A gain from trade: From unproductive to productive entrepreneurship

• 成果类型: Article
• 署名作者: Holmes, TJ; Schmitz, JA
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/S0304-3932(01)00044-7
• 发表日期: 2001
• 页码: 417-446
• 关键词: Entrepreneurship; gains from trade; resistance to technology; political economy of growth

摘要

There is a large and growing theoretical literature studying the allocation of individuals and their effort amongst productive and unproductive entrepreneurial activities. Trade and competition between regions have been recognized as potentially powerful forces limiting unproductive entrepreneurial activities. In this paper we extend the technology-ladder model of Grossman and Helpman to study this issue and demonstrate conditions under which lowering of tariffs leads to a shift from unproductive to productive entrepreneurial activities. (C) 2001 Elsevier Science B.V. All rights reserved.