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> Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship performance … value of other input factors, such as (knowledge) capital and labor is likely to be affected by the education level of the … possible stakeholders in the entrepreneur’s venture. The education distribution of the (local) population may thus shape the …
Persistent link: https://www.econbiz.de/10011256412
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011256603