The non-productive entrepreneurial process

被引：39
|
作者：
Coyne, Christopher [1 ]
Sobel, Russell [2 ]
Dove, John [2 ]
机构：
[1] George Mason Univ, Dept Econ, MSN 3G4, Fairfax, VA 22030 USA
[2] West Virginia Univ, Dept Econ, Morgantown, WV 26506 USA
来源：
REVIEW OF AUSTRIAN ECONOMICS | 2010年 / 23卷 / 04期
关键词：
Economic development; Entrepreneurship; Institutions;
D O I：
10.1007/s11138-010-0124-2
中图分类号：
G40 [教育学];
学科分类号：
040101 ; 120403 ;
摘要：
A large literature explores the importance of entrepreneurship as the catalyst of economic progress. In contrast, this paper argues that entrepreneurs are the driver of economic stagnation. We analyze the non-productive entrepreneurial process and discuss three channels through which non-productive activities have a multiplier effect culminating in economic decline and stagnation. Drawing on examples of non-productive entrepreneurship from both underdeveloped and developed countries, we provide insight into why economic stagnation persists in the former and why economic decline can occur in the latter.
引用
收藏
页码：333 / 346
页数：14
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