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21. Effects of Immigration on Entrepreneurship and Innovation

Author:
Robert Krol
Publication Date:
10-2021
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Economic growth in advanced economies is driven primarily by innovations that improve productivity. Entrepreneurs and researchers, who are motivated by economic incentives, generate new ideas that result in either new or expanded businesses. The resulting expansion of businesses generates new and better products and services. Entrepreneurs also change the way production is organized because they improve efficiency that lowers prices for consumers. Such actions produce economic growth, which manifests itself by increasing product variety, jobs, and wages. As a result, economic well‐​being increases (Alcigit and Kerr 2018; Jones 1995, 2016; McCloskey 2016; Romer 1990).
Topic:
Immigration, Entrepreneurship, Economic Growth, and Innovation
Political Geography:
Global Focus

22. How Wealth Fuels Growth

Author:
Chris Edwards
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The role of wealth in the economy is the focus of much policy debate. This study examines wealthy individuals as “angel” investors, who fund startup businesses. Angel investors provide a unique source of support for America’s entrepreneurs, particularly in leading‐​edge industries.
Topic:
Entrepreneurship, Economic Growth, Investment, Wealth, and Angel Investors
Political Geography:
North America and United States of America

23. Getting Schooled: The Role of Universities in Attracting Immigrant Entrepreneurs

Author:
Natee Amornsiripanitch, Paul A. Gompers, George Hu, and Kaushik Vasudevan
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Immigrants play a vital role in innovation activities and entrepreneurship. Given the substantial contribution of immigrants in these areas, a set of natural questions arise: What are the pathways that high‐​skilled immigrants take to arrive in the United States, and how has the importance of these pathways changed over time? What are important institutions that serve as gatekeepers for high‐​skilled immigrants, and do they affect the types of immigrant founders that come to the United States? Do certain parts of the United States benefit disproportionately from high‐​skilled immigration, and if so, what are some factors that contribute to these benefits? The answers to these questions have important implications for designing immigration policy and regulation, which have become increasingly acrimonious topics in public discourse. They also have important implications for firms and universities that recruit talent from abroad and for the communities that hope to promote vibrant entrepreneurial ecosystems.
Topic:
Entrepreneurship, Immigrants, Innovation, Higher Education, and Startup
Political Geography:
North America and United States of America

24. Building Entrepreneurial Skill Sets for Local Economic Development

Author:
Paul Nana Kwabena, Aborampah Mensah, and Newton Yaw Norviewu
Publication Date:
07-2021
Content Type:
Research Paper
Institution:
Ghana Center for Democratic Development
Abstract:
Chapter 20 of the 1992 Republican Constitution of Ghana creates and mandates Local Government Authorities to ensure the total development of their localities. The Constitution grants Local Government Authorities with the necessary powers to perform their functions. The Local Governance Act was promulgated to operationalize the Constitutional provisions of the functions of Local Authorities. Specifically, the Act mandates all local authorities to exercise political and administrative authoritiy in the district; promote local economic development; and provide guidance, give direction and supervise other administrative authorities in the district as may be prescribed by law. Local Government Authorities are therefore seen as the folcrum for development within their jurisdictions - provide the needed infrastructure that could aid investments, reduce poverty and facilitate employment, especially for the youth. Ghana has developed Local Economic Development (LED) policy to guide the development of the districts. Ghana’s LED policy, among other things, seeks to fully harness the economic potentials of the districts for job creation and faster poverty reduction. The policy also enjoins the district assemblies to mobilize all development actors, both those within the districts and around the country and beyond, and coordinate their activities to support implementation of LED programs in the districts. To this end, the European Union delegatioin to Ghana is supporting a 42 months LED project at the Asutifi North district of the Ahafo region of Ghana. The project is being implemented by CDD-Ghana in partnership with the Asutifi North District Assembly (ANDA). The project aims to harness local resources, knowledge, ideas, skills, and other comparative advantages to stimulate local economic growth and development, to create job opportunities and self-employment, reduce poverty, stem internal migration, and promote sustainable and inclusive development. The project targets to build capacity of 45 youth, women and PWDs to acquire some vocational skills and support them to establish their own businesses. The target beneficiaries would be selected from the communities adversely affected by the mining operations in the district. To kick start the project, a baseline survey was conducted in communities located in the three zonal councils (Kenyasi No.1, Kenyasi No.2, and Ntotroso) that have been adversely affected by the commercial mining operations in the district. The survey was conducted to ascertain the skills set that the beneficiaries would prefer to learn, and; assess market potentials for the chosen skills. A total number of 650 people, aged between 18 and 45 were randomly selected and interviewed. A total of 39 communities within the three zonal councils were visited for the interviews.
Topic:
Entrepreneurship, Youth, and Economic Development
Political Geography:
Africa and Ghana

25. Lessons Across Borders: Women’s Entrepreneurship in the U.S. and China

Author:
Yvonne Quek and Emma Crawford
Publication Date:
02-2021
Content Type:
Special Report
Institution:
Georgetown Institute for Women, Peace and Security (GIWPS)
Abstract:
In both the United States and China, thousands of women are becoming entrepreneurs. Over the past 20 years, the number of women-owned businesses in the United States has grown 114 percent. Similarly, the All-China Women’s Federation reports that women accounted for one-quarter of total China-based entrepreneurs as of 2017. The upward trends in both countries underscore the growing economic opportunities for women in the entrepreneurial ecosystem, especially in the rapidly growing technology industry. However, despite the availability of national data highlighting these trends, we know little about the patterns of opportunities and challenges faced by women entrepreneurs, specifically those in tech. This report, produced in collaboration with The Mulan Foundation, seeks to address this gap by examining the key challenges faced by female founders in tech in the United States and China. Part I investigates these trends by synthesizing and sharing insights from 330 survey respondents across both countries, comparing the opportunities and challenges faced by women tech entrepreneurs in each economy. Part II then dives deep into the U.S. perspective, analyzing the survey responses from American women entrepreneurs in the tech sector and drawing from in-depth profiles of 17 individual founders. Their diverse experiences offer lessons for other women entrepreneurs. Our findings in both countries suggest that limited access to capital and networks are key challenges faced by female entrepreneurs in tech. In addition, gender bias and stereotypes inhibit growth opportunities for women-founded businesses. This report provides recommendations for how to support women entrepreneurs in technology, and it highlights opportunities for women founders and aspiring entrepreneurs.
Topic:
Women, Entrepreneurship, Business, and Borders
Political Geography:
China, Asia, North America, and United States of America

26. Factors facilitating the inventing academics’ transition from nascent entrepreneurs to business owners

Author:
João Ricardo Faria and Rajeev K. Goel
Publication Date:
08-2021
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
Considering the sequential nature of nascent entrepreneurship and business ownership, this paper examines the propensities of academic entrepreneurs to be business owners. A theoretical model sets up the empirical analysis based on survey data from a large German public research institute. Traditionally, scientists and entrepreneurs have been seen to occupy opposite ends of a spectrum in terms of their role in innovation. In academic entrepreneurship the two combine on a number of activities. In order to understand the ways in which academic inventors move from pure patenting to nascent entrepreneurship to business ownership and connect seemingly divergent activities. We model their behavior by looking at various factors among German scientists. Academic inventors present a critical case since science and entrepreneurship are often seen as radically different, not the least in terms of knowledge production. By bringing the analysis from the level of social behavior and roles to the level of knowledge production, we can better address questions such as: How is knowledge in the interfaces of epistemic communities produced? How can such knowledge be organized and sustained? and How can relations between individuals on ‘opposing sides’ be constructively managed? The empirical results show that scientists’ positive attitudes towards commercialization of results consistently contribute to tendencies towards academic entrepreneurship; however, the academic discipline and risk aversion did not have a statistically significant impact. Having a doctoral degree lowered the propensities toward nascent entrepreneurship, but had the opposite effect on business ownership. Finally, age and experience made business ownership more likely. The results of this study would contribute to a more general theory of how scientists can combine their commercial and scientific activities in spite of an alleged divergence.
Topic:
Entrepreneurship, Business, Risk, and Academia
Political Geography:
Global Focus

27. On the Origins of Entrepreneurial Alertness: Did Bauer and Yamey Precede Kirzner?

Author:
J. Robert Subrick
Publication Date:
10-2020
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
After the Second World War, the entrepreneur virtually disappeared from economic analysis (Baumol 1968). This neglect followed from the emerging models of general equilibrium that formed one aspect of the core of economic theory. By assumption, the Walrasian auctioneer knew the appropriate prices necessary to equate quantity supplied with quantity demanded in each market. In addition, the auctioneer knew when and by how much to adjust prices when an exogenous factor changed such as income or production technology. Trade only occurred at equilibrium prices so that markets cleared. No market participant chose or changed prices; it occurred exogenously. Kenneth Arrow recognized the lack of real world mechanisms to determine and adjust prices in competitive markets. He identified a logical gap in the perfectly competitive model. He wrote that “there is no place for a rational decision with respect to prices as there is with respect to quantities” (Arrow 1959: 42). Prices exist independent of consumer and firm behavior. A complete model would have to provide a solution to the conundrum.
Topic:
Markets, History, Entrepreneurship, and Economy
Political Geography:
North America and United States of America

28. Gender, Peacebuilding and Entrepreneurship

Author:
Oluchi Gloria Ogbu
Publication Date:
08-2020
Content Type:
Journal Article
Journal:
Conflict Trends
Institution:
The African Centre for the Constructive Resolution of Disputes (ACCORD)
Abstract:
This article draws from a skills-building project carried out by the Nneola Foundation for Women and Children Development, a livelihoods and peacebuilding initiative for women in Nigeria. The organisation was founded by the author to support women in developing work-related skills that aid socio-economic development. This project was a one-year (2017–2018) skills acquisition training for women that took place in Delta State, Nigeria. The Nneola Foundation partnered with a local tailoring organisation in Delta State to teach sewing skills to five unemployed married women, who were selected from a pool of applicants based on their financial needs and interest in acquiring tailoring skills. Drawing on insights from a year-long interaction with the project coordinator, this article discusses the potential and limitations of tailoring as a peacebuilding and skills-building initiative that seeks to provide women with livelihood and community engagement opportunities. Situated within Johan Galtung’s concepts of positive peace and structural violence,1 the article further demonstrates how structural violence (inequality) can be addressed through positive peacebuilding (livelihood opportunities). This was a relatively small project, and the lessons learnt are summarised and discussed, with recommendations for those considering similar projects in the future.
Topic:
Gender Issues, Peacekeeping, Entrepreneurship, Peace, and Community
Political Geography:
Africa and Nigeria

29. Why are Africa’s Female Entrepreneurs not Playing the Export Game? Evidence from Ghana

Author:
Charles Ackah, Holger Görg, Aoife Hanley, and Cecília Hornok
Publication Date:
10-2020
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
We explore the export performance of Africa’s underperforming female entrepreneurs, using the Ghanaian ISSER-IGC panel, a comprehensive dataset of manufacturing firms for 2011–2015. Uniquely, the data provides information about the severity of key business constraints, across both male and female entrepreneurs. We find that females are less likely to export (and optimize their exporting) than their male peers. Although reduced access to finance seriously constrains the exports of female entrepreneurs, this limitation does not explain their relative inability to leverage value from exports. Consistent with related work, we find that certain social and cultural constraints, in particular constraints linked to bribes and security concerns, are more deeply felt by female entrepreneurs. This may hint at the exclusion of Africa’s females (voluntarily or involuntarily) from male-dominated networks or business practices.
Topic:
International Political Economy, Women, Entrepreneurship, and Exports
Political Geography:
Ghana

30. Chinaʹs Startup Ecosystem Policy and Implications

Author:
Sangbaek Hyun, Hyojin Lee, Yunmi Oh, and Koun Cho
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The Chinese government is moving toward a qualitative growth model in the era of “New Normal,” transitioning from the existing quantitative growth model. In line with the transition, since 2015 the Chinese government has been implementing a strategy of “mass entrepreneurship and innovation,” which involves building a startup ecosystem in order to solve youth unemployment and create new growth engines. Thanks to the success story of China’s BAT (Baidu, Alibaba, Tencent) and these new policies by the Chinese government, the startup entrepreneurship boom in China has grown rapidly, together with an explosive expansion of infrastructure and platforms for startups. To determine whether China’s economy can be transformed into an innovative economy, we need to carefully examine and evaluate China’s strategy and status of developing the startup ecosystem.
Topic:
Entrepreneurship, Economic Growth, Unemployment, and Startup
Political Geography:
China and Asia