Wennekers, Sander; Wennekers, André van; Thurik, Roy; … - In: Small Business Economics 24 (2005) 3, pp. 293-309
subsequent stages of development. Regressing global entrepreneurship (GEM) 2002 data for nascent entrepreneurship in 36 countries … find support for a U-shaped relationship. The results suggest that a ‘natural rate’ of nascent entrepreneurship is to some …