Evidence and the micro-foundations of economic growth

Joffe, Michael

doi:10.18559/ebr.2017.3.4

Cited by 4 publications

(3 citation statements)

References 71 publications

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“…Capitalism creates a tendency to think in certain ways, while "the entrepreneur" is a person who produces new combinations that lead to new products or new production methods. Schumpeter's entrepreneur is a dynamic newcomer who transforms the state of things (Joffe, 2017).…”

Section: Entrepreneurs Capitalists and Employeesmentioning

confidence: 99%

Does Entrepreneurship Affect Income Inequality within Countries? Direct and Indirect Effects in European Countries

Gaweł¹

2020

EBER

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The objective of the article is to verify the direct and indirect impact of entrepreneurship on income inequality within countries. Inequality has long been a problem for people, which appears as a consequence of unequal access to and distribution of wealth. The article implements the perspective of entrepreneurship into the discussion on inequality. Research Design & Methods: The research method is quantitative. Based on panel data of 26 European countries in years 2008-2018, regression functions are estimated to verify research hypotheses. Findings: The direct influence of entrepreneurship measured by birth rate, death rate, and survival rate on inequality seems to be quite limited. However, the most important relationship is indirect impact through employment creation, which seems to reduce income inequality, especially regarding the employment of surviving companies. Implications & Recommendations: The employment share of surviving companies is an important variable that reduces income inequality; the entrepreneurship policy should concentrate on supporting the survival of newly created companies, not just on the start-up process. Contribution & Value Added: The novelty of the article is to implement the distinction between direct and indirect impact of entrepreneurship. The process of new company creation affects not only incomes of entrepreneurs but most importantly the indirect reduction of income inequality through employment. Moreover, the article sheds new light on the matter of inequality by the incorporation of time lag into analyses. Article type: research article

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Section: Entrepreneurs Capitalists and Employeesmentioning

confidence: 99%

Does Entrepreneurship Affect Income Inequality within Countries? Direct and Indirect Effects in European Countries

Gaweł¹

2020

EBER

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“…cit. p.501).16 SeeJoffe (2017). With the same meaning as cutting-edge growth, Jones (2015) introduced the term frontiergrowth.…”

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confidence: 99%

Is Learning a Wonder Weapon of Endogenous Economic Growth?

Mihályi¹

2019

Financial and Economic Review

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This essay attempts to refute the practicality of the main policy propositions of the book by Joseph Stiglitz and Bruce Greenwald (S&G) entitled Creating a Learning Society. More specifically, it looks at the 700-page scholarly work from the perspective of countries struggling to catch up with the advanced Western countries. In the opinion of the author, S&G use the term "learning" in such a broad sense that it becomes almost meaningless as an explanatory factor and/or an objectively verifiable indicator. Equally important, by using such a value-loaded, entirely positive term like "learning", S&G create a misleading feeling in the readers: catching-up is easy (win-win). As history has shown, it is not easy. In the paper, the model of a lesser known Hungarian economist, Ferenc Jánossy (1914-1997), is presented as a more convincing explanation of endogenous economic growth.

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confidence: 99%

Rejoinder to Evidence and the micro-foundations of economic growth by Michael Joffe

Hamilton¹

2017

EBR

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This is a response to Joffe (this issue (Joffe, 2017b)) and aims to demonstrate that economics needs theory that is developed in collaboration with real-world data and that approaches utilised in other disciplines may be transferred to enable this goal. Building better theory will enable improved explanation of economic phenomena to aid the understanding of causation in interacting systems. In turn, this will allow more effective application to policy problems as such theory can inform intervention within these systems. With poor theory, data collection, analysis and interpretation can all be misdirected and misleading.

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Evidence and the micro-foundations of economic growth

Cited by 4 publications

References 71 publications

Does Entrepreneurship Affect Income Inequality within Countries? Direct and Indirect Effects in European Countries

Does Entrepreneurship Affect Income Inequality within Countries? Direct and Indirect Effects in European Countries

Is Learning a Wonder Weapon of Endogenous Economic Growth?

Rejoinder to Evidence and the micro-foundations of economic growth by Michael Joffe

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