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Selection into Entrepreneurship and Self-Employment
Levine, Ross - 2018
We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …
Persistent link: https://www.econbiz.de/10012481000
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Smart and Illicit : Who Becomes an Entrepreneur and Do They Earn More?
Levine, Ross - 2013
"illicit" tendencies as youths accounts for both entry into entrepreneurship and the comparative earnings of entrepreneurs. In …
Persistent link: https://www.econbiz.de/10012459385
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Financial Innovation and Endogenous Growth
Michalopoulos, Stelios; Laeven, Luc; Levine, Ross - School of Social Science, Institute for Advanced Study - 2011
We model technological and ?nancial innovation as re?ecting the decisions of pro?t maximizing agents and explore the implications for economic growth. We start with a Schumpeterian growth model where entrepreneurs earn pro?ts by inventing better goods and ?nanciers arise to screen entrepreneurs....
Persistent link: https://www.econbiz.de/10009644118