Imitation, Entrepreneurship, and Long-Run Growth
Bibliographic Data
| ID | 10178585 |
|---|---|
| Authors | James A Schmitz (corresponding author), James A Schmitz James A Schmitz |
| Year | 1989 |
| Volume | 97 |
| Issue | 3 |
| Pages | 721-739 |
| Publication date | 1989-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261624 |
| OpenAlex | W2119585571 |
| Language | EN |
| Citations received | 28 |
| References cited | 4 |
Despite the widespread belief that entrepreneurship is a key factor in economic development, there have been few attempts to develop formal models to analyze the phenomenon. This paper presents a model in which endogenous entrepreneurial activity is a key determinant of economic growth. The theory also differs from standard models in that growth is driven by the imitative activities of entrepreneurs. Previous theories have focused on the direct production of knowledge, underemphasizing the importance of imitation in the growth process. The paper also examines external effects arising from these entrepreneurial activities--effects distinct from those studied by Paul Romer. Copyright 1989 by University of Chicago Press
Economic growth · Economics · Endogenous growth theory · Entrepreneurship · Growth model · Human capital · Imitation · Key (lock · Microeconomics · Neoclassical economics · Phenomenon · Positive economics · Romer · Computer Science · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth · Psychology · Social Psychology
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| Citations per year | 0.78 |
|---|---|
| Citation span | 1990 - 2025 (36) |
| Highly cited | No |