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This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including...
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entrepreneurship in high-value added activities has made limited contributions to this growth, in part because of a weak business …
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of youth start-ups. Our paper contributes to closing a gap in the entrepreneurship and development literature with a … unemployment. We test the role of skills and training for productive youth entrepreneurship on data from a recent survey of …
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