Showing 1 - 10 of 138
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10010267763
classification of firms by human- and financial-capital intensiveness, or entry barriers, we find, is useful for explaining racial …
Persistent link: https://www.econbiz.de/10010268143
Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering firms in various industries are shown to differ...
Persistent link: https://www.econbiz.de/10010282246
Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering firms in various industries are shown to differ...
Persistent link: https://www.econbiz.de/10009369416
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become self-employed in some occupations. Using longitudinal social security data, we implement a matched difference-in-differences design with entropy balancing to account for...
Persistent link: https://www.econbiz.de/10011931822
classification of firms by human- and financial-capital "intensiveness", or entry barriers, we find, is useful for explaining racial …
Persistent link: https://www.econbiz.de/10005763894
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to ‘excessive’ entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a...
Persistent link: https://www.econbiz.de/10005822475
We study how frictions in learning others' technology, termed "imperfect technology spillovers," impact firm innovation strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that generates strategic innovation decisions, where...
Persistent link: https://www.econbiz.de/10015210944
This paper investigates the effect of grouping students by prior achievement into different classes (or schools) in …
Persistent link: https://www.econbiz.de/10013351696
This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show … that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This … result is not due to sample selection, omitted variable bias, or reverse causality, and it is robust to different econometric …
Persistent link: https://www.econbiz.de/10013351979