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Entrepreneurship Capital and Technical Efficiency : The Role of New Business/Firms as a Conduit of Knowledge Spillovers

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dc.contributor.authorLaborda, Leopoldo
dc.contributor.authorGuasch, Jose Luis
dc.contributor.authorSotelsek, Daniel
dc.date.accessioned2012-03-19T18:03:36Z
dc.date.available2012-03-19T18:03:36Z
dc.date.issued2011-07-01
dc.description.abstractIncreasingly, entrepreneurship is being discussed and considered as a source of high economic growth and competitiveness. A conceptual process of creative construction that characterizes the dynamics between entrants and incumbents can prove quite useful to analyze the impact of countries' entrepreneurship capital on economic performance and can be a guide for economic policy. This paper applies a Stochastic Frontier Analysis approach to test the hypothesis that entrepreneurship capital promotes economic performance by serving as a conduit of knowledge spillovers. In addition, kernel density functions are employed to analyze convergence (or divergence) in the efficiency estimated for individual countries. The empirical evidence and results here tend to support the hypothesis. Specifically, the empirical analysis shows that the rate of expenditure on research and development in relation to new businesses registered has a positive and significant effect in increasing technical efficiency. These factors facilitate the dissemination of existing knowledge, develop entrepreneurship capital, and thus provide the missing link to economic performance -- entrepreneurship capital. The authors also show the trends and dynamics of changes in countries technical efficiency.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110727092420
dc.identifier.doi10.1596/1813-9450-5739
dc.identifier.urihttps://hdl.handle.net/10986/3502
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research Working Paper ; No. 5739
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSORPTIVE CAPACITY
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectALLOCATIVE EFFICIENCY
dc.subjectANIMAL PRODUCTS
dc.subjectBENEFICIAL EFFECTS
dc.subjectBIOTECHNOLOGY
dc.subjectBOUNDARIES
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESSES
dc.subjectCAPABILITIES
dc.subjectCAPABILITY
dc.subjectCAPABILITY ENHANCEMENT
dc.subjectCAPITAL EXPENDITURES
dc.subjectCD
dc.subjectCOMPETENCIES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCOMPETITORS
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONTRACTUAL AGREEMENTS
dc.subjectCONVERGENCE HYPOTHESIS
dc.subjectCUSTOMER SERVICES
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCUSSIONS
dc.subjectDISTRIBUTED LAGS
dc.subjectDYNAMIC ANALYSIS
dc.subjectE-MAIL
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectELASTICITY
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT CREATION
dc.subjectENERGY RESOURCES
dc.subjectENTERPRISE SECTOR
dc.subjectENTREPRENEURIAL OPPORTUNITIES
dc.subjectEQUIPMENT
dc.subjectEQUIPMENTS
dc.subjectEXCHANGE RATES
dc.subjectEXISTING KNOWLEDGE
dc.subjectEXPORTS
dc.subjectFINANCIAL SERVICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROSS VALUE
dc.subjectGROWTH MODELS
dc.subjectGROWTH RATE
dc.subjectGROWTH THEORY
dc.subjectHANDICRAFTS
dc.subjectHUMAN CAPITAL
dc.subjectIDEA
dc.subjectIDEAS
dc.subjectINEFFICIENCY
dc.subjectINHERITANCE
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINSIGHTS
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTERNATIONAL COMPETITIVENESS
dc.subjectKNOWLEDGE TRANSFER
dc.subjectLABOR FORCE
dc.subjectLABOR ORGANIZATION
dc.subjectLABOUR
dc.subjectLEADING
dc.subjectLEARNING
dc.subjectMANUFACTURING
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMEDIUM ENTERPRISE
dc.subjectNATURAL RESOURCES
dc.subjectNETWORKS
dc.subjectNEW TECHNOLOGY
dc.subjectOPEN ACCESS
dc.subjectOUTPUTS
dc.subjectOUTSOURCING
dc.subjectPERFORMANCES
dc.subjectPHONE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOSITIVE EFFECTS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCT INNOVATIONS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTIVITY
dc.subjectR&D
dc.subjectREAL GDP
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSIDE EFFECTS
dc.subjectSILICON
dc.subjectSOCIAL CAPITAL
dc.subjectSOFTWARE PRODUCTION
dc.subjectSUPPLY CHAIN
dc.subjectTECHNICAL SUPPORT
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTEXTILES
dc.subjectTIME PERIODS
dc.subjectTRADE DEFICIT
dc.subjectTRANSMISSION
dc.subjectUNEMPLOYED
dc.subjectUNIVERSITIES
dc.subjectUSE OF KNOWLEDGE
dc.subjectUSES
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.subjectWEALTH CREATION
dc.subjectWEB
dc.subjectWOOD
dc.titleEntrepreneurship Capital and Technical Efficiency : The Role of New Business/Firms as a Conduit of Knowledge Spilloversen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleEntrepreneurship Capital and Technical Efficiency: The Role of New Business/Firms as a Conduit of Knowledge Spillovers
okr.date.disclosure2011-07-01
okr.date.doiregistration2025-04-10T11:20:06.580792Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110727092420
okr.globalpracticeSocial Protection and Labor
okr.guid513451468135306735
okr.identifier.doi10.1596/1813-9450-5739
okr.identifier.externaldocumentum000158349_20110727092420
okr.identifier.internaldocumentum14661782
okr.identifier.reportWPS5739
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/07/27/000158349_20110727092420/Rendered/PDF/WPS5739.pdfen
okr.topicSocial Protections and Labor::Labor Policies
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isAuthorOfPublication.latestForDiscovery4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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