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Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …
Persistent link: https://www.econbiz.de/10013047037
an individual’s probability of becoming an entrepreneur. Consistent with the theory of underdog entrepreneurship that … entrepreneurship, we find that spending a higher share of household income on energy consumption or being energy poor increases the … entrepreneurship …
Persistent link: https://www.econbiz.de/10013217544
We study the effect of entrepreneurship and its allocation between necessity and opportunity entrepreneurship on three … and non-monetary wellbeing to entrepreneurial allocation. Using data from the Global Entrepreneurship Monitor we establish … that opportunity entrepreneurship may contribute towards national wellbeing and that better wellbeing in turn may stimulate …
Persistent link: https://www.econbiz.de/10013077292
In many countries unemployed people are helped to become self-employed. Self-employment, however, does not necessarily lead to success. Many leave self-employment after a short period and the economic outcome varies greatly. It is important to learn more about the economic outcome for unemployed...
Persistent link: https://www.econbiz.de/10012779109
Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even...
Persistent link: https://www.econbiz.de/10012985586
Entrepreneurship in most advanced economies is in decline. This comes as a surprise: many scholars have expected an … upsurge in entrepreneurship. What are the reasons for the decline? In this paper I first document the extent of the decline in …-side view and moreover fail to explain why the decline in entrepreneurship is largely confined to economies with high levels of …
Persistent link: https://www.econbiz.de/10012862486
-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly …
Persistent link: https://www.econbiz.de/10013133067
This paper offers a quot;panoramicquot; analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit...
Persistent link: https://www.econbiz.de/10012772366
A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show that once we incorporate the incentives of factor suppliers' organizations such as craft guilds,...
Persistent link: https://www.econbiz.de/10012916601
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk-- a risk that...
Persistent link: https://www.econbiz.de/10013068649