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Many firms fail shortly after inception. Yet individuals continue starting businesses. Prewar economists such as Keynes invoked animal spirits and stressed psychological factors in their explanations of economic behavior. Using a large sample obtained from surveys conducted in 18 countries, we...
Persistent link: https://www.econbiz.de/10005068936
We use a sample of 18 countries to study what variables have a significant impact on an individual's decision to start a new business and classification and regression trees for an accurate interpretation of the data. Our results support existing literature suggesting the existence of strong...
Persistent link: https://www.econbiz.de/10005069086
significantly increase entry into entrepreneurship, thereby providing evidence of financial constraints. We then develop a simple … currently received. We interpret these findings as evidence that the program has been effective in promoting micro-entrepreneurship …
Persistent link: https://www.econbiz.de/10010738986