2015
DOI: 10.1177/0971355714560036
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Entrepreneurship and Comparative Advantage

Abstract: This article advances a blueprint for understanding the function entrepreneurs perform in international trade, by drawing on the connection between comparative advantage and entrepreneurial judgement. The mutual benefits of specialisation and exchange are demonstrated whenever we find a minimum relative difference between the productivity of resources; however, we argue in this article that the concrete pattern of specialisation—manifest in exchanges between individuals, firms or states—cannot be discovered fr… Show more

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Cited by 6 publications
(3 citation statements)
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“…The wealth generated from entrepreneurship has changed the global scenario of shortage, which explains why entrepreneurship is often associated with a society of prosperity (Covin & Wales, 2019;Farini, Puya, Soleymani, & Hosseinini, 2012;Murphy, Liao, & Welsch, 2006;Oliveira, Melo, & Muylder, 2015). Economists understand that entrepreneurship is what powers the economic engine (Acs, Desai, & Hessels, 2008;Audretsch, 2012;Dorobat & Topan, 2015;Filion, 1997;Kuratko, 2011;Vuong et al, 2016;Wakkee, Veen, & Eurling, 2015). Baron and Shane (2007) and Wakkee et al (2015) stressed, however, that entrepreneurship can only contribute to this development if companies succeed.…”
Section: Values and Entrepreneurshipmentioning
confidence: 99%
“…The wealth generated from entrepreneurship has changed the global scenario of shortage, which explains why entrepreneurship is often associated with a society of prosperity (Covin & Wales, 2019;Farini, Puya, Soleymani, & Hosseinini, 2012;Murphy, Liao, & Welsch, 2006;Oliveira, Melo, & Muylder, 2015). Economists understand that entrepreneurship is what powers the economic engine (Acs, Desai, & Hessels, 2008;Audretsch, 2012;Dorobat & Topan, 2015;Filion, 1997;Kuratko, 2011;Vuong et al, 2016;Wakkee, Veen, & Eurling, 2015). Baron and Shane (2007) and Wakkee et al (2015) stressed, however, that entrepreneurship can only contribute to this development if companies succeed.…”
Section: Values and Entrepreneurshipmentioning
confidence: 99%
“…Por se tratar de um ambiente dinâmico e de características específicas, porém, a maioria das organizações ainda necessita de uma base ou orientação para poder empreender no meio digital, o que exige certo conhecimento por parte do empreendedor. O mercado atual apresenta muitos desafios, como a competitividade e o aumento das exigências da sociedade em relação aos produtos e serviços (DOROBAT; TOPAN, 2015). Por isso, se não for bem planejada a estrutura desse novo negócio, podem surgir frustrações durante o processo de inserção da empresa no meio virtual.…”
Section: Tecnologia E Inovação (Monteiro 2001)unclassified
“…Some of the nonfinancial benefits of entrepreneurship are independence, autonomy and improvement in the standard of living. Entrepreneurship helps to bring change and innovation and can lead to comparative advantage in international trade (Luke, Verrenynne & Kearins, 2007;van Praag & Versloot, 2008;Chirani, Farahbod & Pourvahedi;2013;Dorobat & Topan, 2015). Despite the benefits associated with entrepreneurship in the past century, there are concerns that it has also brought about an increase in the level of income inequality and the degradation of the natural environment.…”
Section: Introductionmentioning
confidence: 99%