en
dc.contributor.authorSanders, Marken
dc.date.accessioned2007-10-10-
dc.date.accessioned2009-07-27T09:20:47Z-
dc.date.available2009-07-27T09:20:47Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2007,003en
dc.subject.jelF01en
dc.subject.jelJ31en
dc.subject.jelO1en
dc.subject.jelP0en
dc.subject.ddc330en
dc.subject.stwGlobalisierungen
dc.subject.stwInnovationswettbewerben
dc.subject.stwProduktlebenszyklusen
dc.subject.stwKomparativer Kostenvorteilen
dc.subject.stwUnternehmeren
dc.subject.stwIndustriestaatenen
dc.titleGlobalization and the rise of the entrepreneurial economy-
dc.typeWorking Paperen
dc.identifier.ppn546281818en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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