Freedom, barriers to entry, entrepreneurship, and economic progress

被引：102

作者：

Sobel R.S. ^{[1
]}

Clark J.R. ^{[2
]}

Lee D.R. ^{[3
]}

机构：

[1] Department of Economics, West Virginia University, Morgantown, WV 26506

[2] Scott L. Probasco Jr. Department of Free Enterprise, University of Tennessee, Chattanooga

[3] Ramsey Department of Private Enterprise, University of Georgia, Atlanta

来源：

The Review of Austrian Economics | 2007年 / 20卷 / 4期

关键词：

Barriers to entry; Creative destruction; Economic freedom; Entrepreneurship;

D O I：

10.1007/s11138-007-0023-3

中图分类号：

学科分类号：

摘要：

While entrepreneurs benefit from unrestricted free entry into markets, they have a time-inconsistent incentive to lobby for government entry restrictions once they become successful. Bad political institutions yield to these demands, and growing barriers are placed on domestic and international competition. Good institutions do not, and this effort is instead channeled toward further wealth creation. We find that productive entrepreneurship depends on both the freedom to succeed and discipline of failure that free markets provide. Trade barriers result in fewer combinations of goods and inputs attempted, and less productive entrepreneurial resource use. We also provide evidence on the value of business failure. © 2007 Springer Science+Business Media, LLC.

引用

页码：221 / 236

页数：15

共 33 条

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