Abstract

In this paper, we reviewed the concept of entrepreneurship of neo-classical economist Alfred Marshall and the relation of entrepreneurial capital and economic growth. The number of theoretical models, and empirical studies analyzing the role of entrepreneur in economic growth has increased in the light of old, and new definitions that were brought up to the concept of entrepreneurship. Neoclassical economist Alfred Marshall argued that entrepreneurs have an important function in dynamics and growth of economies. The statement is also emphasized to be indispensable case in that the entrepreneurial skills is essential in the global competitive scale of countries at the side of theoretical and practical studies in relation to the role of entrepreneur in economic growth. Especially, in recent years the concept of entrepreneurship capital has been started to be used as an issue of emprical studies, in investigating whether the ability to establish new firms has any effects on whole or regional scale of economic growth of countries’. In this study, the author has reviewed the literature on the validity of positive impact of entrepreneurship on economic growth, by reviewing literature that covers both emprical and theoretical researches, thus approves this validity of the implications that Alfred Marshall has made in his magnum opus that was written on the basis of his analytical analysis and investigations.

ALFRED MARSHALL’DA EKONOMİNİN STATİK DURUMDAN DİNAMİK DURUMA HAREKETİNDE GİRİŞİMCİ’NİN ÖNEMİ, GİRİŞİMCİ SERMAYESİ VE İKTİSADİ BÜYÜME İLİŞKİSİ

Abstract

References

1. Audretsch, David B. (2007), “Entrepre- neurship capital and economic growth”, Oxford Review of Economic Policy, 23 (1), 63-78.
2. Audretsch, D. B., Keılbach, M. (2004), “Entrepreneurship Capital and Economic Performance”, Regional Studies, 38 (8), 949-959.
3. Audretsch, D. B., Keılbach, M. ve Lehmann, E. (2006), Entrepreneurship and Economic Growth, Oxford, Oxford University Press.
4. Berkowıtz, D. ve Dejong, David N. (2005), “Entrepreneurship and Post-socialist Growth”, Oxford Bulletin of Economics and Statistics, 67 (1), 25-46.
5. Cantıllon, R. (1755), “The Circulation and Exchange of Good and Merchandise”, in Casson, M. (ed.), 1990, Entrepreneurship, Edward Elgar Publishing Ltd., Hants UK, 5-10.
6. Carree, M.A. ve Thurık, A.R. (2002), “The Impact of Entrepreneurship on Economic Growth”,
7. Coleman, J. (1988), “Social Capital in the Creation of Human Capital”, American Journal of Sociology, 94, 95-121.
8. Gartner, W. B., Carter, N. M. and Reynolds, P. D. (2010), “Entrepreneurial Behaviour: Firm Organizing Proceses”, in Z. Acs and D. Audretsch (eds), International Handbook of Entrepreneurship, New http://www.springerlink.com/content/978-1-4419- 1190-2/#section=745240&page=1&locus=3 (28/02/2011). Springer,

9. Holtz-Eakın, D. ve Kao, C. (2003), “Entrepreneurship and Economic Growth: The Proof is in the Productivity”, Center for Policy Research, Syracuse University.
10. Lavezzı, Andrea (2003), “Smith, Marshall and Young on division of labour and economic growth”, The European Journal of the History of Economic Thought, 10 (1), 81-108.
11. Levıtt, Theodore (1976), “Alfred Marshall: Victorian Relevance for Modern Economics”, The Quarterly Journal of Economics, 90 ( 3), 425- 443.
12. Loasby, B. J. (1969), “Firms, Markets, and The Principle of Continuity”, Centenary Essays on Alfred Marshall, ed. by John K. Whitaker, A Royal Economic Society Publication, Cambridge University Press, Cambridge, New York, 108-125.
13. Loasby, B. J. (1982), “The Entrepreneur in Economic Theory”, Scottish Journal of Political Economy, 29 (3), 235-245.
14. Lucas, R. (1993), “Making a Miracle”, Econometrica, 61, 251-72.
15. Marchionatti, R. (1992), “Marshall on Increas- ing Returns and Competition”, Quaderni di storia dell’economia politica, 10, 553 – 83.
16. Marshall, A. (1969), Principles of Economics, 8 th ed. MacMillan Student ed., London.
17. Nıman, N. B. (1991), “The Entrepreneurial Function in The Theory of the Firm”, Scottish Journal of Political Economy, 38 (2), 162–176.
18. O’Brıen, D. P. (1990), “Marshall’s Industrial Analysis”, Scottish Journal of Political Economy, Scottish Economic Society, 37 (1), 61-84.
19. Pıgou, A. C. (1925), Memorials of Alfred Marshall, MacMillan and Co., Limited, St Martin’s Streets, London.
20. Porter, M. E. (1990), The Competitive Advantage of Nations, New York: Free Press.
21. Prodı, R. (2002), “For a New European Entrepreneurship”, public speech, Madrid, Instituto de Empresa.
22. Pursell, G. (1958), “Unity in The Thought of Alfred Marshall”, Quarterly Journal of Economics, LXXII, 588-600.
23. Putnam, R. (1993), Making Democracy Work. Civic Tradition in Modern Italy, Princeton, NJ, Princeton University Press.
24. Putnam, R. (2000), Bowling Alone: The Collapse and Revival of American Community, New York, Simon & Schuster.
25. Robinson, J. (1972), Introduction to Modern Economics, Author: John Eatwell (Çev: Coşkun İçöz), İktisadi ve Ticari İlimler Akademisi Basımevi, Eskişehir.
26. Romer, P. (1986), “Increasing Returns and Long-Run Growth”, Journal of Political Economy, 94, 1002-37.
27. Schumpeter, J. A. (1934), The Theory of Economic Development, Cambridge, MA: Harvard University Press.
28. Solow, R. M. (1956), “A Contribution to the Theory of Economic Growth”, Quarterly Journal of Economics, 70 (1), 65-94.
29. Stel, André van, Carree, Martin and Thurık, A. Roy (2005), “The Effect of Entrepreneurial Activity on National Economic Growth”, The SCALES Paper, http://publishing.eur.nl/ir/darenet/asset/9869/2007 0213007IndUn.pdf, (15/03/2011). Mayis 2012