دانلود مقاله ISI انگلیسی شماره 6814
عنوان فارسی مقاله

کارآفرینی، سیاست های دسترسی و توسعه اقتصادی: درسهایی از سازمان های صنعتی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
6814 2000 9 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
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عنوان انگلیسی
Entrepreneurship, access policy and economic development: Lessons from industrial organization
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : European Economic Review, Volume 44, Issues 4–6, May 2000, Pages 739–747

کلمات کلیدی
مسابقه - کارآفرینی - دسترسی - سیاست رقابت
پیش نمایش مقاله
پیش نمایش مقاله کارآفرینی، سیاست های دسترسی و توسعه اقتصادی: درسهایی از سازمان های صنعتی

چکیده انگلیسی

This paper explores some relationships between promotion of competition and economic development that arise from the impacts of entrepreneurial firms. In this respect, two sets of policies are critical for furthering economic development. First, to arrest the diversion of entrepreneurial talent towards non-productive activities, an increased emphasis on preserving rewards from productive innovation is needed – through the protection of commercial freedom, property rights and contracts. Second, given that essential local inputs are vulnerable to monopolization and foreclosure, fostering opportunities for grass-roots entrepreneurship becomes paramount – through a more activist supply-side competition policy emphasizing access to essential business services and other required local inputs. A key message is that the conventional sensitivity of policy concerns about the social welfare effects of foreclosure should be extended to a domain beyond the usual essential facilities of public utilities. It should include access to many other elements of the business infrastructure that are taken for granted in mature market economies, but that pose real barriers to productive entrepreneurship at the grass-roots level in the context of development. Additions to the incipient empirical work in this area could yield substantial policy dividends.

مقدمه انگلیسی

How important the promotion of competition is in the context of a developing or transition economy as compared to more advanced market economies, and what is the most appropriate policy mix to promote competition are important policy questions. In a recent review of the possible transmission channels between competition and enterprise growth, Rey (1997) discusses how enhanced rivalry can spur innovation of profit-maximizing firms as well as various ways in which competition can act as a disciplining device inducing managers to adhere more closely to profit maximization.1 A key difference between developing and more mature market economies is that internal agency costs are likely to be much higher in managerial firms, due to more pronounced informational asymmetries in credit and product markets, more significant contract enforcement problems, and weaker relevant institutions. In this context, an increase in competition may have a particularly favorable impact on growth when firms face important agency costs. In particular, Aghion et al. (1999) show that when agency problems become particularly severe, as when the need for outside finance becomes so high that investors are reluctant to lend, more competition can lead to higher investment or other credible forms of commitment to raise effort. Based on enterprise-level data, Nickell et al. (1997) show that product market competition can act as a substitute for debt-related financial pressure and external shareholder control. In this paper, we further explore the nexus between competition and economic development by focusing on owner-managed entrepreneurial firms, where the traditional agency problems between financiers and managers are less severe. Entrepreneurial activity is linked to the creation of productive jobs, new output and new demand for inputs of all kinds.2 Moreover, introduction of new products appears to have a bigger impact on overall welfare than the increased consumption of existing products.3 On the theoretical side, we link Schumpeterian notions of competition and entrepreneurship to two key sets of policies for developing and transition economies: an increased emphasis on preserving the rewards from productive entrepreneurship by ensuring that the most basic elements of the business environment are conducive to investment; and fostering opportunities for grass-roots entrepreneurial activity by ensuring ‘level playing-field’ access to essential business infrastructure services and other required local inputs. On the empirical side, we review recent work in this area.

نتیجه گیری انگلیسی

Standard industrial organization concepts, namely competition, entrepreneurship, foreclosure and access are critical organizing ideas for competition policies in developing and transition economies. Two sets of policies in particular are essential for furthering economic development through the promotion of entrepreneurship – preserving rewards from productive innovation, and fostering opportunities for grass-roots entrepreneurship. A key message is that the intellectual framework of when foreclosure may be welfare-enhancing or not should be extended beyond the usual essential facilities of public utilities. It should include access to many other elements of the business infrastructure that are taken for granted in mature market economies, but that pose real barriers to productive entrepreneurship at the grass-roots level in the context of development.

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