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Entrepreneurship and macroeconomic performance
This paper develops a formal model of the impact of entrepreneurship on macroeconomic performance. It examines the role of entrepreneurs in creating markets for novel products. Entrepreneurs take over the coordination role that in traditional neoclassical economic models is performed by the Walrasian auctioneer. Entrepreneurs specialize in collecting information that permits them to make judgmental decisions about innovation. The quality of their judgment determines the success of innovations, and thereby impacts the long-run performance of the economy. The model demonstrates rigorously that constraints on the supply of entrepreneurship reduce economic performance, and serves to identify the policy instruments that can improve performance by alleviating these constraints. .Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | New York: John Wiley & Sons 2007 |
|---|---|
| Edisi | Vol 1 No. 3-4, Dec. 2007 |
| Subjek | Performance Innovation Entrepreneurship Information Judgment Macroeconomy |
| ISBN/ISSN | 1932-4391 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 23 p. |
| Info Detail Spesifik | Strategic Entrepreneurship Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |