Learning to learn: Experimentation, entrepreneurial capital, and development

Códigos JEL: O31, O32, O13, D81

Autores:
Maloney, William Francis
Zambrano, Andrés
Tipo de recurso:
Work document
Fecha de publicación:
2022
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/54321
Acceso en línea:
http://hdl.handle.net/1992/54321
Palabra clave:
Learning
Experimentation
Entrepreneurial capital
Development
Resource curse
Economía
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Maloney, William Francisab3e9021-d4a0-40da-8a7f-7bb8623a935b600Zambrano, Andrés83ddb9a1-f3c7-42e0-a570-5621af95a0596002022-01-25T14:48:38Z2022-01-25T14:48:38Z2022-01http://hdl.handle.net/1992/543211657-719110.57784/1992/54321instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Códigos JEL: O31, O32, O13, D81This paper models an entrepreneur's choice between investing in a safe activity or experimenting with a new risky one, and how much to invest in \entrepreneurial capital" that permits more effective use of arriving information on the latter- how much to learn how to learn. Optimal investment depends on the cost, the distance from the entrepreneurial frontier, and non-monotonically, on the expected return on the risky activity, leading to three learning regimes including a potential resource curse. The model is supported by historical evidence from Latin America and simulations of the relative decline of the Chilean versus US copper industries56 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 02 Enero de 2022https://ideas.repec.org/p/col/000089/019940.htmlLearning to learn: Experimentation, entrepreneurial capital, and developmentDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPLearningExperimentationEntrepreneurial capitalDevelopmentResource curseEconomíaFacultad de EconomíaPublicationORIGINALdcede2022-02.pdfdcede2022-02.pdfapplication/pdf10284920https://repositorio.uniandes.edu.co/bitstreams/628989ea-5b07-4e17-9940-3fc94e09cdd9/downloada38f17a442f174174ced64fbc55fd3bcMD51TEXTdcede2022-02.pdf.txtdcede2022-02.pdf.txtExtracted texttext/plain117795https://repositorio.uniandes.edu.co/bitstreams/d283f551-03e1-4403-8ca1-3cf8e47c0f8a/download7d1b40292791ede31fe267eee389e8a7MD54THUMBNAILdcede2022-02.pdf.jpgdcede2022-02.pdf.jpgIM Thumbnailimage/jpeg18158https://repositorio.uniandes.edu.co/bitstreams/20ed2e2f-edbb-44fe-aa9b-af3cd9023cd2/download1741756fa45644ef4dd794289512fb3bMD551992/54321oai:repositorio.uniandes.edu.co:1992/543212024-06-04 15:09:58.81http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Learning to learn: Experimentation, entrepreneurial capital, and development
title Learning to learn: Experimentation, entrepreneurial capital, and development
spellingShingle Learning to learn: Experimentation, entrepreneurial capital, and development
Learning
Experimentation
Entrepreneurial capital
Development
Resource curse
Economía
title_short Learning to learn: Experimentation, entrepreneurial capital, and development
title_full Learning to learn: Experimentation, entrepreneurial capital, and development
title_fullStr Learning to learn: Experimentation, entrepreneurial capital, and development
title_full_unstemmed Learning to learn: Experimentation, entrepreneurial capital, and development
title_sort Learning to learn: Experimentation, entrepreneurial capital, and development
dc.creator.fl_str_mv Maloney, William Francis
Zambrano, Andrés
dc.contributor.author.none.fl_str_mv Maloney, William Francis
Zambrano, Andrés
dc.subject.keyword.none.fl_str_mv Learning
Experimentation
Entrepreneurial capital
Development
Resource curse
topic Learning
Experimentation
Entrepreneurial capital
Development
Resource curse
Economía
dc.subject.themes.none.fl_str_mv Economía
description Códigos JEL: O31, O32, O13, D81
publishDate 2022
dc.date.accessioned.none.fl_str_mv 2022-01-25T14:48:38Z
dc.date.available.none.fl_str_mv 2022-01-25T14:48:38Z
dc.date.issued.none.fl_str_mv 2022-01
dc.type.spa.fl_str_mv Documento de trabajo
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dc.identifier.doi.none.fl_str_mv 10.57784/1992/54321
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
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dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 02 Enero de 2022
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/019940.html
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dc.format.extent.none.fl_str_mv 56 páginas
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dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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