Titelaufnahme

Titel
The role of entrepreneurial human capital as a driver of endogenous economic growth / Isaac Ehrlich (University at Buffalo, UB Center for Human Capital, NBER, and IZA), Dunli Li (University College London), Zhiqiang Liu (University at Buffalo and Central University of Finance and Economics) ; IZA Institute of Labor Economics
VerfasserEhrlich, Isaac In der Gemeinsamen Normdatei der DNB nachschlagen ; Li, Dunli ; Liu, Zhiqiang In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2017
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Elektronische Ressource
Umfang1 Online-Ressource (48 Seiten)
SerieDiscussion paper ; no. 11048
URNurn:nbn:de:hbz:5:2-139358 Persistent Identifier (URN)
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The role of entrepreneurial human capital as a driver of endogenous economic growth [0.71 mb]
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Zusammenfassung

We model investment in entrepreneurial human capital (EHC) - the representative enterprise's share of production capacity allocated to investment in innovative industrial and commercial knowledge - as a distinct channel through which firm-specific human capital drives endogenous growth. Our model suggests that institutional factors supporting free markets for goods and ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the efficiency of investment in EHC rather than exclusively by themselves. We test these implications using data from Global Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses.