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dc.contributor.authorvan Praag, C. Mirjamen
dc.contributor.authorVersloot, Peter H.en
dc.date.accessioned2007-10-23-
dc.date.accessioned2009-07-27T09:39:23Z-
dc.date.available2009-07-27T09:39:23Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/25625-
dc.description.abstractThis paper examines to what extent recent empirical evidence can collectively and systematically substantiate the claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative contribution of entrepreneurs to the economy based on four measures that have most widely been studied empirically. Hence, we answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e. the ‘control group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels. Based on 57 recent studies of high quality that contain 87 relevant separate analyses, we conclude that entrepreneurs have a very important – but specific – function in the economy. They engender relatively much employment creation, productivity growth and produce and commercialize high quality innovations. They are more satisfied than employees. More importantly, recent studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all companies in the region in the long run. However, the counterparts cannot be missed either as they account for a relatively high value of GDP, a less volatile and more secure labor market, higher paid jobs and a greater number of innovations and they have a more active role in the adoption of innovations.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2007,061en
dc.subject.jelD24en
dc.subject.jelD31en
dc.subject.jelE23en
dc.subject.jelE24en
dc.subject.jelJ21en
dc.subject.jelJ28en
dc.subject.jelJ31en
dc.subject.jelL26en
dc.subject.jelM13en
dc.subject.ddc330en
dc.subject.keywordentrepreneuren
dc.subject.keywordentrepreneurshipen
dc.subject.keywordself-employmenten
dc.subject.keywordproductivityen
dc.subject.keywordeconomic developmenten
dc.subject.keywordgrowthen
dc.subject.keywordemploymenten
dc.subject.keywordinnovationen
dc.subject.keywordpatentsen
dc.subject.keywordR&Den
dc.subject.keywordutilityen
dc.subject.keywordremunerationen
dc.subject.keywordincomeen
dc.subject.stwUnternehmeren
dc.subject.stwSelbstständigeen
dc.subject.stwProduktivitäten
dc.subject.stwWirtschaftswachstumen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwInnovationen
dc.titleWhat is the value of entrepreneurship?: a review of recent research-
dc.typeWorking Paperen
dc.identifier.ppn547173849en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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