This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect the individual arbitrage between diff...

Ethiopia has achieved one of the fastest growing economies in the world for the last consecutive years by adopting East Asian countries model of development. Based on developmental state paradigm, the ruling party has been able to design a pragmatic developmental strategy which is tailored and adjusted to the country's unique socio economic structure. The experiment has resulted on unprecedente...

Aage Sørensen, in “Toward a Sounder Basis for Class Analysis,” argues that Marxists are correct in placing exploitation at the center of class analysis since an exploitation-centered concept of class has a much greater potential for explaining the structural foundations of social conflicts over inequality than does its principle rival, the material “life conditions” conception of class. But he ...

I provide an economic model with endogenous movements in TFP as a tool for understanding a rationale behind the productivity decline in New Zealand. Cohort quality, measured by a country's human capital distribution determines opportunities for growth. Vintages of human skills are subject to network effects. These network effects, while important for productivity, have the side effect of introd...

A review of economic thought since the sixteenth century reveals two streams of economic discourse, dirigisme and laissez-faire. Starting with the mercantilists, dirigiste approaches to economics embrace the real-world complexity of commodities that often differ greatly in attributes that are growthand rentaugmenting. Most importantly, this means that free trade is likely to be polarising: it c...

The Knowledge-based view of the firm is a recent extension of the Resourcebased view of the firm very adequate to the present economic context. Knowledge is considered to be a very special strategic resource that does not depreciate in the way traditional economic productive factors do, and can generate increasing returns. The nature of most knowledge-based resources is mainly intangible and dy...

Dynamic entry games are revisited using a Markovian solution concept based on the introduction of long and short time players. This approach provides new insights on the economics of potential competition in particular relative to rent dissipation and selection issues. Potential competition appears less attractive from a normative standpoint. Journal of Economic Literature ClassiÞcation Numbers...

weak economic performance that has been observed in countries with rich natural resources is called resource curse. there have been many studies on resource curse, especially the adverse effects of this phenomenon on economic growth. income inequality or unfair distribution of income is one of the main characteristics of resource rich countries. but, there has not been much research on the effe...

This paper examines land tenancy systems and tenant contracts in Rwanda, with respect to socioeconomic contexts. Our research in southern and eastern Rwanda produced data suggesting that land borrowing with fixed rents has been generally practiced, and that rent levels have been low in comparison to expected revenues from field production. In the western areas of coffee production, however, the...

Rent-seeking in the trade sector is an outcome of restrictions imposed on tariffs and import quotas by a government. In an effort to acquire more privilege in foreign trade, labor allocates a part of its time-effort to rent-seeking activity, while cutting down on production work. Given the importance of rent-seeking activity due to restrictions imposed by the government in the Iranian economy, ...