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ISCTE-IUL  >  Education  >  DEc

Economics of Entrepreneurship (1 º Sem 2018/2019)

Code: 03114
Acronym: 03114
Level: 3rd Cycle
Basic: No
Teaching Language(s): English
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 6.0 h/sem 6.0 h/sem 144.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2016/2017
Pre-requisites Intermediate microeconomics
Objectives The main purpose of this course is to give students knowledge about the key research strands in the area of economics of entrepreneurship. In this course, both theoretical and empirical contributions will be explored.
Program S1. Determinants of entry into entrepreneurship
S2. Determinants of performance of entrepreneurs
S3. Empirical methods in economics of entrepreneurship research
Evaluation Method The evaluation of the unit takes place in two periods: Regular (1.st Season) and Re-sitting (2.nd Season).
a) Regular Season:
   Continuous Assessment:
- Report concerning the state of art of the literature on a specific topic in the scientific area of the curricular unit: 50%;
- Report proposing research avenues on the same area of the previous report: 25%;
- Oral presentation of the two previous reports: 10%;
- Oral discussion: 15%.
b) Re-sitting: Written exam (100%)
Teaching Method To achieve the learning outcomes, the following learning-teaching methodologies (LTM) will be used:
LTM1. Tutorial orientation: 1.5 hours for an initial meeting with the student to discuss the state of art and the research challenges in the scientific area; two progress meetings (1.0 hour/meeting); 1.5 hours for a final meeting with oral presentation and discussion of the assignments developed by the student.
LTM2. Self-study, related with autonomous work by the student.
Observations -
Basic Bibliographic Nota: pela natureza da UC, não se efetua a distinção entre bibliografia básica e complementar, devendo ser considerada indiferentemente.
Acs, Z. and Audrestch, D. (1990) Innovation and Small Firms. Boston: MIT Press.
Andersson, L. and Hammarstedt, M. (2010) Intergenerational transmissions in immigrant self-employment: evidence from three generations. Small Business Economics 34: 261-276.
Åstebro, T. and Chen, J. (2014) The entrepreneurial earnings puzzle: mismeasurement or real? Journal of Business Venturing 29: 88-105.
Åstebro, T. and Thompson, P. (2011) Entrepreneurs, Jacks of all trades or Hobos. Research Policy 40: 637-649.
Åstebro, T., Chen, J. and Thompson, P. (2011) Stars and misfits: self-employment and labor market frictions. Management Science 57: 1999-2017.
Barnir, A. and Mclaughlin, E. (2011) Parental self-employment, start-up activities and funding: exploring intergenerational effects. Journal of Developmental Entrepreneurship 16: 371-392.
Complementar Bibliographic Baumol, W. (1990) Entrepreneurship: productive, unproductive and destructive. Journal of Political Economy 98: 893-921.
Biehl, A., Gurley-Calvez, T. and Hill, B. (2014) Self-employment of older Americans: do recessions matter?. Small Business Economics 42: 297-309.Blanchard, L., Zhao, B. and Yinger, J. (2008) Do lenders discriminate against minority and woman entrepreneurs? Journal of Urban Economics 63: 467-497.
Blanchflower, D. and Oswald, A. (1998) What makes an entrepreneur? Journal of Labor Economics 16: 26-60.
Borjas, G. (1986) The self-employment experience of immigrants. Journal of Human Resources 21: 487-506.
Bosma, N., Hessels, J., Schutjens, V., Van Praag, M. and Verheul, I. (2012) Entrepreneurship and role models. Journal of Economic Psychology 33: 410-424.
Brandstätter, H. (1997) Becoming an entrepreneur - a question of personality structure? Journal of Economic Psychology 18:157-177.
Brown, S., Farrel, L. and Sessions, J. (2006) Self-employment matching: an analysis of dual earner couples and working households. Small Business Economics 26: 155-172.
Caliendo, M. and Kritikos, A. (2008) Is entrepreneurial success predictable? An ex-ante analysis of the character-based approach. Kyklos 61: 189-214.
Caliendo, M., Fossen, F. and Kritikos, A. (2009) Risk attitudes of nascent entrepreneurs ? new evidence from an experimentally validated survey. Small Business Economics 32: 153-167.
Camerer, C. and Lovallo, D. (1999) Overconfidence and excess entry: an experimental approach. American Economic Review 89: 306-318.
Caves, R. (1998) Industrial organization and new findings on the turnover and mobility of firms. Journal of Economic Literature 36: 1947-1982.
Clark, K. and Drinkwater, S. (2000) Pushed out or pulled in? Self-employment among ethnic minorities in England and Wales. Labour Economics 7: 603-628.
Croson, D. and Minniti, M. (2012) Slipping the surly bonds: the value of autonomy in self-employment. Journal of Economic Psychology 33: 355-365.
Dawson, C., Henley, A. and Latreille, P. (2014) Individual motives for choosing self-employment in the UK: does region matter? Regional Studies, forthcoming.
Devine, T. (1994) Changes in wage-and-salary returns to skill and the recent rise in female self-employment. American Economic Review 84: 108-113.
Disney, R. and Gathergood, J. (2009) Housing wealth, liquidity constraints and self-employment. Labour Economics 16: 79-88.
Djankov, S., Qian, Y., Roland, G. and Zhuravskaya, E. (2006) Who are China's entrepreneurs? American Economic Review 96: 348-352.
Dunn, T. and Holtz-Eakin, D. (2000) Financial capital, human capital, and the transition to self-employment: evidence from intergenerational links. Journal of Labor Economics 18: 282-305.
Ekelund, J., Johannson, E., Järvelin, M. and Lichtermann, D. (2005) Self-employment and risk aversion - evidence from psychological test data. Labour Economics 12: 649-659.
Evans, D. and Jovanovic, B. (1989) An estimated model of entrepreneurial choice under liquidity constraints. Journal of Political Economy 97: 808-827.
Evans, D. and Leighton, L. (1989) Some empirical aspects of entrepreneurship. American Economic Review 79: 519-535.
Fairlie, R. (1999) The absence of the African-American owned business: an analysis of the dynamics of self-employment. Journal of Labor Economics 17: 80-108.
Fairlie, R. and Krashinsky, H. (2012) Liquidity constraints, household wealth, and entrepreneurship revisited. Review of Income and Wealth 58: 279-306.
Fairlie, R. and Meyer, B. (1996) Ethnic and racial self-employment differences and possible explanations. Journal of Human Resources 31: 757-793.
Georgellis, Y., Sessions, J. and Tsitsianis, N. (2005a) Windfalls, wealth, and the transition to self-employment. Small Business Economics 25: 407-428.
Gindling, T. and Newhouse, D. (2014) Self-employment in the developing world. World Development 56: 313-331.
Hart, O. and Moore, J. (1994) A theory of debt based on the inalienability of human capital. Quarterly Journal of Economics 109: 841-879.
Holmes, T. and Schmitz, J. (1990) A theory of entrepreneurship and its application to the study of business transfers. Journal of Political Economy 98: 265-294.
Holtz-Eakin, D., Joulfaian, D. and Rosen, H. (1994) Entrepreneurial decisions and liquidity constraints. Rand Journal of Economics 25: 334-347.
Hundley, G. (2006) Family background and the propensity for self-employment. Industrial Relations 45: 377-392.
Hvide, H.  (2009) The quality of entrepreneurs. Economic Journal 119: 1010-35.
Joona, P. and Wadensjö, E. (2013) The best and the brightest or the least successful? Self-employment entry among male wage-earners in Sweden. Small Business Economics 40: 155-172.
Jovanovic, B. (1982) Selection and the evolution of industry. Econometrica 50: 649-670.
Kaplan, S., Sensoy, B. and Stromberg, P. (2009) Should investors bet on the jockey or the horse? Evidence from the evolution of firms from early business plans to public companies. Journal of Finance 64: 75-115.
Kihlstrom, R. and Laffont, J. (1979) A general equilibrium theory of firm formation based on risk aversion. Journal of Political Economy 87: 719-748.
Lazear, E. (2005) Entrepreneurship. Journal of Labor Economics 23: 649-680.
Lévesque, M. and Minniti, M. (2006) The effect of aging on entrepreneurial behavior. Journal of Business Venturing 21: 177?194.
Lin, Z., Picot, G. and Compton, J. (2000) The entry and exit dynamics of self-employment in Canada. Small Business Economics 15: 105-125.
Lucas, R. (1978) On the size distribution of business firms. Bell Journal of Economics 9: 508-523.
Parker, S. (2009) The Economics of Entrepreneurship. Cambridge, MA: Cambridge University Press.
Roessler, C., Koellinger, P. (2012) Entrepreneurship and organization design. European Economic Review 56: 888-902.
Sandri, S., Schade, C., Mußhoff, O., and Odening, M. (2010) Holding on for too long? - An experimental study on inertia in entrepreneurs' and non-entrepreneurs' disinvestment choices. Journal of Economic Behavior and Organization 76: 30-44.
Van der Sluis, J., Van Praag, M. and Vijverberg, W. (2008). Education and entrepreneurship selection and performance: a review of the empirical literature Journal of Economic Surveys 22: 795-841.
Vereshchagina, G. and Hopenhayn, H. (2009) Risk taking by entrepreneurs. American Economic Review 99: 1808-1830.
Wagner, J. (2006) Are nascent entrepreneurs ?Jacks-of-all-trades?? A test of Lazear's theory of entrepreneurship with German data. Applied Economics 38: 2415-2419.