In macroeconomic perspective: It seems obvious: entrepreneurs start new businesses, creating more employment, leading to an increase competition among companies which eventually will lead to an increase in productivity through technological change. In the long run, the most important factor for economic growth is technological change (Solow, 1956). So, can we take for granted that a relatively high level of entrepreneurship will lead to a ...

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At the moment, there is much debate about self-employed people (ZZP's in Dutch) in the Netherlands and their (special) tax benefits. In my opinion, it is important to make a distinction in several kinds of entrepreneurship and its economic influence. I think the tax benefits in the Netherlands for the so-called ZZPs (self-employed people) are too generous and do work contra productively. I have elaborated on some facts/arguments below which have ...

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In the last six decades (1950-2010), the Brazilian economy has grown and quadrupled its GDP per capita (GDPpc) from approximately 1,700 to 6,900 measured in International dollars (Bolt & van Zanden, 2013). All amounts that are mentioned in this blog are measured in International dollars (sometimes called Geary-Khamis dollar), except as otherwise provided. The International dollar is a currency developed by economists to compare countries ...

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Het lijkt een mooie combinatie, ondernemen combineren met de collegebanken. Maar in de praktijk botst het ondernemerschap nogal eens met het onderwijs. "Als je een deadline moet halen of een examen moet doen, is er weinig flexibiliteit", ervaren studenten. Brabants Dagblad sprak met jonge ondernemende studenten. Zo runnen Ruud, Miranda en Martijn Schippers het bedrijf JAM (JongerenArbeidsMarkt), een online platform waar bedrijven jongeren ...

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The Rise of the US

Posted on 10 september 2014

Why did the US become the world's most powerful nation? In the last two centuries, the United States of America has become the most powerful nation in the world by making its transition from an agriculture based economy to an industrial nation. In the first part of the 19th century, the country’s GDP grew approximately 4% per year but GDP per capita just increased by 0.5%. This can be explained by the growth in population and increased ...

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5 jaar later in Australië

Posted on 13 augustus 2014

Immuun voor economische teleurgang. 5 jaar geleden kwam ik voor het eerst in dit afgezonderde continent, aan de andere kant van de wereld. Een westers land dat de afgelopen decennia continu doorgroeide (zie GDP comparison, verschil in groei van BBP), een land wat buiten de 2 grote economische neerslagen bleef (2001 en 2008) en een land dat een geringe staatsschuld heeft (zie Australian Public Debt, staatsschuld). Is dit land immuun voor een ...

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COOLEST COOLER: 21st Century Cooler that’s Actually Cooler

Posted on 28 juli 2014

The COOLEST is a portable party disguised as a cooler, bringing blended drinks, music and fun to any outdoor occasion.

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Moving to Melbourne

Posted on 7 juli 2014

Monday 7 July 2014, I'm about to travel to Melbourne, Victoria, my new home city for the next 6 months. According to the Economist, one of the most liveable cities on earth.

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Melbourne city

How do I have to price my products? Take advantage of the following important price sensitivity issues which I think are important to take into consideration.

Price sensitivity deals with the consumer’s sensitivity to price changes and is important for strategic decisions. Price has a significant influence on the behavior of consumers and consequently on firm revenues and profits. In general, price sensitivity is analyzed by the slope of the demand curve or by the price elasticity of demand (Kaul & Wittink, 1995, p. 151). In my article we will use price elasticity, since it is not sensitive to the units of measurement and is often used in the field of microeconomics, and we will focus on describing the factors which influence price elasticity.

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Betalen anno 2014: iPad als kassa (Miami)

Posted on 2 mei 2014

Momenteel ben ik op een studiereis in de east coast van de USA waar we vanuit de universiteit verschillende bedrijven, overheidsorganisaties en NGO's bezoeken. Helaas is dit al weer de laatste week. Desalniettemin, nog steeds kom ik veel nieuwe toepassingen tegen zoals bijvoorbeeld de iPad als betaalautomaat. In verschillende cafeetjes en eettentjes ben ik het al tegen gekomen: een iPad met een cardreader voor creditcards (deze is verbonden via ...

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