Decoupling Entrepreneurship Capital from Capital Stock

11 Pages Posted: 12 Feb 2020

See all articles by Dennis Ridley

Dennis Ridley

Florida State University - Department of Scientific Computing

Abdullah M. Khan

Claflin University School of Business

Date Written: December 1, 2019

Abstract

Per capita real gross domestic product adjusted for purchasing power parity (G) is parsimoniously explained by capitalism (C), democracy (D) and rule of law(R). G is estimated from a CDR index equal to the vector inner (dot) product of global invariant parameters [1.53 0.14 0.23 -1.21] and country specific [C D R C·D·R]. The data a re for year 2014 and 79 countries that represent practically all people in the world. C is measured by total capitalization then split into human capital of entrepreneurship imagination and creativity and capital stock of knowledge, machines, computers, training, recording devices etc. The contribution of entrepreneurship to G is found to be 6 times that of capital stock.

JEL Classification: E02, P16

Suggested Citation

Ridley, Dennis and Khan, Abdullah M., Decoupling Entrepreneurship Capital from Capital Stock (December 1, 2019). Available at SSRN: https://ssrn.com/abstract=3522018 or http://dx.doi.org/10.2139/ssrn.3522018

Dennis Ridley (Contact Author)

Florida State University - Department of Scientific Computing ( email )

600 W. College Avenue
Tallahassee, FL 32308
United States

Abdullah M. Khan

Claflin University School of Business ( email )

400 Magnolia St.
Orangeburg, SC 29115
United States

HOME PAGE: http://www.claflin.edu

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
23
Abstract Views
243
PlumX Metrics