Arbeitspapier
Entrepreneurship, Institutions and Skills in Low-Income Countries
This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including about 100 countries. Both theoretical and empirical results suggest that to move the economy into a productive equilibrium, complementarity matters: reforms to improve the business environment tend to be more effective in creating productive firms when accompanied by narrowing skill gaps. Similarly, more conducive business regulations amplify the positive impact on firm creation of better education and reduced skill mismatches. To escape a low-productivity trap, policymakers should thus create a pro-business framework and a wellfunctioning education system.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6451
- Klassifikation
-
Wirtschaft
Entrepreneurship
Human Capital; Skills; Occupational Choice; Labor Productivity
Particular Labor Markets: Public Policy
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- Thema
-
model of start-ups and strategic complements
institutions
education
low-income countries
threshold regression
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brixiova, Zuzana
Egert, Balazs
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Brixiova, Zuzana
- Egert, Balazs
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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