Entrepreneurship capital and economic performance

被引:494
作者
Audretsch, DB [1 ]
Keilbach, M [1 ]
机构
[1] Max Planck Inst Erforsch von Wirtschaftssyst, Res Grp Entrepreneurship Growth & Publ Policy, D-07745 Jena, Germany
关键词
production function; entrepreneurship capital; regional economic performance;
D O I
10.1080/0034340042000280956
中图分类号
F [经济];
学科分类号
02 ;
摘要
Entrepreneurship capital and economic performance, Regional Studies 38, 949-959. The neoclassical model of the production function, as applied by Solow when building the neoclassical model of growth, linked labour and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. This paper introduces a new factor, entrepreneurship capital, and links it to output in the context of a production function model. It explains what is meant by entrepreneurship capital and why it should influence economic output. A production function model including several different measures of entrepreneurship capital is then estimated for German regions. The results indicate that entrepreneurship capital is a significant and important factor shaping output and productivity. The results suggest a new direction for policy that focuses on instruments to enhance entrepreneurship capital.
引用
收藏
页码:949 / 959
页数:11
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