Who Creates New Firms When Local Opportunities Arise?

Who Creates New Firms When Local Opportunities Arise? PDF Author: Shai Bernstein
Publisher: International Monetary Fund
ISBN: 1484377834
Category : Business & Economics
Languages : en
Pages : 73

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Book Description
New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local demand. We identify local demand shocks by linking fluctuations in global commodity prices to municipality level agricultural endowments in Brazil. We find that the firm creation response is almost entirely driven by young and skilled individuals, as measured by their level of experience, education, and past occupations involving creativity, problem-solving and managerial roles. In contrast, we find no such response within the same municipalities among skilled, yet older individuals, highlighting the importance of lifecycle considerations. These responsive individuals are younger and more skilled than the average entrepreneur in the population. The entrepreneurial response of young individuals is larger in municipalities with better access to finance, and in municipalities with more skilled human capital. These results highlight how the characteristics of the local population can have a significant impact on the entrepreneurial responsiveness of the economy.

Who Creates New Firms When Local Opportunities Arise?

Who Creates New Firms When Local Opportunities Arise? PDF Author: Shai Bernstein
Publisher: International Monetary Fund
ISBN: 1484377834
Category : Business & Economics
Languages : en
Pages : 73

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Book Description
New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local demand. We identify local demand shocks by linking fluctuations in global commodity prices to municipality level agricultural endowments in Brazil. We find that the firm creation response is almost entirely driven by young and skilled individuals, as measured by their level of experience, education, and past occupations involving creativity, problem-solving and managerial roles. In contrast, we find no such response within the same municipalities among skilled, yet older individuals, highlighting the importance of lifecycle considerations. These responsive individuals are younger and more skilled than the average entrepreneur in the population. The entrepreneurial response of young individuals is larger in municipalities with better access to finance, and in municipalities with more skilled human capital. These results highlight how the characteristics of the local population can have a significant impact on the entrepreneurial responsiveness of the economy.

Entrepreneurship: A Very Short Introduction

Entrepreneurship: A Very Short Introduction PDF Author: Paul Westhead
Publisher: Oxford University Press
ISBN: 0199670544
Category : Business & Economics
Languages : en
Pages : 177

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Book Description
What is entrepreneurship? Is it important? What do entrepreneurs actually do? These are a few of the key questions considered in this Very Short Introduction. Paul Westhead and Mike Wright provide a clear guide to all aspects of the process of entrepreneurship, including the diversity of the people involved and the benefits it brings to society.

The Handbook of Economic Development and Institutions

The Handbook of Economic Development and Institutions PDF Author: Jean-Marie Baland
Publisher: Princeton University Press
ISBN: 0691192014
Category : Business & Economics
Languages : en
Pages : 786

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Book Description
The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Contemporary Issues in International Business

Contemporary Issues in International Business PDF Author: Davide Castellani
Publisher: Springer
ISBN: 3319702203
Category : Business & Economics
Languages : en
Pages : 331

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Book Description
The ACADEMY OF INTERNATIONAL BUSINESS (UK and Ireland Chapter) Published in association with the UK and Ireland Chapter of the Academy of International Business. This brand new edited collection addresses the growing uncertainty and socio-economic challenges of globalisation and its profound implications for the strategies and operations of multinational enterprises (MNEs). Responding to the new balance in international business, the authors offer valuable insights into the co-evolutionary processes involved in headquarters-subsidiary relationships, the need for novel strategies by MNEs to retain competitive advantage, improve performance and contribute to the global economy.

Local Management for More Effective Employment Policies

Local Management for More Effective Employment Policies PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264162720
Category :
Languages : en
Pages : 104

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Book Description
This publication looks at the decentralisation of active labour market policies in OECD countries and shows how local employment management can lead to the implementation of more effective policies.

Road Infrastructure, Inclusive Development and Traffic Safety in Korea

Road Infrastructure, Inclusive Development and Traffic Safety in Korea PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264255516
Category :
Languages : en
Pages : 150

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Book Description
This report combines empirical research on the relationship between road infrastructure, inclusive economic development and traffic safety with an assessment of policies and governance structures to help governments find ways to create effective, safe and inclusive transport infrastructures.

Society 5.0

Society 5.0 PDF Author: Hitachi-UTokyo Laboratory(H-UTokyo Lab.)
Publisher: Springer Nature
ISBN: 9811529892
Category : Social Science
Languages : en
Pages : 177

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Book Description
This open access book introduces readers to the vision on future cities and urban lives in connection with “Society 5.0”, which was proposed in the 5th Basic Science and Technology Plan by Japan’s national government for a technology-based, human-centered society, emerging from the fourth industrial revolution. The respective chapters summarize the findings and suggestions of joint research projects conducted by H-UTokyo Lab. Through the research collaboration and discussion, this book explores the future urban lives under the concept of “Society 5.0”, characterized by the key phrases of data-driven society, knowledge-intensive society, and non-monetary society, and suggests the directionality to which the concept should aim as Japan’s technology-led national vision. Written by Hitachi’s researchers as well as academics from a wide range of fields, including engineering, economics, psychology and philosophy at The University of Tokyo, the book is a must read for members of the general public interested in urban planning, students, professionals and researchers in engineering and economics.

Evolutionary Economic Geography

Evolutionary Economic Geography PDF Author: Dieter Kogler
Publisher: Routledge
ISBN: 1317358104
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
Economic geographers increasingly consider the significance of history in shaping the contemporary socio-economic landscape, and increasingly believe that experiences and competencies, acquired over time by individuals and entities in particular localities, to a large degree determine present configurations as well as future regional trajectories. Attempts to trace, understand, and investigate the pathways from past to present have given rise to the thriving and exciting sub-field of Evolutionary Economic Geography (EEG). EEG highlights the important factors that initiate, inhibit, or consolidate the contextual settings and relationships in which regions and their respective agents, which comprise and shape economic activity and social reproduction, change over time. It has at its core the production and destruction of novelty in space, and the links between innovation and regional economic fortunes. The creation of knowledge, its movement and recombination within different regional ensembles of economic agents and institutions plays a critical role in the evolution of the space-economy. EEG provides a framework to disentangle the complexity of technological change and regional economic development based on a variety of theoretical and methodological approaches. In only a short time, EEG has established itself as a promising and rapidly evolving research framework with its focus on the driving forces of regional development across various scales and its attempt to translate findings into public policy. This book advances the theoretical foundations of EEG, and demonstrates how EEG utilises and operationalises conceptual frameworks, both established and new. Contributions also point to future research avenues and extensions of EEG, attempting to build stronger ties between theory, empirical evidence, and relevance to policy. This book was originally published as a special issue of Regional Studies.

The OECD Innovation Strategy Getting a Head Start on Tomorrow

The OECD Innovation Strategy Getting a Head Start on Tomorrow PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264083472
Category :
Languages : en
Pages : 226

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Book Description
This book provides a set of principles for fostering innovation in people (workers and consumers), in firms and in government, taking an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring.

Extractive Industries

Extractive Industries PDF Author: Tony Addison
Publisher: Oxford University Press
ISBN: 0198817363
Category : Business & Economics
Languages : en
Pages : 766

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Book Description
"A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)".