Entrepreneurship, Economic Growth and Microfinance创业经济增长和小额信贷..pptVIP

Entrepreneurship, Economic Growth and Microfinance. Chantelle Blachut and Ichiro Uehara. (9/12/2010) Outline. ? Introduction ? Link Between Entrepreneurship and Growth ? Empirical Evidence ? Policy Implication ? Microfinance Entrepreneurship (connections and basic literature ideas) ? India Microfinance (current problems) ? Concluding Remarks Linking Entrepreneurship and Economic Growth Some economists say input factors are... Technology (A) Capital (K) Human and physical Labor (L) AND Entrepreneurship (E) Y = A * K^α * L^β * E^1-α+β Paper Linking Entrepreneurship and Economic Growth by Wennekers and Thurik (1999) Entrepreneurship and Economic Growth Dictionary Definition of Entrepreneur Someone who stars a company, arranges business deals, and takes risks in order to make a profit By LONGMAN Advanced American Dictionary Definition of Entrepreneurship Entrepreneurship is the manifest ability and willingness of individuals, on their own, in teams, within and outside existing organizations, to: Perceive and create new economic opportunities (new products, new production methods, new organizational schemes and new product-market combinations ) Introduce their ideas in the market, in the face of uncertainty and other obstacles, by making decisions on location, form and the use of resources and institutions Roles of Entrepreneur Person who assumes the risk associated with uncertainty Supplier of financial capital Innovator Decision-maker Industrial leader Manager or superintendent Organizer and coordinator of economic resources Owner of an enterprise Employer of factors of production Contractor Arbitrageur (Trader) Allocator of resources among alternative uses Person who realizes a start-up of a new bussiness Hébert and Link (1989), Van Dijk qnd Thurik (1995), Van Praag (1996) Types of Entrepreneurs Entrepreneurial v.s. Managerial Self-Employed v.s. Employee Types of Entrepreneurs Real Entrepreneurs Schumpeterian Entrepreneurs: ow