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Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …
Persistent link: https://www.econbiz.de/10012458161
Introduction / Josh Lerner and Antoinette Schoar -- International perspectives on the nature of entrepreneurship … -- Explaining international differences in entrepreneurship: the role of individual characteristics and regulatory constraints … Colombian case / Camilo Mondragón-Vélez and Ximena Peña -- Entrepreneurship and firm formation across countries / Leora Klapper …
Persistent link: https://www.econbiz.de/10013480724
Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even...
Persistent link: https://www.econbiz.de/10012456194
A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show that once we incorporate the incentives of factor suppliers' organizations such as craft guilds,...
Persistent link: https://www.econbiz.de/10012452993
-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly …
Persistent link: https://www.econbiz.de/10012462356
This paper offers a "panoramic" analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit episodes...
Persistent link: https://www.econbiz.de/10012464765
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012453515
Entrepreneurship has been traditionally concentrated in the hands of a few small communities in most developing …
Persistent link: https://www.econbiz.de/10012465589
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk-- a risk that...
Persistent link: https://www.econbiz.de/10012461896
This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...
Persistent link: https://www.econbiz.de/10012510623