Entrepreneurship in Macroeconomics
This paper reviews the main studies on entrepreneurship
conducted during the past two decades that are relevant for the
understanding of various macroeconomic issues. I organize the
discussion by distinguishing three groups of contributions. The first
group includes studies whose main purpose is to understand the factors
that affect the decision to become an entrepreneur. The second group
includes studies that look at the aggregate and distributional
implications of entrepreneurship for savings and investment. The third
group deals with
issues of economic development and growth.