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Economic Growth And The Optimal Level Of Entrepreneurship, Catherine Bampoky, Luisa Blanco, Aolong Liu, James Prieger
Economic Growth And The Optimal Level Of Entrepreneurship, Catherine Bampoky, Luisa Blanco, Aolong Liu, James Prieger
Luisa Blanco
What is the “growth penalty” when a country’s entrepreneurship deviates from its optimal level? We use data on entrepreneurship for a panel of developed and developing countries over 2003-2011 to estimate growth equations. We treat the impact of entrepreneurship on real GDP growth as heterogeneous across countries. The methodology accounts for unobserved heterogeneity among countries in the optimal entrepreneurship rate and other factors affecting growth. In less developed countries, there is not enough entrepreneurship, and increases in the entrepreneurship rate have a sizeable positive effect on growth. In high income countries, entrepreneurship appears to be close to the optimum. We …
Economic Growth And The Optimal Level Of Entrepreneurship, Catherine Bampoky, Luisa Blanco, Aolong Liu, James Prieger
Economic Growth And The Optimal Level Of Entrepreneurship, Catherine Bampoky, Luisa Blanco, Aolong Liu, James Prieger
James E. Prieger
What is the “growth penalty” when a country’s entrepreneurship deviates from its optimal level? We use data on entrepreneurship for a panel of developed and developing countries over 2003-2011 to estimate growth equations. We treat the impact of entrepreneurship on real GDP growth as heterogeneous across countries. The methodology accounts for unobserved heterogeneity among countries in the optimal entrepreneurship rate and other factors affecting growth. In less developed countries, there is not enough entrepreneurship, and increases in the entrepreneurship rate have a sizeable positive effect on growth. In high income countries, entrepreneurship appears to be close to the optimum. We …
The Entrepreneurial Assumption: Thinking About Taxes In Contemporary Political Theory, Mindy Peden
The Entrepreneurial Assumption: Thinking About Taxes In Contemporary Political Theory, Mindy Peden
Mindy Peden
This article argues that contemporary political theory often contains an obscured supposition that I call the entrepreneurial assumption. This assumption can be seen most clearly when political theorists who do not have economic expertise per se theorize the relationship between their political thought and taxation. In order to explicate the entrepreneurial assumption, the article engages in close readings of John Rawls, Robert Nozick, and Ronald Dworkin. By elaborating on each of these authors' views, the importance of preserving “talent” through a system of taxation, the centrality of the entrepreneurial assumption can be seen more clearly.