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The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the...
Persistent link: https://www.econbiz.de/10004973333
-driven entrepreneurship in the modern sector. The model shows how opportunity-driven entrepreneurship can drive structural transformation …
Persistent link: https://www.econbiz.de/10005001320
Start-ups of new firms are important for economic growth. However, start-up rates differ significantly between countries and within regions of the same country. A large empirical literature studies the reasons for this and attempts to identify the regional determinants of start-ups. In contrast,...
Persistent link: https://www.econbiz.de/10005059869
Persistent link: https://www.econbiz.de/10005059879
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that …) opportunity-motivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii …) governance and the start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance …
Persistent link: https://www.econbiz.de/10004973322
We examine returns to entrepreneurship using a standard measure of welfare, the per capita consumption xpenditure …
Persistent link: https://www.econbiz.de/10004973323
We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform … in particular on the interplay between policy and institutional reforms and entrepreneurship. We find that the joint … effect of trade reform and entrepreneurship on growth is negative, suggesting that trade reform diminishes the positive …
Persistent link: https://www.econbiz.de/10004973332
business creation and its effect on the economy. The present study focuses on an important determinant of entrepreneurship: the … Entrepreneurship Monitor (GEM) project. The results indicate that the quality of institutions is a relevant factor for the distribution …
Persistent link: https://www.econbiz.de/10004973342
investigate early international entrepreneurship (international new ventures) in China. The extent of early international … entrepreneurship in China is significant: 65 per cent of the exporting firms start export operations within three years. Foreign …
Persistent link: https://www.econbiz.de/10004973346
We analyse potential dynamic benefits for a firm from having the option of adopting informal status. Informality may be a stepping stone, without which formality might never be achieved. This result obtains for a broad range of realistic parameter values, suggesting a potential dynamic case for...
Persistent link: https://www.econbiz.de/10004973347