Entrepreneurship and Growth — An Overlapping Generations Approach —

@inproceedings{ClemensEntrepreneurshipAG,
  title={Entrepreneurship and Growth — An Overlapping Generations Approach —},
  author={Christiane Clemens}
}
This paper discusses a two–sector neoclassical overlapping generations economy with intermediate and final goods in the spirit of Romer (1990). The risk averse agents engage in one of two alternative occupations: either firm–ownership in the intermediate goods sector, characterized by monopolistic competition, or employment as a worker in this sector. The occupational choice under risk endogenizes the number of firms and products in the intermediate goods industry. Since entrepreneurial profits… CONTINUE READING

Citations

Publications citing this paper.
Showing 1-10 of 18 extracted citations

References

Publications referenced by this paper.
Showing 1-10 of 37 references

A Theory of Trickle–Down Growth and Development

  • Aghion, Philippe, Bolton, Patrick
  • Review of Economic Studies,
  • 1997
Highly Influential
8 Excerpts

Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe, NBER Working Paper Series 10165

  • Desai, Mihir, Gompers, Paul, Lerner, Josh
  • 2003
1 Excerpt

Entrepreneurship, NBER Working Paper Series 9109

  • Lazear, P Edward
  • National Bureau of Economic Research,
  • 2002

Income Redistribution and Risky Occupational Choices

  • Poutvaara, Panu
  • Topics in Economic Analysis & Policy,
  • 2002

Low Risk Aversion Encourages the Choice for Entrepreneurship: An Empirical Test of a Truism

  • J. S. Cramer, J. Hartog, N. Jonker, C. M. Van Praag
  • Journal of Economic Behavior and Organization,
  • 2002
3 Excerpts

Where do Entrepreneurs come from?, mimeo

  • Irigoyen, Claudio
  • 2002

Similar Papers

Loading similar papers…