Institutions, education, and development: The role of entrepreneurs

• 成果类型: Article
• 署名作者: Dias, Joilson; McDermott, John
• 署名单位: University of South Carolina System; University of South Carolina Columbia
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2005.04.004
• 发表日期: 2006
• 页码: 299-328
• 关键词: institutions; education; entrepreneurs; structural change

摘要

Entrepreneurs are instrumental for structural transformation. They create and organize new firms and hire workers with a minimum level of human capital. Entrepreneurs encourage workers to invest in their own education in order to move into the modem production sector. Better institutions lead to less income diversion, which creates a greater supply of entrepreneurs, a larger demand for human capital, and faster structural transformation. Education policy alone is not as effective, although it, too, raises the number of entrepreneurs. Simulations and evidence from Brazilian states support the theory. (c) 2005 Elsevier B.V. All rights reserved.