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. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …
Persistent link: https://www.econbiz.de/10001557273
The importance of innovation for the economic performance of industrialized countries has been largely stressed … innovation, is the key parameter in determining sustained growth in a model with endogenous technological change. This paper … takles the extremely important task of identifying and estimating a "production function" of innovation for European regions …
Persistent link: https://www.econbiz.de/10001546259
During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several 'new' equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...
Persistent link: https://www.econbiz.de/10001772727
We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurship and labor risk is found to be statistically significant and...
Persistent link: https://www.econbiz.de/10001557181