全球智库信息集成服务系统(G2TT): DP5356 Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP5356
	DP5356 Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century
	Alex Cukierman; Roel Beetsma; Massimo Giuliodori
发表日期	2005-11-14
出版年	2005
语种	英语
摘要	While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to consider re-entering into entrepreneurship, or what we term here as renascent entrepreneurship, has been generally overlooked. According to the theory of selection and passive learning (Jovanovic, 1982), while there is a lot to be learned about the underlying but unobservable endowment of entrepreneurial skills from entering into entrepreneurship, there is virtually nothing that can be additionally learned from subsequently re-entering into entrepreneurship following termination of a previous firm. This paper suggests a different view of learning, where the entrepreneur can utilize her capacity to absorb and learn from the initial entrepreneurial experience, thereby augmenting her initial endowment of entrepreneurial skills. This leads to the theoretical prediction that those ex-entrepreneurs with characteristics more conducive to augmenting entrepreneurial abilities are more likely to become renascent entrepreneurs. Based on the empirical evidence from a database consisting of ex-entrepreneurs, we conclude that those ex-entrepreneurs with the characteristics facilitating the augmentation of entrepreneurial skills exhibit a higher propensity for becoming renascent entrepreneurs. This would suggest that there are two types of learning gained from entrepreneurship - both passive learning about the underlying endowment of entrepreneurial skills, but also active learning in that the (ex)entrepreneur learns how to do it better.
主题	Industrial Organization
关键词	Entrepreneurial learning entrepreneurship Firm exit Nascent entrepreneurship Renascent entrepreneurship Restart
URL	https://cepr.org/publications/dp5356
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/534217
推荐引用方式 GB/T 7714	Alex Cukierman,Roel Beetsma,Massimo Giuliodori. DP5356 Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century. 2005.