Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 0000-00-00
Number: 09-034/3
Author-Name: Hugo Erken
Author-Workplace-Name: Ministry of Economic Affairs, The Hague
Author-Name: Piet Donselaar
Author-Workplace-Name: Ministry of Economic Affairs, The Hague
Author-Name: Roy Thurik
Author-Workplace-Name: Erasmus School of Economics, Erasmus Universiteit Rotterdam, EIM Business and Policy Research, Zoetermeer
Title: Total Factor Productivity and the Role of Entrepreneurship
Abstract: Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of business owners per workforce) corrected for the level of economic development (GDP per capita).
Classification-JEL: E20, L26, M13, O10, O30, O40, O50
Keywords: Total factor productivity, research and development, entrepreneurship, OECD
File-Url: https://papers.tinbergen.nl/09034.pdf
File-Format: application/pdf
File-Size: 553166 bytes
Handle: RePEc:tin:wpaper:20090034