Entrepreneurship, structural change, and economic growth

Florian Noseleit ()

No 1104, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: The ability to adjust to structural change is vital to economic development, and entries can be active participants in this process. While the importance of factor reallocations for growth is widely accepted, the role of entrepreneurs in managing these reallocations is rarely, if ever, mentioned in the empirical growth literature. This paper analyzes the role of entrepreneurial activity for adjustments of the sectoral structure and its relevance for regional economic development. The historical framework is the accelerated economic transformation that occurred in industrialized countries during the mid 1970s, resulting in an increasing need to adjust. Based on German data from 1975 to 2002, evidence is presented that sectoral reallocations are an important means for transforming entrepreneurial activity into growth.

Keywords: Entrepreneurship; new business formation; regional development; structural change (search for similar items in EconPapers)
JEL-codes: L26 M13 O1 O18 R11 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2011-01, Revised 2011-01
New Economics Papers: this item is included in nep-ent, nep-fdg and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://econ.geo.uu.nl/peeg/peeg1104.pdf Version January 2011 (application/pdf)

Related works:
Journal Article: Entrepreneurship, structural change, and economic growth (2013)
Working Paper: Entrepreneurship, Structural Change, and Economic Growth (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1104

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