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Some Simple Economics of Crowdfunding
Agrawal, Ajay K.; Goldfarb, Avi; Catalini, Christian - National Bureau of Economic Research (NBER) - 2013
It is not surprising that the financing of early-stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal relationships and due diligence requiring face-to-face interactions in response to high levels of...
Persistent link: https://www.econbiz.de/10010969219
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Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry
Cabral, Luis M B; Wang, Zhu; Xu, Daniel Yi - National Bureau of Economic Research (NBER) - 2013
Taking the early U.S. automobile industry as an example, we evaluate four competing hypotheses on regional industry agglomeration: intra-industry local externalities, inter-industry local externalities, employee spinouts, and location fixed-effects. Our findings suggest that inter-industry...
Persistent link: https://www.econbiz.de/10010969338
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Clusters of Entrepreneurship and Innovation
Glaeser, Edward Ludwig; Chatterji, Aaron; Kerr, William R. - National Bureau of Economic Research (NBER) - 2013
This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United … identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation …
Persistent link: https://www.econbiz.de/10010969371
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Firms and the Economics of Skilled Immigration
Kerr, Sari Pekkala; Kerr, William R.; Lincoln, William F. - National Bureau of Economic Research (NBER) - 2014
Firms play a central role in the selection, sponsorship, and employment of skilled immigrants entering the United States for work through programs like the H-1B visa. This role has not been widely recognized in the literature, and the data to better understand it have only recently become...
Persistent link: https://www.econbiz.de/10010969384
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Housing Collateral, Credit Constraints and Entrepreneurship - Evidence from a Mortgage Reform
Jensen, Thais Lærkholm; Leth-Petersen, Søren; Nanda, … - National Bureau of Economic Research (NBER) - 2014
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using … point increase in entrepreneurship, equivalent to a 4% increase in the number of entrepreneurs. New entrants were more … benefit from the reform. Our results provide evidence that credit constraints do affect entrepreneurship, but that the overall …
Persistent link: https://www.econbiz.de/10010969457
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Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012
We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...
Persistent link: https://www.econbiz.de/10010950745
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Patent Collateral, Investor Commitment, and the Market for Venture Lending
Serrano, Carlos J.; Hochberg, Yael V.; Ziedonis, … - National Bureau of Economic Research (NBER) - 2014
The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent...
Persistent link: https://www.econbiz.de/10010950751
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Clusters, Convergence, and Economic Performance
Delgado, Mercedes; Porter, Michael E.; Stern, Scott - National Bureau of Economic Research (NBER) - 2012
This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining...
Persistent link: https://www.econbiz.de/10010950757
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Demographics and Entrepreneurship
Lazear, Edward; Liang, James; Wang, Hui - National Bureau of Economic Research (NBER) - 2014
Entrepreneurship requires creativity and business acumen. Creativity may decline with age, but business skills increase … with experience in high level positions. Having too many older workers in society slows entrepreneurship. Not only are … Entrepreneurship Monitor data. The results imply that a one-standard deviation decrease in the median age of a country increases the …
Persistent link: https://www.econbiz.de/10010950811
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Political Reservations and Women's Entrepreneurship in India
Ghani, Ejaz; Kerr, William R.; O'Connell, Stephen D. - National Bureau of Economic Research (NBER) - 2014
heightened entrepreneurship is due to channels like greater finance access or heightened inspiration for women entrepreneurs. …
Persistent link: https://www.econbiz.de/10010950817