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on Entrepreneurship |
By: | Mertens, Matthias (MIT); Schoefer, Benjamin (University of California, Berkeley) |
Abstract: | We document and dissect a new stylized fact about firm growth: the shift from labor to intermediate inputs. This shift occurs in input quantities, cost and output shares, and output elasticities. We establish this fact using German firm-level data and replicate it in administrative firm data from 11 additional countries. We also document these patterns in micro-aggregated industry data for 20 European countries (and, with respect to industry cost shares, for the US). We rationalize this novel regularity within a parsimonious model featuring (i) an elasticity of substitution between intermediates and labor that exceeds unity, and (ii) an increasing shadow price of labor relative to intermediates, due to monopsony power over labor or labor adjustment costs. The shift from labor to intermediates accounts for one half to one third of the decline in the labor share in growing firms (the remainder is due to wage markdowns and markups) and rationalizes most of the labor share decline ingrowing industries. |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17461 |
By: | Asuamah Yeboah, Samuel |
Abstract: | Entrepreneurship in developing countries plays a pivotal role in fostering economic growth, reducing poverty, and creating jobs. However, the process of establishing and sustaining businesses in these regions is fraught with numerous challenges, including limited access to capital, inadequate infrastructure, complex regulatory frameworks, and socio-political instability. This study examines the strategies entrepreneurs employ to navigate these barriers and succeed in emerging markets. A systematic review of existing literature, including academic studies and industry reports, identifies key approaches such as leveraging local market insights, utilizing diverse funding mechanisms, navigating regulatory environments, adopting technological innovations, and implementing sustainable practices. The study also highlights the importance of forming strategic networks, partnerships, and flexible business models. By integrating theoretical frameworks such as resource-based view (RBV), institutional theory, and network theory, the research provides a comprehensive understanding of the interplay between the factors that shape entrepreneurial success in developing countries. The study offers practical recommendations for entrepreneurs, policymakers, and stakeholders seeking to promote sustainable business development. This research contributes to the growing body of knowledge on entrepreneurship in developing regions and offers valuable insights for supporting entrepreneurial growth in these dynamic and challenging environments. |
Keywords: | Entrepreneurship, Business Strategies, Market Insights, Funding Mechanisms, Regulatory Frameworks, Technological Advancements, Sustainable Practices, Business Networks |
JEL: | L26 M13 O10 O31 O38 |
Date: | 2024–09–14 |
URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122661 |
By: | WOOLFORD Jayne (European Commission - JRC); BACHTROEGLER-UNGER Julia; BURTON Anna; LALANNE Marie (European Commission - JRC); GULDA Krzysztof |
Abstract: | This research quantifies the extent to which the European Regional Development Fund (ERDF) and the European Social Fund (ESF) supported the provision of education and training relevant to the needs of territories and their smart specialisation (S3) domains in the 2014-2020 programming period. |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc139680 |