Entrepreneurship: Productive, unproductive, and destructive—Relative to what?

Lucas, David S.; Fuller, Caleb S.

doi:10.1016/j.jbvi.2017.03.001

Cited by 70 publications

(64 citation statements)

References 23 publications

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“…Undeniably, the informal sector has been considered by the poor in developing countries as the life-saving solution to employment and poverty problems (Kim, ElTarabishy and Bae, 2018). Moreover, informal business sector is able to intensify creativity and boost innovations (Burcharth, Paest Knudsen & Sondergaard, 2017); and finally, it increases total production (Lucas & Fuller, 2017). Hence, microenterprises are important for overcoming the challenges of high unemployment rates, high poverty rates and income inequalities.…”

Section: Introductionmentioning

confidence: 99%

Human Capital and Entrepreneurial Competencies towards Performance of Informal Microenterprises in Kelantan, Malaysia

Zainol

Mamun

Ahmad

et al. 2018

Economics &Amp; Sociology

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Microenterprise is essential for strengthening the economies in developing countries through job creation, skills' development, self-esteem, and knowledge. This study intended to measure the effect of human capital on entrepreneurial competencies and the effect of entrepreneurial competencies on the performance of informal microenterprises owned and managed by women-microentrepreneurs in Kelantan, Malaysia. This study has employed a cross-sectional design and collected quantitative data from 384 informal women-entrepreneurs in Kelantan, Malaysia. The result indicated that human capital and entrepreneurial competencies had a significant positive effect on women microenterprises' performance. Despite the increase in the number of research in this subsector, little attention has been given to the effect of human capital and entrepreneurial competencies on business performance in Malaysia. Therefore, this study aims to examine human capital, entrepreneurial competencies, and business performance among informal microenterprises owned and managed by women in Kelantan, Malaysia. Given that investments in human capital and entrepreneurial competencies improve the performance of informal microenterprises, the government and development organizations should, therefore, focus on entrepreneurship development programs, so that to improve the entrepreneurial competencies among women microentrepreneurs in Kelantan, Malaysia.

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Section: Introductionmentioning

confidence: 99%

Human Capital and Entrepreneurial Competencies towards Performance of Informal Microenterprises in Kelantan, Malaysia

Zainol

Mamun

Ahmad

et al. 2018

Economics &Amp; Sociology

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“…2. Entrepreneurship is context-contingent (Baumol 1996;Boettke and Coyne 2009;Coyne et al 2010;Lucas and Fuller 2017).…”

Section: Resultsmentioning

confidence: 99%

Pricing Political Rallies

Fuller

Lucas

2017

Economic Affairs

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Why are political rallies free to attend? Fundraising is a central campaign activity and a perennial correlate of political victory. We argue that politicians set a zero price for rallies in order to reap a non‐pecuniary benefit: political support. An ‘allocation by waiting’ scheme selects those attendees with a lower opportunity cost of time relative to a standard ‘allocation by price’ scheme. Transactions costs mitigate Coasean bargaining by removing the secondary market, thereby altering the composition of the average rally crowd. This mechanism allows politicians to facilitate exchange with ‘general interests’: citizens who do not engage in rent seeking due to collective action costs but still stand to gain from redistributive policies.

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“…Hence, the rules of the game or the institutional setup gives rise to a "social structure of payoffs," which in turn determines whether entrepreneurship is allocated to productive, unproductive or destructive purposes. That being said, what seem to be non-productive forms of entrepreneurship are sometimes best considered second-best productive responses to suboptimal institutions (Douhan and Henrekson 2010;Henrekson 2016, 2017;Lucas and Fuller 2017).…”

Section: Entrepreneurs: the Effect Of Taxationmentioning

confidence: 99%

The collaborative innovation bloc: A new mission for Austrian economics

Elert

Henrekson

2019

Rev Austrian Econ

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Entrepreneurship: Productive, unproductive, and destructive—Relative to what?

Cited by 70 publications

References 23 publications

Human Capital and Entrepreneurial Competencies towards Performance of Informal Microenterprises in Kelantan, Malaysia

Human Capital and Entrepreneurial Competencies towards Performance of Informal Microenterprises in Kelantan, Malaysia

Pricing Political Rallies

The collaborative innovation bloc: A new mission for Austrian economics

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