Entrepreneurship Capital and Technical Efficiency : The Role of New Business/Firms as a Conduit of Knowledge Spillovers

Entrepreneurship Capital and Technical Efficiency : The Role of New Business/Firms as a Conduit of Knowledge Spillovers

Increasingly, entrepreneurship is being discussed and considered as a source of high economic growth and competitiveness. A conceptual process of creative construction that characterizes the dynamics between entrants and incumbents can prove quite...

Full description

Bibliographic Details
Main Authors: Laborda, Leopoldo, Guasch, Jose Luis, Sotelsek, Daniel
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ABSORPTIVE CAPACITY
AGRICULTURAL PRODUCTS
AGRICULTURE
ALLOCATIVE EFFICIENCY
ANIMAL PRODUCTS
BENEFICIAL EFFECTS
BIOTECHNOLOGY
BOUNDARIES
BUSINESS ENTRY
BUSINESSES
CAPABILITIES
CAPABILITY
CAPABILITY ENHANCEMENT
CAPITAL EXPENDITURES
CD
COMPETENCIES
COMPETITIVE ADVANTAGE
COMPETITIVENESS
COMPETITORS
CONCEPTUAL FRAMEWORK
CONSTANT RETURNS TO SCALE
CONTRACTUAL AGREEMENTS
CONVERGENCE HYPOTHESIS
CUSTOMER SERVICES
DEVELOPMENT POLICY
DISCUSSIONS
DISTRIBUTED LAGS
DYNAMIC ANALYSIS
E-MAIL
ECONOMETRICS
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC THEORY
ECONOMICS
ELASTICITY
EMPLOYMENT
EMPLOYMENT CREATION
ENERGY RESOURCES
ENTERPRISE SECTOR
ENTREPRENEURIAL OPPORTUNITIES
EQUIPMENT
EQUIPMENTS
EXCHANGE RATES
EXISTING KNOWLEDGE
EXPORTS
FINANCIAL SERVICES
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FUTURE RESEARCH
GDP
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
GROSS VALUE
GROWTH MODELS
GROWTH RATE
GROWTH THEORY
HANDICRAFTS
HUMAN CAPITAL
IDEA
IDEAS
INEFFICIENCY
INHERITANCE
INNOVATION
INNOVATIONS
INSIGHTS
INTELLECTUAL PROPERTY
INTERNATIONAL COMPETITIVENESS
KNOWLEDGE TRANSFER
LABOR FORCE
LABOR ORGANIZATION
LABOUR
LEADING
LEARNING
MANUFACTURING
MANUFACTURING INDUSTRIES
MEDIUM ENTERPRISE
NATURAL RESOURCES
NETWORKS
NEW TECHNOLOGY
OPEN ACCESS
OUTPUTS
OUTSOURCING
PERFORMANCES
PHONE
POLITICAL ECONOMY
POSITIVE EFFECTS
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRODUCT INNOVATIONS
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTIVITY
R&D
REAL GDP
RESULT
RESULTS
SIDE EFFECTS
SILICON
SOCIAL CAPITAL
SOFTWARE PRODUCTION
SUPPLY CHAIN
TECHNICAL SUPPORT
TECHNOLOGY TRANSFER
TEXTILES
TIME PERIODS
TRADE DEFICIT
TRANSMISSION
UNEMPLOYED
UNIVERSITIES
USE OF KNOWLEDGE
USES
VALUE ADDED
WEALTH
WEALTH CREATION
WEB
WOOD
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110727092420
http://hdl.handle.net/10986/3502
Description
Summary:Increasingly, entrepreneurship is being discussed and considered as a source of high economic growth and competitiveness. A conceptual process of creative construction that characterizes the dynamics between entrants and incumbents can prove quite useful to analyze the impact of countries' entrepreneurship capital on economic performance and can be a guide for economic policy. This paper applies a Stochastic Frontier Analysis approach to test the hypothesis that entrepreneurship capital promotes economic performance by serving as a conduit of knowledge spillovers. In addition, kernel density functions are employed to analyze convergence (or divergence) in the efficiency estimated for individual countries. The empirical evidence and results here tend to support the hypothesis. Specifically, the empirical analysis shows that the rate of expenditure on research and development in relation to new businesses registered has a positive and significant effect in increasing technical efficiency. These factors facilitate the dissemination of existing knowledge, develop entrepreneurship capital, and thus provide the missing link to economic performance -- entrepreneurship capital. The authors also show the trends and dynamics of changes in countries technical efficiency.

Similar Items