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Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
economics, econometrics and finance
Entrepreneurship and human development: A capability approach
Journal of Public Economics, Volume 95, No. 3-4, Year 2011
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Description
We provide a formal model of entrepreneurship in human development. The framework is provided by the capabilities approach (CA). Hence we extend not only the conceptualisation of entrepreneurship in development, but the reach of the CA into entrepreneurship. From a CA view, entrepreneurship is not only a production factor, or a means to an end, as is often taken to be the case by economists, but also an end in itself. Entrepreneurship can be a human functioning and can contribute towards expanding the set of human capabilities through being both a resource and a process. Our model shows, however, that entrepreneurship is not automatically a functioning. Where it is a necessity it stops being a valued functioning. The model also shows that even when entrepreneurship is valued, entrepreneurs may often not match their ideas with suitable opportunities. Policy implications are discussed. © 2010 Elsevier B.V.
Authors & Co-Authors
Gries, Thomas
Germany, Paderborn
Universität Paderborn
Naude, Wim A.
Finland, Helsinki
United Nations University World Institute for Development Economics Research
Statistics
Citations: 214
Authors: 2
Affiliations: 2
Identifiers
Doi:
10.1016/j.jpubeco.2010.11.008
ISSN:
00472727
Research Areas
Health System And Policy