Discuss the dimensions through which environmental turbulence has created the need for corporate entrepreneurship.

What is corporate entrepreneurship?

What are the differences between start-up entrepreneurship and corporate entrepreneurship?

Explain the four schools of thought on corporate entrepreneurship.

What are corporate entrepreneurship outcomes?

Discuss the variables that are vital for designing work environments that support a corporation's entrepreneurial strategy.r

Question 1:

Jensen and Oster (2009) investigate the effects of cable TV. What empirical strategies do they use in the paper and how do they argue for the internal validity of the results? Shortly discuss their findings and the external validity of the results.

Question 2:

What is the relationship between institutions and long run economic development? Keep the discussion to the following four papers from the course literature: Acemoglu et al 2001 (AJR), Gleaser et al. 2004 (G), Nunn andWantchekon 2009 NW, and Michalopoulos and Papaioannou 2011 (MP).

Question 3:

Poor people often face very high interest rates. This has been explained by the so called lender's risk hypothesis. Assume that there is perfect competition and letL = Loan amount,R = Lender's opportunity cost, P = Fraction of loans repaid, and i = Interest rate. Use this notation to set up the lender's risk hypothesis model, derive the main equation, and describe its implications in words. The model does not seem to describe reality very well, why is that? The model is still used to explain the high interest rates in developing countries but with an important twist - what is that twist?

Question 4:

Based on the course material, argue for the following three possibilities: A) Inequality may lead to lower growth B) Inequality may be beneficial for growth C) Inequality may be beneficial for growth in early stages of development, but may be harmful for growth at later stages of development

Assume that the government decides to keep the social security tax at initial level , and that parameters are such that the economy is always dynamically efficient. Note that to solve what follows you have to consider the general equilibrium effects that the change in the flow of immigrants has on wages and the interest rate.

b) What is the effect of the shock on capital accumulation in the first period (compared to capital accumulation in the previous steady state)? And on the new steady state? Explain (if you prefer not to do the math you can explain in words what is the intuition).

c) Are the initial old better off? What is the effect on the disposable income of the first young generation of residents. Explain