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.
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页码：333 / 346
页数：14
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