The Economics of Entrepreneurship: What We Know and What We Don't

54 Pages Posted: 23 Aug 2006

See all articles by Simon C. Parker

Simon C. Parker

University of Western Ontario; Durham University - Department of Economics and Finance; IZA Institute of Labor Economics

Abstract

This introductory, non-technical, text offers a reflective overview of what economics adds to our understanding of entrepreneurship. It is designed primarily to showcase to young entrepreneurship scholars several interesting research questions and a toolbox of methods to answer them. First, I will illustrate the kinds of questions that can be posed and answered using economics. Then I will present and discuss a selective list of 'canonical' theoretical and empirical models that form the intellectual bedrock of the Economics of Entrepreneurship. After that, I present and discuss some well established theoretical contributions and empirical findings that have been generated by the approach. I conclude by discussing aspects of 'What we don't know' - and should. This part of the text identifies several ideal future trends in research that build on and complement the foundations of entrepreneurship that are delineated in the main body of the text.

Suggested Citation

Parker, Simon C., The Economics of Entrepreneurship: What We Know and What We Don't. Foundations and Trends in Entrepreneurship, Vol. 1, No. 1, 2005. Available at SSRN: https://ssrn.com/abstract=891895

Simon C. Parker (Contact Author)

University of Western Ontario ( email )

1151 Richmond Street
Suite 2
London, Ontario N6A 5B8
Canada

Durham University - Department of Economics and Finance ( email )

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Durham DH1 3HY
United Kingdom
+44 191 3747271 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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