In the present note an effort will be made for a contribution to economic theory by extending the discussion paper "Entrepreneurship, Regional Development and Job Creation: The Case of Portugal" by R. Baptista, V. Escárta and P. Madruga, MPI #0605, in which the authors conclude (among others)...

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship's reward. As an example, a regression, based on the entrepreneurship's reward, with baning panel data will yield the same main results as in the...