In Sub-Sahara Africa, Botswana, Ghana, Mauritius and South Africa can be considered the “Big Four” economies in terms of economic development and growth. How successful has these countries been in terms of economic development, and can they be considered role models for other Sub-Saharan...

The Club de Madrid and the Maastricht School of Management wanted to respond to the challenge of encouraging new thinking on the link between economic performance and social conditions. We invited a range of thinkers and writers from intergovernmental bodies, policy think tanks, academia and...

We propose that the rate of creation and failure of new firm start-ups can be modelled as a search and matching process, as in labor market matching models. Deriving a novel Entrepreneurship-Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial...

We propose that the rate of creation and failure of new firm start-ups can be modelled as a search and matching process, as in labor market matching models. Deriving a novel Entrepreneurship-Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial...

Adoption and adaptation of foreign technology is an important catch-up mechanism for developing countries and can contribute towards the achievement of the millennium development goals. Despite this until now very little foreign aid has been specifically targeting innovation in developing...

Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be...

We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur's skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety. Third,...

We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur’s skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety....