Working Papers

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Browsing Working Papers by Author "Couyoumdjian, Juan Pablo"

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    Entrepreneurship and Growth: A Latin American Paradox?
    (School of Business and Economics, Universidad del Desarrollo, 2009) Larroulet Vignau, Cristián; Couyoumdjian, Juan Pablo;
    In this article, we examine the evolution of entrepreneurship in Latin America as presented in the Global Entrepreneurship Monitor (GEM) studies. These studies present a key set of internationally comparable statistics on entrepreneurship, which have supplied the data for important studies of the role and determinants of entrepreneurship. Here we propose another study along these lines, relating changes in entrepreneurship to changes in economic performance. We obtain an apparently paradoxical result: Latin America has high levels of entrepreneurship, but relatively modest rates of economic growth. Is it possible that, after all, entrepreneurship does not matter much for economic growth? Or is Latin America somehow immune to the beneficial effects of entrepreneurship? We attempt to explain this apparent puzzle
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    Interlocked, Business Groups and the State in Chile (1970-2010)
    (School of Business and Economics, Universidad del Desarrollo, 2015) Salvaj, Erica; Couyoumdjian, Juan Pablo; Salvaj, Erica
    In this paper we examine the relationship among business groups (BGs) in Chile in the long run, focusing on the relations between the state viewed as a BG and privately-owned BGs from 1970 to 2010. Our analysis proceeds within the methodological perspective of interlocking directorates (IDs) analysis. Working with a unique database of the boards of affiliated firms to BGs, we consider IDs as a way to learn about the cohesion and relation between these BGs. We include a period of political change and institutional and economic modernization in Chile, which also involved a transformation in the character of the entrepreneurial class in the country. We find that the state BG has played an important role in the networks of Chilean capitalism. Our work complements the literature on BGs and state capitalism, showing the rich nature of social networks in a capitalist society

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