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https://hdl.handle.net/10419/25578
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DC Field | Value | Language |
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dc.contributor.author | Audretsch, David B. | en |
dc.contributor.author | Sanders, Mark | en |
dc.date.accessioned | 2007-10-10 | - |
dc.date.accessioned | 2009-07-27T09:20:47Z | - |
dc.date.available | 2009-07-27T09:20:47Z | - |
dc.date.issued | 2007 | - |
dc.identifier.uri | http://hdl.handle.net/10419/25578 | - |
dc.description.abstract | This 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.iso | eng | en |
dc.publisher | |aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJena | en |
dc.relation.ispartofseries | |aJena Economic Research Papers |x2007,003 | en |
dc.subject.jel | F01 | en |
dc.subject.jel | J31 | en |
dc.subject.jel | O1 | en |
dc.subject.jel | P0 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Globalisierung | en |
dc.subject.stw | Innovationswettbewerb | en |
dc.subject.stw | Produktlebenszyklus | en |
dc.subject.stw | Komparativer Kostenvorteil | en |
dc.subject.stw | Unternehmer | en |
dc.subject.stw | Industriestaaten | en |
dc.title | Globalization and the rise of the entrepreneurial economy | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 546281818 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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