A New Model of the Relationship between Number of Entrepreneurs and Factor Substitution

淡江大學機構典藏 > 商管學院 > 產業經濟學系暨研究所 > 會議論文 > Item 987654321/23998

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题名:	A New Model of the Relationship between Number of Entrepreneurs and Factor Substitution
作者:	胡名雯;Hu, Ming-wen
贡献者:	淡江大學產業經濟學系
日期:	2007-09
上传时间:	2009-11-30 18:02:07 (UTC+8)
摘要:	In the new economic era that features speedy advancement in technology, entrepreneurship has become one important element of economic development. In this study, we demonstrate the induction of a hypothesis originated from production theory of economics that predicts as income increase during economic development, the number of entrepreneurs will also increase, provided the elasticity of factor substitution between labor and capital is larger than unity. This hypothesis provides an explanation for the increase importance of entrepreneurship as well as SMEs. The hypothesis is tested with Taiwan manufacturing data in our empirical model. Our study clarifies the relationship between number of entrepreneurs, factor substitution, and economic growth. The findings also echo the rise of entrepreneurial activities in recent Taiwan, and provide evidence about the importance of entrepreneurship during economy development.
關聯:	Second International Conference on Innovative Computing, Informatio and Control (ICICIC 2007)
显示于类别:	[產業經濟學系暨研究所] 會議論文

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