. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model …

measures to proxy for entrepreneurship often gives rise to misleading inferences. Interestingly the rate of billionaire …, more venture capital investment and lower regulatory burdens have higher entrepreneurship rates but less self …-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …