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Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...
Persistent link: https://www.econbiz.de/10011212957
Entrepreneurship is an important intangible asset of nations. The relatively recent progress in its measurement, mainly … with the Global Entrepreneurship Development Index (GEDI), suggests that previous questions related to its determinants and … effect of corruption reduction on GEDI and thus the positive relationship between an intangible good that is entrepreneurship …
Persistent link: https://www.econbiz.de/10011183135
Start-ups and their respective market partners are faced with severe problems of asymmetric information due to their lack of prior production history and reputation. Given this situation, it is most likely that outside financiers will not be informed about the potential gains, losses, and risks...
Persistent link: https://www.econbiz.de/10005789869