nep-ent New Economics Papers
on Entrepreneurship
Issue of 2023‒02‒20
six papers chosen by
Marcus Dejardin
Université de Namur

  1. Improving the effectiveness of inclusive and social entrepreneurship training schemes By OECD; European Commission
  2. Social push and the direction of innovation By Einiö, Elias; Feng, Josh; Jaravel, Xavier
  3. Using Taxes to Attract the Creative Class in the Presence of a Region-Specific Rent By Batabyal, Amitrajeet; Yoo, Seung Jick
  4. Debt Maturity and Firm Productivity—The Role of Intangibles By Nakatani, Ryota
  5. How and to What Extent is Current Entrepreneurship Policy Gendered in Kazakhstan? By Nurlykhan Aljanova
  6. Entrepreneurship Policies of Central Asian Countries: The Cases of Kazakhstan and Uzbekistan By Yelena Muzykina

  1. By: OECD; European Commission
    Abstract: This policy brief on "Improving the effectiveness of inclusive and social entrepreneurship training schemes" was produced by the OECD and the European Commission. It discusses the importance of training schemes and presents an overview of the types of training schemes available. It also analyses the opportunities for governments to strengthen these training schemes and provides guidance on how to design more effective inclusive and social entrepreneurship training schemes.
    Keywords: inclusive entrepreneurship, skills, social entrepreneurship, training
    JEL: L26 M13 L31
    Date: 2023–02–03
  2. By: Einiö, Elias; Feng, Josh; Jaravel, Xavier
    Abstract: Innovators are intrinsically-motivated individuals who use ideas to create new goods and services. This raises the possibility that their social backgrounds may affect the direction of their innovative activity. Consistent with this "social push" channel, we document that innovators create products that are more likely to be purchased by customers similar to them along observable dimensions including gender, age, and socioeconomic status, both across and within detailed industries. Next, we provide causal evidence that social experience affects the direction of a person's innovative activity. Specifically, being exposed to peers from a lower-income group increases an entrepreneur's propensity to create necessity products, without affecting her rates of entrepreneurship and entrepreneurial income. We incorporate this channel into a general equilibrium model to assess its implications for cost-of-living inequality and long-run growth when there is unequal access to the innovation system.
    Keywords: innovators social background; social push
    JEL: R14 J01 L81 J1
    Date: 2022–07–13
  3. By: Batabyal, Amitrajeet; Yoo, Seung Jick
    Abstract: We analyze interregional competition between two regions A and B that use taxes to attract a representative creative class member (the entrepreneur). This entrepreneur establishes a firm in either region A or B and this action guarantees her profit. However, if the entrepreneur locates in region A then she also obtains a stochastic, location-specific rent that is either high with positive probability or low with positive complementary probability. In this setting, we accomplish three tasks. First, given values of the two tax rates, we determine the payoff to the entrepreneur in the two regions for the two possible values of the location-specific rent in A. Second, we ascertain when the entrepreneur will locate in A for both values of the rent and when she will locate in B. Finally, we compute the tax rate that B will set and then specify a condition which ensures that the entrepreneur locates in B.
    Keywords: Creative Class, Entrepreneur, Interregional Competition, Region-Specific Rent, Tax
    JEL: H25 R11
    Date: 2022–11–10
  4. By: Nakatani, Ryota
    Abstract: Does the maturity of debt matter for productivity? Using data on Italian firms from 1997 to 2015, we study the relationship among debt maturity, productivity, and firm characteristics. We find that productivity is positively associated with short-term debt and negatively associated with long-term debt. This result supports the hypothesis that the less intense monitoring of firm performance and fewer liquidation fears stemming from the long maturity of debt causes a moral hazard, while short-term debt serves as a disciplinary device to improve firm performance in the short run. This effect is evident in small- and medium-sized enterprises and old firms. In contrast, large firms can utilize long-term financing to improve productivity through long-term investments. Firms improve productivity by purchasing intangible assets financed by short-term debt.
    Keywords: Debt maturity; Productivity; SMEs; Firm size; Firm age; Intangibles
    JEL: D22 D24 G32 O16 O34
    Date: 2023–01–28
  5. By: Nurlykhan Aljanova
    Date: 2023
  6. By: Yelena Muzykina
    Date: 2023

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