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2019 | 7 | nr 4 | 57--72
Tytuł artykułu

African Immigrant Entrepreneurs in South Africa : Exploring Their Economic Contributions

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Objective: The objective of this study is to propose a model for talent allocation to economic activities and rent-seeking based on some effective factors.

Research Design & Methods: We examined the research model using the panel data method based on data from selected developing countries in the years 2014-2018.

Findings: Our results indicated that market size, firm scale, and the quality of property rights all affect the talent allocation based on the theoretical logic of our research's modelling.

Implications & Recommendations: It seems necessary for an economy to worry about circumstances that influence the quality of property rights, market size, and firm scale in addition to human capital accumulation in order to reinforce the talents' tendency towards productive activities rather than rent-seeking; that is, to promote economic growth.

Contribution & Value Added: Moving a step forward from the quality of human sources towards allocating them as "economy talents," we proposed a model to explain how market size, firm scale, and quality of property rights affect talents' choice between productive activities and rent-seeking, via Romer's quality of property rights model expansion. (original abstract)
Rocznik
Tom
7
Numer
Strony
57--72
Opis fizyczny
Twórcy
  • University of Isfahan, Iran
  • University of Isfahan, Iran
Bibliografia
  • Acemoglu, D. (1995). Reward Structures and the Allocation of Talent. European Economic Review, 39(1), 17-33. https://doi.org/10.1016/0014-2921(94)00014-Q
  • Acemoglu, D., & Verdier, T. (1998). Property Rights, Corruption and the Allocation of Talent: a General Equilibrium Approach. The Economic Journal, 108(450), 1381-1403. https://doi.org/10.1111/1468-0297.00347
  • Ács Z.J., Szerb L., Lafuente E., & Lloyd, A. (2018). The Global Entrepreneurship and Development Index. Retrived from https://thegedi.org/2018-global-entrepreneurship-index/ on May, 2019.
  • Aeeni, Z., Motavaseli, M., Sakhdari, K., & Mobini Dehkordi, A. (2019). Baumol's Theory of Entrepreneurial Allocation: A Systematic Review and Research Agenda. European Research on Management and Business Economics, 25(1), 30-37. https://doi.org/10.1016/j.iedeen.2018.09.001
  • Baumol, W.J. (1990). Entrepreneurship: Productive, Unproductive, and Destructive. Journal of Business Venturing, 11(1), 3-22. https://doi.org/10.1016/0883-9026(94)00014-X
  • Berdiev, A.N., & Saunoris, J.W. (2018). Corruption and Entrepreneurship: Cross-Country Evidence from Formal and Informal Sectors. Southern Economic Journal, 84(3), 831-848. https://doi.org/10.1002/soej.12250
  • Boudreaux, C.J., Nikolaev, B.N., & Holcombe, R.G.(2018). Corruption and Destructive Entrepreneurship. Small Business Economics, 51(1), 181-202. https://doi.org/10.1007/s11187-017-9927-x
  • Busse, M., & Hefeker, C. (2007). Political Risk, Institutions and Foreign Direct Investment. European Journal of Political Economy, 23(2), 397-415. https://doi.org/10.1016/j.ejpoleco.2006.02.003
  • Chakrabarti, A. (2001). The Determinants of Foreign Direct Investments: Sensitivity Analyses of Cross-Country Regressions. Kyklos, 54(1), 89-114. https://doi.org/10.1111/1467-6435.00142
  • Collins, J.D., McMullen, J.S., & Reutzel, C.R. (2016). Distributive Justice, Corruption and Entrepreneurial Behavior. Small Business Economics, 47(4), 981-1006. https://doi.org/10.1007/s11187-016-9751-8
  • Database, World Federation of Exchanges. (2018). Market capitalization of listed domestic companies. Retrived from https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS on April, 2019.
  • Hmieleski, K.M., & Lerner, D.A. (2016). The Dark Triad and Nascent Entrepreneurship: An Examination of Unproductive versus Productive Entrepreneurial Motives. Journal of Small Business Management, 54(S1), 7-32. https://doi.org/10.1111/jsbm.12296
  • Holcombe, R.G. (1998). Entrepreneurship and Economic Growth. The Quarterly Journal of Austrian Economics, 1(2), 45-62. https://doi.org/10.1007/s12113-998-1008-1
  • Jones, C.I. (1998). Introduction to economic growth (1st ed.). New York, NY: W.W. Norton.
  • Jones, G., & Schneder, W.J. (2010). IQ in the Production Function: Evidence from Immigrant Earnings. Economic Inquiry, 48(3), 743-755. https://doi.org/doi:10.1111/j.1465-7295.2008.00206.x
  • Levy-Carciente, S. (2018). International property rights index. Retrieved from Property Rights Alliance: https://www.internationalpropertyrightsindex.org/countries on May, 2019.
  • Murphy, K.M., Shleifer, A., & Vishny, R.W. (1991). The Allocation of Talent: Implications for Growth. Quarterly Journal of Economics, 106(2), 503-530.
  • Natkhov, T., & Polishchuk, L. (2012). Institutions and the Allocation of Talent. Higher School of Economics. https://doi.org/ 10.2139/ssrn.2070084
  • Nunn, N. (2007). Historical Legacies: A Model Linking Africa's Past to Its Current Underdevelopment. Journal of Development Economics, 83, 157-175. https://doi.org/ 10.1016/j.jdeveco.2005.12.003
  • Romer, D. (2006). Advanced macroeconomics (3rd ed.). Boston, MA: McGraw-Hill.
  • Samadi, A.H., Renani, M., & Dallali-Esfahani, R. (2010). The Concept and Economic Effects of Property Rights: an Institutional Approach. Private Law Studies, 40, 183-202.
  • Tullock, G. (1967). The Welfare Costs of Tariffs, Monopolies and Theft. Economic Inquiry, 5(3), 224- 232. https://doi.org/ 10.1111/j.1465-7295.1967.tb01923.x
  • Wiggins, V., & Poi, B. (2001). Testing for Panel-Level Heteroskedasticity and Autocorrelation. Retrived from StataCorp FAQs: https://www.stata.com/support/faqs/statistics/panel-level-heteroskedasticity- and-autocorrelation/ on April 2019.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171577736

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